Does the US oil company come back to China to sell cheap oil? The person in charge said so.

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 Does the US oil company come back to China to sell cheap oil? The person in charge said so.


In this regard, he interviewed the head of the Gulf oil market and learned the truth.

Qiu Wenjie, marketing manager of Gulf Oil (China) Co., Ltd., told Geng Zhige that the ultra-low price of 5.96 at the first Chinese gas station in Guangzhou was actually a business promotion launched by the gas station itself for three days, September 8-September 10, in order to increase the number of people on Gulf Stone. Oil brand awareness and attention. It was because of the end of the sales promotion that it returned to the normal market price.

(photos from @ bay China official micro-blog)

He said that the Internet development and Reform Commission, two barrels of oil intervention intervention, are false information. Gulf oil did not expect such a public opinion as a simple promotion.

Mr. Qiu also said that the current company and Guangzhou gas stations are actually adopting a brand authorization cooperation model, that is, to provide Gulf oil operations, management and quality control brands and standards.

In addition, facing the question of whether Gulf Oil intends to drive down the prices of Chinese refined oil products, Mr. Qiu said that there are many business sectors of Gulf Oil in foreign countries, including automobile maintenance services, as well as derivative maintenance and fashion goods, as well as painting services, and racing cars.

So were not really a price-competitive brand abroad, he said. Were more concerned about spreading a car culture and a Gulf racing culture, as well as comprehensive high-quality services to car owners.

(screenshots from Gulf oil China official website)

Mr. Qiu went on to say that Gulf Oil had actually entered China in 1995, and that its previous business was mainly automotive and industrial lubricants. With the opening of the national policy in the past two years, Gulf Oil will gradually bring its overseas products oil business, maintenance business, as well as fashion goods, automotive painting and racing business into the domestic market, and integrate them so as to give Chinese consumers a comprehensive experience, not just in oil. Price.

However, he also disclosed that Gulf Oil has plans to open 1,000 gas stations in China, and although at this stage limited by the size of domestic gas stations, the company has not been directly involved in the supply of fuel at its stations, but will be considered to participate in the future according to the business.

(screenshots from Gulf oil China official website)

So it became clear that the low price of oil sold by Gulf Oil in China was just a promotional campaign, and the company didnt want people to pay attention to their prices through promotional campaigns, but hoped that the companys other high-quality products and services would also be of concern to consumers.

However, it is not difficult to find out why this rumor can explode the Internet, in fact, also reflects peoples desire to see more competition in the refined oil market, so that consumers can profit and enjoy affordable oil prices.

But can foreign-funded companies such as the U.S. Gulf Oil enter the Chinese refined oil market and set up gas stations to increase the competitiveness of the Chinese refined oil market and lower oil prices? Professor Lin Boqiang of China Energy Economics Institute of Xiamen University believes that foreign investment will increase competition in the market and thus make oil prices more affordable, but the margin is actually very [limited]. It may only be a few cents, but it will not be more than 2 yuan less than the promotion of Gulf Oil in the United States. Professor Lin said the promotion itself could not last long. Professor Lin further explained that this is because foreign capital in China also faces the same costs as three barrels of oil (CNPC, Sinopec, CNOOC) and other private enterprises, such as tax. Therefore, in the product oil market where domestic competition has been relatively sufficient, the space for foreign capital to fight for is actually relatively limited... Source: Global Times - World Wide Web. More brilliant, please log on to World Wide Web http://www.huanqiu.com editor: Cao Yi _NN5778

But can foreign-funded companies such as the U.S. Gulf Oil enter the Chinese refined oil market and set up gas stations to increase the competitiveness of the Chinese refined oil market and lower oil prices?

Professor Lin Boqiang of China Energy Economics Institute of Xiamen University believes that foreign investment will increase competition in the market and thus make oil prices more affordable, but the margin is actually very [limited]. It may only be a few cents, but it will not be more than 2 yuan less than the promotion of Gulf Oil in the United States. Professor Lin said the promotion itself could not last long.

Professor Lin further explained that this is because foreign capital in China also faces the same costs as three barrels of oil (CNPC, Sinopec, CNOOC) and other private enterprises, such as tax. Therefore, in the product oil market where domestic competition has been relatively sufficient, the space for foreign capital to fight for is actually relatively limited...