From Xinhuanet: “According to China Business News, China will open the retail market for product oil on December 11. When foreign giants such as the BP Company of Britain and SK Cooperation of South Korea are busy carrying out their “Enclosure Movement” in the oil product market, the Shell Company goes against the trend by investing heavily in the exploration and exploitation of oil shale in Jilin Province in Northeast China.What’s more noticeable is that Shell didn’t select CNPC (China National Petroleum Cooperation) or Sinopec (China Petrochemical International Co., Ltd.) as its partner this time, both of which have the privilege to cooperate with foreign companies in exploitation of continental oil, but contacted and cooperated with the relevant department of the local government directly. ”
Will China loose its policy on exploiting oil?
Posted by Xiao Qiang | Dec 8, 2004