Research On Measures Of Petroleum Mining Right Market-oriented Reform

“13^th Five-Year Plan”proposes to speed up the opening up of competitive business in natural monopoly industries such as oil and gas.The opening up is to increase market competition,optimize the allocation of oil and gas resources,make the market play a decisive role in resources allocation,which requires China to accelerate the market-oriented reform of oil field,among which the reform of mining rights in China is an important task.Stakeholders'interest imbalance and conflict of interests are important reasons for restricting the development of Chinese oil market of mining rights and the key to the market-oriented reform of petroleum mining rights is handling the relationship among the various stakeholders in China.Therefore,starting with how central government accelerates market-oriented reform process of petroleum mining rights in China,this paper reviews the property rights theory,stakeholder theory and game theory as theoretical basis.According to the stakeholder theory we identify and classify the stakeholders of petroleum mining rights market in China and the central government,local governments,the main subject of mining rights and residents in mining area are determined as the core stakeholders.Then we analyze the principal-agent and the economic interest relation,the contradiction and conflicts of interests among the core stakeholders.Based on the game theory,we establish the game model among the core stakeholders,and grasp the mutual influence on the stakeholders in the petroleum mining rights market.The game analysis results show that the central government in the reform of Chinese petroleum mining rights market should fully coordinate the relationship between various stakeholders,and balance the interests of various stakeholders,which is conducive to the implementation of the strategic decision made by the central government.Therefore,it promotes market-oriented reform process,optimizes the allocation of resources efficiency and improves market efficiency.Finally,based on the game analysis results of various stakeholders of petroleum mining rights market in China,the paper puts forward some countermeasures and suggestions to the central government from the perspective of interests balance.To implement market-oriented reform of Chinese petroleum mineral rights,we should adhere to the principle of maximum profit,the priority of urgent need and the principle of interest compensation,clearly put forward and reduce petroleum mining rights market access conditions,introduce market competition,improve market trading system,establish a reasonable mechanism of interest distribution and the coordination mechanism of policy and interest.And it is also necessary to establish the supervision and management mechanism of the market-oriented reform of petroleum mineral rights,and the legal protection of the petroleum mineral rights market.