The National Agency for Mineral Resources (NAMR) is responsible for granting licences and regulating Romania's oil and gas industry. Under Romania's Oil Law, all subsoil oil and gas belongs to the Romanian state and exploration and extraction rights are granted through concession agreements with NAMR. Romania does not offer production-sharing agreements. The president of the Romanian Mineral Resources Agency has said the country will need to introduce rules and regulations to govern the creation of a shale gas sector. The government is hoping to develop the unconventional source to help reduce imports of Russian gas. Currently there is no licensing regime specific to shale gas, and we believe, due to greater potential in the Black Sea, progress on shale developments will take more time.

The main legislation governing the upstream industry is the Mineral and Petroleum Resources Development Act; the act was amended in March 2014. Under the new terms, the state is entitled to a 20% carried interest in all new projects, and the state may increase its interest up to 100%, either by acquisition or through entering production sharing agreements. In earlier drafts, state ownership was capped at 50%, but this clause was subsequently dropped. The pricing terms for stake acquisition are also unclear, fuelling concerns of asset fire sales, in which the government buys into prospective acreage at heavily discounted rates. Another area of concern surrounds the proposed disbandment of the industry regulator PASA and the wider discretionary powers afforded to ministers.

With reserves of 2.5bn barrels of crude, Uganda has Sub-Saharan Africa's fourth-largest crude reserves, behind Nigeria, Angola and South Sudan. There is limited short-term upside risk to reserves: current exploration and appraisal campaigns have reached an end. However, three blocks were recently awarded as part of the country's first licensing round, launched in 2015, promising some level of exploration activity in the medium term.

近年，美国页岩革命使乙烷产量大幅增加。由于乙烷制乙烯工艺相对石脑油制乙烯具有更好的经济性，在美国及世界范围内（尤其是欧洲），以乙烷为原料的乙烯装置建设呈现蓬勃发展的高潮，为全球聚乙烯等下游产业链的发展带来了机遇，也为中国的乙烷制乙烯及相关产品提供了发展潜力。预计未来5 年主要进口地区的聚乙烯价格将下降5%～10%，全球乙烷原料和乙烯产业链产品的贸易格局也将发生较大变化，低成本的北美聚乙烯将取代部分成本较高的日、韩等国家和地区的产品进入中国市场。文章还讨论了乙烷裂解制乙烯项目潜在的风险，如进口乙烷的物流和未来乙烷价格上升等问题。

介绍了内蒙古自治区煤炭资源的基本情况，分析了内蒙古自治区现代煤化工产业现有项目规模布局、技术发展水平等产业发展现状，采用SWOT分析法对内蒙古自治区现代煤化工产业发展的优势、劣势、机遇与威胁进行了分析。提出了内蒙古自治区现代煤化工产业未来发展应以鄂尔多斯的煤制天然气、煤制烯烃项目为重点，开展蒙中现代煤化工基地建设；以呼伦贝尔、锡林浩特和霍林河地区的煤制乙二醇、煤制天然气和煤制二甲醚项目为主，开展蒙东现代煤化工基地建设。

通过分析全球油气资源分布和勘探发现特征，预测了全球油气勘探发现趋势，总结了重点增储领域。认为全球油气资源供给充分，但分布不均，低成本油气储量发现减少，部分资源国储量基础堪忧。全球常规油气勘探热点主要位于海域，且正从南大西洋两岸中段被动陆缘盆地向南段和北段被动陆缘盆地转移。非常规领域成为全球储量增长的重要组成部分，页岩油气成为全球的勘探热点。保守的预测，全球石油勘探发现处于第二个储量增长高峰期的上升阶段，预计将在2025—2030 年前后达到第二个储量增长高峰，5 年的峰值发现储量为1620 亿桶。大西洋两岸、中东、中亚—俄罗斯地区是常规油气重要增储地区，俄罗斯北极和美国北极将成为油气储量增长的重要一极，页岩油气以外，稠油可能获得大的突破。

国家发改委组织编制的《油气管网设施公平开放监管办法》（下称《办法》）8 月3 日至16 日向社会公开征求意见。发改委表示，起草《办法》是为了提高油气管网设施利用效率，促进油气市场多元竞争，保障油气资源安全稳定供应。

本周基础化工指数较上周上涨4.14%，上证指数同期上涨3.33%，化工指数整体涨幅领先大盘。近日，江苏省、山东省、广东省、天津市、杭州市相继出台了方案整治化工园区、化工厂。大量规范性不到位、装置老旧落后的企业将被实施清退、淘汰。以常州市为例，截至今年上半年，江苏常州已关停化工生产企业355家，占全市化工生产企业总数40%。从一系列的环保行动力度来看，未来行业集中度仍将继续提升，行业经营环境也将持续改善。展望未来化工投资机会，主要依据以下四大主线布局：（1）率先完成全球化布局的优质公司；（2）产业链一体化程度高，形成足够高度的竞争壁垒；（3）细分行业隐形冠军，成长确定性高的公司；（4）行业景气度持续性强，景气关联度高的公司。

芯片产业为皇冠明珠，半导体材料乃立足根本。2014年，国务院公布《国家集成电路产业发展推进纲要》，将发展集成电路产业上升为国家战略，对上游材料提出发展目标，到2020年半导体材料进入国际采购体系。2017年我国集成电路市场规模14250.5亿元，同比增长18.9%，在芯片设计、制造、封装测试的销售额达5411.3亿元，5年年均复合增速20.2%。全球范围内，中国半导体材料的销售额占比逐年提升，2017年大陆地区销售额76.2亿美元，占全球市场16.2%。