State Council Information Office: Li Rongrong said that the domestic oil industry has no monopoly

Li Rongrong, director of the State-owned Assets Supervision and Administration Commission of the State Council, said at a news conference held by the State Council Information Office on the morning of December 22 that the competition among domestic oil companies is modest and there is no monopoly.
At a press conference, when a reporter asked whether the large profitable companies of the central government were too monopoly, Li Rongrong said that we divided the three companies in the domestic oil industry, PetroChina, Sinopec and CNOOC. Of the 50 major oil and oil-consuming countries in the world today, 76% have only one oil company in the country, 20% are a country with a few oil companies, and generally no more than 3, so we say that our country is now domestic The competition is moderate and it is better. This is reflected in our corporate contributions to society, taxes paid, and the company's own benefits are all improving. Shareholders have also received good returns and consumers have also benefited. State-owned enterprises are national and people's. Therefore, the profits they earn are for the benefit of the people. China's national economy can maintain steady and rapid growth. It should be said that the credit of this part of the company cannot be underestimated. The price of crude oil in the international market soared, but the refined oil in the domestic market did not rise much. This illustrates the problem.
Li Rongrong also said that the benefits of state-owned enterprises in the past two years are indeed better. In 169 central enterprises, the net increase in profits for the past two years is nearly 100 billion yuan. Last year, the tax paid by central enterprises was 466.5 billion yuan, this year it will reach 550 billion yuan, last year's profit was 488 billion yuan, and central enterprises will have to reach 600 billion yuan this year. One of the important reasons for such a good situation is competition. It can also be said that almost none of our industries are monopolised.

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