委内瑞拉新暴利税对中国石油企业投资项目的效益影响及应对策略  

The inf luence of Venezuela's new windfall tax on the benefits of Chinese oil enterprises' investment projects and countermeasures

作　　者：黄继越 于开敏 赵新华 

机构地区：[1]中国石油南美公司

出　　处：《国际石油经济》2012年第8期52-58,109,共7页International Petroleum Economics

摘　　要：2011年新颁布的委内瑞拉暴利税法,是委内瑞拉继2007年将石油工业国有化之后针对油气行业的又一重大举措。新暴利税法案中最高税率为95%,且起征点油价从70美元/桶下调到40美元/桶。新暴利税颁布后,外国石油投资者在委的石油投资收益空间被进一步挤压,延长了投资回收时间,增大了投资风险。对中国石油企业来说,新暴利税恶化了项目的收益,特别是重油项目的收益。石油投资企业须利用好新暴利税法案中的免征条款,降低其不利影响。为了降低中委合作风险,建议中国石油企业推动国家层面的对话;加强与国外石油公司的合作;增强内部的风险管控能力;提高服务队伍技术水平。Venezuela's new windfall tax law promulgated in 2011 is another major measure of Venezuela for oil & gas following the nationalization of the oil industry in 2007.According to the new law,the maximum tax rate is 95% and the tax threshold for oil price is reduced from 70 dollars per barrel to 40 dollars per barrel.With the promulgation of the law,the incomes of foreign oil investors from investment in Venezuela's oil are further reduced,investment payback is delayed and investment risks increase.For Chinese oil enterprises,the new windfall tax results in the degradation of project proceeds,in particular,proceeds from heavy oil projects.Oil investors shall use the tax exemption clauses in the new law to their advantage and reduce adverse influence.To mitigate the risks in China-Venezuela cooperation,China's oil enterprises are recommended to:encourage dialog at country level,strengthen cooperation with foreign oil companies,enhance their internal risk control capacity and improve the technical competence of their service teams.

关 键 词：委内瑞拉 新暴利税 中国石油企业 石油税收 效益 风险 应对策略 

分 类 号：F426.22[经济管理—产业经济]