Study On Economic Evaluation Of Oil Depot Project

With the rapid development of China’s economy, consumption on energy is increasing highly, especially oil consumption. Meanwhile, data shows that China’s degree of dependence on imported oil is increasing. Thus, strategic energy reserve like oil is a major issue facing China’s modernization drive. Oil depot construction can effectively bulk up China’s oil reserve which is of great significance at country level.As the initial investment of oil depot construction is huge, a rational economic evaluation system should be set up to ensure that the investment meets the demand of social economic development. Based on the research status of economic evaluation, this paper firstly discusses and summarizes the related research outcomes through access to the domestic and international literatures, systematically selects economic evaluation methods and theoretically elaborates economic evaluation content and methods of this project. Then, this paper briefly introduces the construction project of NingBo oil depot and reasons the feasibility of this project through market supply-demand analysis, financial evaluation analysis and uncertainty factor analysis.Based on the comprehensive project management, project evaluation, marketing, financial management and other disciplines on the basis of the theory, the oil depot construction project economic evaluation methods are discussed, including the rational analysis and evaluation index system and choosing the statistical data analysis, to project the financial net present value, internal rate of return, investment recovery period, flow rate, velocity ratio of financial indicators of profitability and solvency computation and analysis, as well as the project risk identification, and analysis of balance of profit and loss of oil depot, environmental impact assessment, so that the overall argumentation depot project investment in economic rationality and feasibility.