Privately-owned long lianoil is listed for oil road

Date: 2017-09-13

       Although the relevant license has not yet come to hand, China's first private oil joint enterprises - united petroleum holdings co., LTD., this morning is still in the great hall of the people, the inaugural meeting but cancel scheduled news conference. This marks the beginning of private capital in China's oil monopoly industry, which was dominated by state-owned enterprises.

       The company was founded by several private oil companies. At present, there are nearly 50 private enterprises, involving about 5 billion capital, which is the largest private entity in China's comprehensive oil industry.

       Long united oil Gong Gulong, chairman of the board of directors, said after the preparation of about half a year, long lian oil has dealt with the company registration in the near future, obtained the business license, and held on June 9, the first general meeting of shareholders and the first session of the board of directors.

       Gong's other identity is the chairman of hubei tianfa group and President of the national federation of industry and commerce.

       Gong Gulong an interview with reporters said that the future will be long oil for the parent company, make to cover the entire oil industry chain, exploration and exploitation, oil refining, chemical industry, warehousing logistics, retail sales, import and export one of the large multinational oil group co., LTD. According to the plan, the group will achieve a total assets of 500 billion yuan in three to five years, taking a stake in 1,000 enterprises and listing them on the market.

       Industry under the state council development research center, ministry of economic affairs Liang Angchun believes that corporation jointly established integrated oil group to break the monopoly industry has a role in promoting, but long oil should be as equal main body participation in market competition, will take time.