Nation to levy tax on oil exports by foreign partners

时间：2007-07-11 05:46:18

（单词翻译:单击）

July 11 - Tax will be levied1 from August 1 on crude oil exports by foreign partners in offshore2 exploration joint3 ventures, the government said yesterday.

 

But it will grant companies a five-year holiday from the 5 percent export tariff4 if they are executing contracts they have already inked with Chinese partners, the Ministry5 of Finance and the General Administration of Customs said.

 

"The move is aimed at saving domestic resources and bringing the policy for foreign companies in line with that for domestic operators," Gong Jinshuang, a senior analyst6 at the economic and technology research institute affiliated7 to the China National Petroleum8 Corp, told China Daily.

 

China started to levy9 export tariffs10 from November on exports of resource-intensive products, such as oil and metals.

 

Analysts11 said the policy was to save scarce resources and energy, and dampen their exports. As international oil prices soared last year, some companies opted12 to export crude despite the fact that China needs to import more than 40 percent of its domestic crude consumption.

 

August supply of Brent crude was fetching $75.55 a barrel on the ICE Futures13 exchange in London yesterday.

 

It rose to an 11-month high to above $76 a barrel on Monday as rising global oil demand and North Sea field maintenance exacerbated14 supply worries.

 

Levying15 taxes on crude exports is a general practice in many countries, said Han Xiaoping, an energy analyst with China5e.com, a major energy website. "Chinese oil companies in other countries also pay such taxes."

 

The new policy will also provide a level playing field for domestic and foreign companies, which is in line with World Trade Organization principles, he added.

 

China's crude exports, including those by foreign joint ventures, in the first half of this year were 1.82 million tons, down 39 percent over a year earlier, according to Customs data.

 
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1 levied 18fd33c3607bddee1446fc49dfab80c6     
征（兵）( levy的过去式和过去分词 )； 索取； 发动（战争）； 征税
参考例句：
  • Taxes should be levied more on the rich than on the poor. 向富人征收的税应该比穷人的多。
  • Heavy fines were levied on motoring offenders. 违规驾车者会遭到重罚。
2 offshore FIux8     
adj.海面的，吹向海面的；adv.向海面
参考例句：
  • A big program of oil exploration has begun offshore.一个大规模的石油勘探计划正在近海展开。
  • A gentle current carried them slowly offshore.和缓的潮流慢慢地把他们带离了海岸。
3 joint m3lx4     
adj.联合的，共同的；n.关节，接合处；v.连接，贴合
参考例句：
  • I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
  • We wrote a letter in joint names.我们联名写了封信。
4 tariff mqwwG     
n.关税，税率；(旅馆、饭店等)价目表，收费表
参考例句：
  • There is a very high tariff on jewelry.宝石类的关税率很高。
  • The government is going to lower the tariff on importing cars.政府打算降低进口汽车的关税。
5 ministry kD5x2     
n.(政府的)部；牧师
参考例句：
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
6 analyst gw7zn     
n.分析家，化验员；心理分析学家
参考例句：
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
7 affiliated 78057fb733c9c93ffbdc5f0ed15ef458     
adj. 附属的, 有关连的
参考例句：
  • The hospital is affiliated with the local university. 这家医院附属于当地大学。
  • All affiliated members can vote. 所有隶属成员都有投票权。
8 petroleum WiUyi     
n.原油，石油
参考例句：
  • The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。
  • The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。
9 levy Z9fzR     
n.征收税或其他款项，征收额
参考例句：
  • They levy a tax on him.他们向他征税。
  • A direct food levy was imposed by the local government.地方政府征收了食品税。
10 tariffs a7eb9a3f31e3d6290c240675a80156ec     
关税制度； 关税( tariff的名词复数 )； 关税表； （旅馆或饭店等的）收费表； 量刑标准
参考例句：
  • British industry was sheltered from foreign competition by protective tariffs. 保护性关税使英国工业免受国际竞争影响。
  • The new tariffs have put a stranglehold on trade. 新的关税制对开展贸易极为不利。
11 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
12 opted 9ec34da056d6601471a0808ebc89b126     
v.选择，挑选( opt的过去式和过去分词 )
参考例句：
  • She was co-opted onto the board. 她获增选为董事会成员。
  • After graduating she opted for a career in music. 毕业后她选择了从事音乐工作。
13 futures Isdz1Q     
n.期货，期货交易
参考例句：
  • He continued his operations in cotton futures.他继续进行棉花期货交易。
  • Cotton futures are selling at high prices.棉花期货交易的卖价是很高的。
14 exacerbated 93c37be5dc6e60a8bbd0f2eab618d2eb     
v.使恶化，使加重( exacerbate的过去式和过去分词 )
参考例句：
  • The symptoms may be exacerbated by certain drugs. 这些症状可能会因为某些药物而加重。
  • The drugs they gave her only exacerbated the pain. 他们给她吃的药只是加重了她的痛楚。 来自《简明英汉词典》
15 levying 90ad9be315edeae7731b2d08f32e26d5     
征（兵）( levy的现在分词 )； 索取； 发动（战争）； 征税
参考例句：
  • The high tax will be given levying to the foreign country car. 对外国汽车要予以征收高税。
  • Levying estate income tax are considered to be goods tax. 遗产税是在财产所有者死亡后所征收的税。

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