Study On Financing Model Of PetroChina Overseas Project

In the year 2009 when financial crisis stroke, CNPC speeded up its international petroleum investment, and purchased enormous petroleum projects by availing itself of favorable low fluctuation of oil price. Raising funds has become an essential issue affecting overseas development strategy of companies. The problem existing in unoptimistic financing model of overseas petroleum manifested itself mainly in financing system delay,high financing risk,single financing channel and irrational financing structure,lacking-innovation financing model. The third chapter is status guo analyzing, illuminating PetroChina overseas project financing inducement,circumstance,risk,channel,administrative system. In the fourth chapter explaining the basic thought of PetroChina overseas project financing design at first. Including the fundamental of the Choice of standard features and the optimal financing structure. Then designing the financing modes, according to from inner to outside, from simple to complication, from tradition to innovation, suggesting PetroChina should expand it's financing modes further. At last taking the solution in financing management, consummating the financial model further.At the end of this thesis, The paper expatiates the optimization suggested in operating of Financing Model of PetroChina Overseas Project. In order to constructing scientific financing decision system in decision making process, financing decision should be an essential component of enterprise's strategy, its restraint mechanism should be strengthened, its influencing elements should be considered comprehensively, and its methods should be scientific. Tax planning ideas such as thin capitalization,transfer pricing,international tax agreement should be applied in financing program. In cultivating international talents, more attention should be paid to introduce international financial talents, to cooperate with famous universities, as well as to reinforce the training of financial workers who are on the job . Supporting strategy for promoting China's finance and tax includes the following parts: reducing and exempting taxes on overseas petroleum development , establishing investment funds for overseas petroleum development, establishing investment funds for overseas petroleum project. And setting up supporting system for overseas petroleum financing.