| China being net import country from 1993, the importation dependence of petroleum has reached 37 percent, and the deterioration of the international petroleum security situation will cause heavy losses on the petroleum industry, even on the nation's economy.The living environments of civil petrochemical industry have took place new changes after China entering into WTO, many famous multinational corporations have entered the Chinese market one after another. The civil petrochemical enterprises will face not only the internal competitors, but also the overseas ones directly. The thesis starts from the multinational investment theory, then the status and issues of the civil petrochemical enterprises, after that, inquires into their development trend and direction of internationalization, finally give the opinions, that is, the civil petrochemical enterprises should set up strategy cooperation relationship with external similar ones, and should collaborate with the finance enterprises to employ external investment.In the first section, it is mainly the international investment theory. First of all, it is the Monopolization Superiority Theory of American Economist S. Hymer. The theory's premise is imperfect competition, and Hymer thinks that the profitability is the essential element of direct foreign investment. These corporations should have the monopolization superiority that the enterprise of host country does not possess. Moreover, it is the imperfect competition induces the imperfect market, then, the imperfect market induces the direct foreign investment. So the monopolization superiority is the determination factor of direct foreign investment. Buckley's Internalization Theory thinks that modern multinational corpora-tion is the result of the market Internalization. This theory's foundation is the imperfect middling products market, and thinks that it will increase the transaction cost of middling products, if via the exterior market. So the enterprises have to employ the interior market instead of the external.Then, the International Production Compromise Theory provid-ed by John H. Dunning, absorbs the advantages of Monopolization Superiority Theory, Internalization Theory and Area Superiority Theory. This theory thinks that the ownership and internalization is only the essential condition of foreign direct investment, while the Area Advantage is the ample one.To survival and develop in the fierce international market since 1980s, many multinational corporation continuously adjust their management activities, and fully bring forth new ideas to their strategy. The Strategy Alliance Theory is exactly a typical one. It is a loose organization. The enterprises joined the Alliance not only compete, but cooperate, their status is relative equal, and the Alliance has a certain period of effectiveness.The second section, mainly introduces the status of Chinese petrochemical. Three periods has been experienced, that is, lacking of petroleum, more than enough, and the imported period. While the problems that annoyed the internal enterprises are, 1. Obviously Contradiction of Demand and Supply. In the late 1990s, this situation is extremely severe. The crude oil of China is 160 million tons annually, and the volume of demand is 220 million tons. 2. Unstable Price. The price of finished petroleum products is readjusted many times accordingly from Year 1999 to 2003, on account of the turbulence from the International crude oil market. The American Iraq's war sounded the alarm for the security of Chinese petroleum's price once again. 3. Lagging of Finance Serve, Lacking of Loose Financing Environments. Then, it is the growing history of the internal petrochemical leading enterprise. In fact, the Chinese petrochemical Industry is composed by the PetroChina Company Limited (CNPC), China Petrochemical Group (Sinopec), and China National Offshore Oil Corp (CNOOC). All the three Corporations are state-owned individual proprietorship corporation, and nation-authorized investment organ...
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