China’s Commerce Ministry has announced further relaxation of rules to allow more companies to enter the country’s downstream oil business including operating retails stations and storage terminals. The previous regulation allowing only state companies Sinopec and CNPC to build retail stations has been lifted in exchange for China’s entry into the World Trade Organisation. Entrants…
CHINA: Commerce Ministry lifts regulation on retail and storage operations
Posted on January 24, 2005 by EnergyAsia