NDRC mulls allowing private companies to enter oil sector
By Xie Chuanjiao | China Daily | Updated: 2007-03-23 07:30
The top planning body is considering opening the State-monopolized oil market to the private sector players, a senior official said yesterday.
"We are studying the possibility of gradually opening up the oil market to allow competition," said Bi Jingquan, vice-minister of the National Development and Reform Commission (NDRC).
"Private enterprises will be guided into investing into building transfer and storage facilities for petroleum businesses."
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