Can an individual run an oil company in China?

cannot

1. Individuals can only be agents, and individuals cannot start oil companies. Because China is a socialist country with public ownership as the main body and multiple ownership economies coexisting, the state must control the industries that are related to the key areas of the country and the economic lifeline. The oil industry is an important industry, and the state must control it, so individuals will not be allowed to set up oil companies.

China's traditional method is divided into four major oil companies, which are called:

China Petroleum and Natural Gas Group Corporation (PetroChina)

China Petrochemical Group (Sinopec)

China National Offshore Oil Corporation

Sinochem Corporation (Sinochem)

Second, individual gas stations need conditions to join PetroChina. If you want to open a private gas station, you must meet two basic conditions, one is to have a stable source of refined oil supply, and the other is to meet the development plan of the local gas station industry. The cost is about four or five million, but the examination and approval procedures are extremely complicated.

1. The investor must be 18 years old or above, have independent legal personality, or be a natural person with strong economic strength.

2. Investors need to have a good business reputation and good local contacts.

3. Go to the Provincial Economic and Trade Commission for the approval certificate of retail operation of refined oil products, go to the Safety Production Supervision Administration for the business license of dangerous chemicals, and apply to the local quality and technical supervision department for on-site inspection.

4. Go to PetroChina and choose to rent a gas station directly or build your own gas station.

5. Self-built gas stations need to submit application reports. After the instruction of construction comes down, investors need to choose the address of the gas station according to the regulations, and also need to buy refueling equipment and necessary safety facilities. Generally speaking, the investment in new gas stations is large.

6. If you choose direct lease management, you only need to pay the lease fee except some handling fees.

Three, self-employed oil business license conditions

1. Unemployed people in cities and towns, villagers in rural areas and other people with operational ability permitted by national policies may apply for engaging in individual industrial and commercial operations;

2. The applicant must have the capital, business site, business ability and business technology corresponding to the business project.

1. Oil refers to a mixture of naturally occurring gaseous, liquid and solid hydrocarbons. Petroleum is divided into crude oil, natural gas, natural gas liquid and natural tar, but it is customary to use "oil" as the definition of "crude oil".

2. Petroleum is a viscous dark brown liquid, which is called "industrial blood". There are oil reserves in some parts of the upper crust. The main components are mixtures of alkanes, cycloalkanes and aromatic hydrocarbons. It is one of the main targets of geological exploration.

3. There are two theories about the mechanism of petroleum formation: biological deposition and petrochemical formation. The former is widely accepted that oil is formed by the long-term evolution of organisms in ancient oceans or lakes, which belongs to biological deposition and cannot be regenerated. The latter thinks that oil is generated by carbon in the earth's crust, which has nothing to do with living things and is renewable. Petroleum is mainly used as fuel oil and gasoline, and it is also the raw material of many chemical industrial products, such as solutions, fertilizers, pesticides and plastics.