13th China Oil Trading Confernece 2012

The 13th China Oil Trading Conference (COTC) 2012 will be held in Beijing on April 10-13. In the past twelve years, COTC has attracted over 3,500 Chinese and foreign clients, which enables it to be a leader among China’s commercial service providing bodies for oil industry. As a summit meeting with focus on China’s oil market, the conference will give emphasis to the following hot issues:

Expectations of China’s opening policy for oil markets

To keep its commitment to WTO, China has reduced import duties for oil products and opened access to oil products retail and wholesale markets since 2001. In the next decade, the import market and upstream sectors will be opened in China; the marketization of refined oil products and other oil derivatives sectors will be deepened. Apart from these, can we expect for other opening policies? Will there be more qualified enterprises in the field of oil trading in the future?

Energy development transformation and total consumption control

The government work report for 2011 by China’s State Council firstly mentioned “actively promoting the transformation of energy production and utilization method”. The report asked to make control on China’s total energy consumption and change the traditional development mode of unlimited consumption and unlimited supply. China’s energy development mode must be transformed during 2011-2015, the so-called 12th five-year plan period. What changes will the transformation bring about to the oil industry?

Oil price and macro-economy

Oil price change is an important factor to macro-economy. Its impact can range from production to consumption, from cost to price and from trade to investment. When international oil prices gain one US dollar, China will have a 0.06% loss in GDP, according to the latest estimation by Morgan Stanly. We should foresee the trend of international oil prices and grasp the pulse of China’s macroeconomic policies.

Oil shortage and new price reform

China’s oil products market saw a widespread shortage. Views on causes of the shortage mixed, but further improvement of pricing mechanism was widely agreed. At the end of 2011, China’s National Development and Reform Commission (NDRC) announced it would carry out a pilot reform on natural gas price formation mechanism in Guangdong and Guangxi. The gas price reform has taken the lead. What changes will the upcoming oil price reform bring about to petroleum industry?

In addition, the conference will also touch on other hot issues like international petroleum economy, bonded bunker fuel market, oil storage and logistics and development of private oil enterprises. At the beginning of 2012, more than 500 players in oil industry will gather in Beijing and seek new opportunities in China’s oil market.

Why Attend:

12 years history, 3,500+ clients
Gathering of 500+ oil players in Beijing at the beginning of 2012
Inclusive participation: the four big SOEs in China, major traders at home and abroad, teapot refineries in Shandong, government administrative authorities, famous experts and leading intelligence companies
Seven sections: golden trading hall, keynote speech, high-end panel discussion, seminar, gala dinner, business delegation and golf competition

Testimonials

“Speeches are impressive and the conference is well organized. It provides a perfect platform of communication.”

Xu Dingming, former Head of Energy Bureau, NDRC, Deputy Director, National Energy Leading Group Office
“We have joined in this event for five times. The scale of the conference is getting bigger and bigger year by year. It’s so surprising.”

Dr. Frederic Lasserre, Global Head of Commodities Research, Societe Generale
“COTC is not only an oil trading conference but also a barometer in China and world petroleum market.”
Mr. William Chia, Executive Director, Brightoil Petroleum Group

Agenda

Day 1 | Tuesday | 10 April

Morning
09:00-12:00 COTC Golf Friendship Match
Afternoon
12:00-14:00 Registration
14:00-15:00 Star enterprise market seminar (I)
15:00-16:00 Star enterprise market seminar (II)
16:00-18:00 Golden trading floor
Evening
18:00-20:00 Business cocktail

Day 2 | Wednesday | 11 April

09:00-09:15 Opening remarks
Policy
09:15-09:45 China’s five-year plan for energy development transformation and control on total petroleum consumption
Promoting the transformation of energy production and utilization method, improving energy utilization efficiency
Changing the traditional development mode of unlimited consumption and unlimited supply, making control on total consumption
Transformation of energy development mode will bring about new changes to petroleum industry

09:45-10:15 Impact of oil price change on China’s economy——system, impact and measures
World oil market review and forecast of price fluctuation
International oil price trend and interpretation of China’s macro-economic policy
How to get rid of the vicious cycle of “oil price hike – expansionary monetary policy – inflation”?

10:15-10:45 High-end panel discussion——dynamics, trend and opportunity
Reasons for China’s oil shortage
New pricing mechanism for oil products
Oil products trade pattern – new changes and new opportunities

10:45-11:15 Coffee break
11:15-12:00 Energy reform and new price formation mechanism of crude oil and oil products
External pressures for China’s reform on oil products pricing mechanism
Three tendencies——higher price adjustment frequency, looser control and integration with the world market
Inversion of retail price and wholesale price
How will oil products price reform affect the industry?

12:00-14:00 Lunch buffet
Market
14:00-14:30 World economy and oil market outlook
Uncertainties in world economy
Market impact of European debt crisis
Risk control

14:30-15:00 Development trend of China’s oil products trade pattern and trading form
China’s oil products market fundamentals and trade flow in 2011-2012
Development of oil products trade pattern and advise to trader’s operation
Diversification of oil products trading platform and new changes of trading form in China

15:00-15:30 China bonded bunker fuel market——market expansion and competition
Steady growth, intensified competition and price transparency
Will Chinese market have a reshuffle in 2012?
Market prospect and future competition

15:30-16:00 Coffee break
16:00-16:30 Status quo of China’s oil products storage and logistics industry and industry layout
Operation and layout plan of major oil terminals in China
Interrelation between oil products storage/logistics and trade
Orientation of China’s policy on oil products storage and transportation and its impact——layout, M&A and trade

16:30-17:00 Global and regional petroleum products trade
Petroleum products supply and demand balance
World, Asia-Pacific and China
Major consumption fields

17:00-17:30 Advises to China’s private petroleum enterprises
Quality upgrading, widening of price gap, an age of brand marketing
Adjustment of market structure stems from outsourcing restriction on main petroleum operating enterprises
Extension of business chain and sustainable development

18:00-20:00 Business dinner (including performance)
Day 3 | Thursday | 12 April
Expert’s view
09:00-10:00 Listen to Prof. Larry H.P. Lang (I)——Study and judgment on China’s economic outlook 2012
10:00-11:00 Listen to Prof. Larry H.P. Lang (II)——Long/near-term troubles for China’s petroleum and energy industry
11:00-11:30 Q&A
12:00-14:00 Lunch buffet
14:00-16:30 Leave for Tianjin by bus
17:30-19:30 Gala dinner & local performance
Day 4 | Friday | 13 April
Site visit
09:00-09:30 Enterprise welcome meeting
09:30-11:00 Site visit to Tianjin oil plants
11:00-12:30 Return to downtown Tianjin and go to Beijing International Airport

Event Feature:
1. China's oil market outlook under the national 12th Five Years' plan.
2. Opportunities for the global oil players to share the tremendous oil consumption demand based on the country's high speed economic development.
3. Trending around Asia, especially China's oil downstream market of refining, power generation, transportation, marine etc.
4. Capturing the business opportunities by learning the updated market and meeting with the local and international participants at this significant stage.

Contacts:
http://cotc.cbichina.com
+86-21-51551653
joyzou@cbichina.com