SALES BAN ON GAS, OIL TO STAY
AsiaInfo Services, July, 2001
AsiaInfo Services 07-26-2001 Sales Ban on Gas, Oil to Stay CHINA, Jul 26, 2001 (AsiaPort via COMTEX) -- Foreign companies will still be forbidden to sell oil and gas from their production activities in China directly to local customers, even shortly after China's entry into the World Trade Organization (WTO), according to soon-to-be-released regulations. An official from the Ministry of Land and Resources said the sales limitation for foreign companies is included in draft amendments of regulations on oil and gas co-operation with foreign companies, which have been submitted to the State Council for approval. The draft amendments aim to trim current regulations that go against the WTO requirements. "The draft amendments state that foreign companies can sell oil...
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