国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

State breaks own monopoly in oil trade

By Shan Juan (China Daily)
Updated: 2007-03-26 13:54

China has issued new guidelines on private companies' entrance into crude and processed oil wholesale business, further breaking the State monopoly in the market.

Related readings:
 Earlier promulgation of anti-monopoly law expected
 China mulls higher taxes on oil, other resources
 Monopoly enterprises under tigher auditing scrutiny

The guidelines in the form of two documents, released by the Ministry of Commerce (MOC) over the weekend, gives details of how domestic and overseas companies can apply to enter the crude and processed oil market.

Domestic private companies' applications would need 40 working days to be processed, while those of overseas ones would need four months.

The rules offer a level playing field to overseas and overseas-funded companies in the country's wholesale oil sector.

Also, the market access threshold for domestic companies has been largely lowered. The earlier restriction on the number of gas stations a private company could own has been lifted.

The guidelines are based on two regulations issued by MOC last year, which was aimed at breaking the monopoly of State-owed enterprises in the oil market, Xinhua News Agency has reported. The regulations were in accordance with China's commitments to the World Trade Organization (WTO), and opened up the oil market to overseas and domestic private players from December 11, 2006.

Before that, the government used to control the wholesale crude market through the country's two biggest oil firms, China National Petroleum Corporation (CNPC) and China Petroleum and Chemical Corporation (Sinopec).


(For more biz stories, please visit Industry Updates)



广河县| 凤山县| 南岸区| 拜城县| 鹤庆县| 安仁县| 建阳市| 凌海市| 青海省| 洪江市| 海盐县| 保亭| 万源市| 青州市| 股票| 龙陵县| 温州市| 中卫市| 成武县| 科技| 沈丘县| 隆化县| 五华县| 嵊州市| 乌兰县| 长泰县| 西和县| 温州市| 名山县| 罗城| 淮滨县| 武山县| 嵊州市| 夹江县| 北京市| 政和县| 兴业县| 兰州市| 定州市| 晋江市| 耒阳市|