China to change heavy reliance on spot trade in crude oil

时间：2007-12-29 08:07:43

（单词翻译:单击）

Chinanews, Beijing, Dec. 27 – China will gradually change the current situation where it overly relies on spot trade in crude oil. In future, it will encourage domestic companies to sign long-term contracts for oil supply, according to a white paper issued by the State Council Information Office on Wednesday.

 

For a considerable long time to come, international energy trade will remain as the main form for China to utilize1 foreign oil resources. China will actively2 expand its international energy trade, to boost the balance of oil supply in global market and to maintain the stability of international energy market. When conditions are mature, China will support domestic companies to invest and operate at overseas market, the white paper, titled "China's Energy Situation and Policies", says.

 

According to the white paper, China encourages foreign businesspeople to make investment in the exploitation of non-conventional energy resources and in the construction and operation of oil (natural gas) pipelines3, storage houses and piers4. China also supports foreigners to invest in hydropower plants.

 

Foreign investors5 engaged in exploitation of minerals paragenesis, associated mineral resources, tailings, or mineral resources in the western region will be exempted6 from paying the mineral resources compensation fees. Meanwhile, Chinese government encourages foreign businesspeople to invest in thermal7 power plants with a single dynamo capacity of 600,000 kilowatts8 or above, to invest in clean coal power projects, energy production projects that combines heat and electricity, hydropower projects, nuclear power projects where Chinese companies are the major shareholders9, and to invest in the construction and operation of both new and renewable energy resources.

 

China will expand foreign investment utilization10 scope by encouraging the investment to flow to energy field. The main areas for foreign investment will shift from fossil energy resources to renewable energy resources and from exploitation to service trade.

 
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1 utilize OiPwz     
vt.使用，利用
参考例句：
  • The cook will utilize the leftover ham bone to make soup.厨师要用吃剩的猪腿骨做汤。
  • You must utilize all available resources.你必须利用一切可以得到的资源。
2 actively lzezni     
adv.积极地，勤奋地
参考例句：
  • During this period all the students were actively participating.在这节课中所有的学生都积极参加。
  • We are actively intervening to settle a quarrel.我们正在积极调解争执。
3 pipelines 2bee8f0b9bb303b1f1a466fd43666db3     
管道( pipeline的名词复数 )； 输油管道； 在考虑（或规划、准备） 中； 在酿中
参考例句：
  • The oil is carried to the oil refinery by pipelines. 石油通过输油管输送到炼油厂。
  • The oil carried in pipelines. 石油用管道输送。
4 piers 97df53049c0dee20e54484371e5e225c     
n.水上平台( pier的名词复数 )；（常设有娱乐场所的）突堤；柱子；墙墩
参考例句：
  • Most road bridges have piers rising out of the vally. 很多公路桥的桥墩是从河谷里建造起来的。 来自辞典例句
  • At these piers coasters and landing-craft would be able to discharge at all states of tide. 沿岸航行的海船和登陆艇，不论潮汐如何涨落，都能在这种码头上卸载。 来自辞典例句
5 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
6 exempted b7063b5d39ab0e555afef044f21944ea     
使免除[豁免]( exempt的过去式和过去分词 )
参考例句：
  • His bad eyesight exempted him from military service. 他因视力不好而免服兵役。
  • Her illness exempted her from the examination. 她因病而免试。
7 thermal 8Guyc     
adj.热的，由热造成的；保暖的
参考例句：
  • They will build another thermal power station.他们要另外建一座热能发电站。
  • Volcanic activity has created thermal springs and boiling mud pools.火山活动产生了温泉和沸腾的泥浆池。
8 kilowatts d9f87593961475fee978f39c57bfced8     
千瓦( kilowatt的名词复数 )
参考例句：
  • It's about 500 kilowatts per hour on average. 年用电量平均为每小时500千瓦。 来自商贸英语会话
  • We have an emergency-standby electric generator with a capacity of 300 kilowatts. 我们有一台三百千瓦的事故备用发电机。
9 shareholders 7d3b0484233cf39bc3f4e3ebf97e69fe     
n.股东( shareholder的名词复数 )
参考例句：
  • The meeting was attended by 90% of shareholders. 90%的股东出席了会议。
  • the company's fiduciary duty to its shareholders 公司对股东负有的受托责任
10 utilization Of0zMC     
n.利用，效用
参考例句：
  • Computer has found an increasingly wide utilization in all fields.电子计算机已越来越广泛地在各个领域得到应用。
  • Modern forms of agricultural utilization,have completely refuted this assumption.现代农业利用形式，完全驳倒了这种想象。

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