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1、 第 页 1. 31.1.31.1.1. 31.1.2. 41.1.3. 51.2.91.2.1.91.2.2.85.4% 1.2.3. 121.2.4. 142. 172.1.182.1.1. 182.1.2.192.1.3. 232.2.252.2.1. 262.2.2. 292.2.3. 312.3.332.3.1.342.3.2. 362.4.382.4.1.201822.47% 382.4.2.IMO382.4.3. 392.5.4175%75%1. 1.1.211.1.1.21122017 BP2018BP20183BP2018/1.1.2.42017 BP201852017620

2、17 BPBP2017201784%40.6%84%40.6%25.31%72017 82017 201720172017 54.28%14.22%92017BP20181.1.3.BP1020172017 201750%20171BP201320172BP20132017201742%17.3%201742%17.3%2017 2502001501 00500BP2018()M100)()M100)()()12132017 90807060504O3020BPBP6.7%M10060%6.7%M10060%142017152017 201733.6%201733.6%201753%42%1.

3、2.201753%42%1-1-253221-15-36010162-25-122132-4313-13234631-50-64526274-15-75-33365115154121153-2512-34-17-2-33-52-182042-10-13-803-11-29-9-13-5-2-2-31-9-11-30-4-27-12-31-90-1-54-16-42-160-17-92/127043-133-91-100/1.2.1.170%80%270%80%BP/201775%BP/201775%16174 0000800050,700060002O200020022003200420052

4、006200720082009201020112012201320142015201201BP181914000140.1 0001 20 0080pp ppjgpp78*.*76*.80001 000074600008000400040N702000204OOO2000d65J=T*. %BPBP/70%201570%201520214500120108%3500300080104%25000000102200720082009-2010J=2011201 2201320142015*. %20162017BP/BP/80%80%2017BPCLHPCLIndian

5、 Oil Corporation/1201.2/3.5900/1.2.2.2017BPCLHPCLIndian Oil Corporation/1201.2/3.5900/10.9485%10.94JODI201719.62%JODI201737.71% 100%100%22232017 JODIJODI24257250 00200 00150002-25BP/BP1231.2.3.010232627 BP/BP/20172017201445%50%2017 201445%50%1132.590% 20% 2829BP/BP/95%95%10494620.1 20172017411710.49

6、2018102017201741175.5442074190520174.230311400j pp80%1 200120070%80050%60080%80040%60%40020%20%BP/BP/20172017/13.4%17/20172017/13.4%17/2017/26%60%4%44%1.2.4.2017/26%60%4%44%32331 200180N800120%7008006004000400jQQ20020BP/BP/9100220/13027.5/40/9100220/13027.5/40/202530/202530/34351B001 2001b0014004 00

7、0120080078*.*800400076600744002O200200BP/BP/3637140012001200) 0008008080080600004QQ4075BP/BP/ 1500/270186.7%/35%2017 270186.7%/35%BP/85%22/1000/800/202020179BP/85%22/1000/800/202020179/5%BP01820198/412017216%/3839900800700600805004002002O1 00j gp406001401 g120%160400801 208002O2020BP/BP/2. 1.8963.46

8、%1.8920186.481.26%6.95%6.481.26%71.24% 63%201763%201564.69%20174.2424363-65%2017 2.1.82/20136.93/201882/8.35%4.94%2017201868008.35%4.94%1/2017/1000/20185001000232019/ 20002019/20222/20222/2.1.1.2000/8.8220185006800/2018 2000/8.8220185006800/4445/201720172000201820001600320152018201820001600350%6.102

9、.1.2.50%6.10/20901300/570/5.71/70%30% /20901300/570/5.71/709.57% 462018462018472017482017 /48.87%35.30%8.16% 10002200 33.37%19.23%2229271172278298302155049802090177082061040/49504 3500180 3300180220 26002593600 240 33130020177100020171050020181010002019 2000202010002020160020202000-600-1600-20181.6/

10、80%1910/750/570/20181.6/80%1910/750/570/515244533 19-133251740528020345()/()2018-20192360/47.65% /662017202020172020201720203803804400460610161600300300330056056010100089089012.512.5003606404400630790000034046066004504502525008046000007009504400740740330050060025250090090066005806808800()10030000001

11、3013000003807600000210310000070706600181800004204204400755755131300142752010004004006600160160330022022000006206204400780780101000890990121201001901904400720920880035038033009709705050005906302424001101100000150450000011601160101000370370666600150150550018034000004604600000VS1VS/1029/2015251/2201525

12、15354 2.1.3.20182.1.3.2018201836024.100.58%201720994217376611.5/539.413887.70/4770.35556572007-201858 592017/2018 602018 20182018 360340.58% 360341.381.25 201831954-0.72% 20184607.6409012.65%7.10% 409085%20180.72%85%20180.72%2.2.IMOIMO2020 12017120172018 IMO 2020 23.42%23.42%32019201961/82%82%626320

13、17 2.2.1.20182019 2014 12.17%12.50%2.66%20181-1212644.263.42%2018 665+6652018-1.84% 2018646566 2018672018 160 002008%1601 20004 00007%68060004%602O20002007200920102011201220132014200246%5%2016200246%20172017682002-2016692016 140002O2.035682002-2016692016 140002O2.0351.8P%702013-20177120

14、17 76.78124.735.04%50%202062.45%76.78124.735.04%50%202053.03%201820173%3%722016 737475 2.2.2.201720182017 166741.24%2016 201820181-1215594 6.48%201812017 276772002-201860%2016 65.73%8.39%7.76% 78792016 201720172017 20172017201620168081 8283WindWind2018 20202017 2018 2018 IMO 2020IMO202010.5% IMO 202

15、0 2.2.3.2017201773.4%83.4%20183716.0973.4%83.4%201820191191.8714 5 28.3%3737 84852002-20188-10%58-10%586872016 Wind10%201910%7485010.8%13.05%4000371610%20192018 13.05%4000371610%2019297.8%1567154297.8%1567154122.3.1288892015 350004500gq)250002000025001500020001 00001500500201590911 000120007876*.800

16、0704OOOd65BP20184607.5720184607.57128823622.47%185313411.72%2.3.1.20172017 1051/1719/13138.47% 45.453.2%28.49%2.42%11.62%0.23%40837.97%45.453.2%28.49%2.42%92932017 7717%17%-17%12%12%17%-17%20062120062120092009 2015201588942018 952018 /201745%2016201745%17%2017 2018201810% 201892#FOBFOB92#92#FOBFOB92

17、#4800201815.63% 4800201820182.3.2.20180#0#9692#97/2014-2017700-1000200-400700-100020183-9 200-400 98201899qQQ5278005007006005 3920010020181012018 542018 3126431405077.28% 312643110.64%20184050750687 201840502.4.201820182.4.1.201822.47%20172017201760% 20181287.71-DubaiFOB 20193/415% 102103699/4.3%126

18、99/4.3%12/20172.6%2.4.2.IMO 20172.6%20187.80%201820172017 97226%/90270/1.2%/90/26%/90270/1.2%/90201726.04% 19.71% 0.5%120202019IMO 20202-3IMO20200.5%120202019IMO 20202-3104#92 105/2.4.3.201820182018412.71466.861061072011820118201729.85%14.37%20132%10.4 .429.85%14.37%20132%10.42013 3.82017139.410.57%3.82017139.42652017/0.5%/1.8%308/53.31%35.98%2652017/0.5%/1.8%308/2.5.1082017 1092017 /995002018106002018 200020181

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