RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Private Oil Firms Likely to Get More Supplies
Adjust font size:

On August 14, Zhao Youshan, director of the Petroleum Circulation Committee under China General Chamber of Commerce (CGCC), revealed that the National Development and Reform Commission (NDRC) is mulling over a plan to supply 5 million tons of oil products per year to Chinese private oil firms. This plan is likely to come out this October, he added.

To Mr. Zhao, this is great news. He explained that steady oil product supplies would rejuvenate Chinese private oil firms. According to him, out of the country's 50,000 private gas stations, 10,000 are running out of oil; 40,000 have to rely on imported fuel oil and about 2,000 stations, have to produce oil with chemical raw materials.

Under such harsh circumstances, more than 30 private oil firms have debated selling their gas stations to foreign-invested companies. But it is revealed that after hearing about NDRC's plan, they have changed their minds and decided to wait and see.

For more details, please read the full story in Chinese. (http://www.bbtnews.com.cn/news/today-top/1898.shtml)

(China.org.cn August 15 2007)

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
Most Viewed >>
-Commercial banks allowed to access futures market
-WB cuts China's 2008 GDP growth to 9.6%
-Economic policy needs 'rethink'
-Coal reserves at China power plants up
-Macao's gaming market expands further

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号