SHANGHAI OIL & GAS EXCHANGE
The country's first oil and gas exchange started trial operations on July 1, a move one expert said would promote market-oriented pricing of gas.
The exchange in Shanghai has registered capital of 1 billion yuan and 10 shareholders. State-run Xinhua News Agency has the largest stake – at 33 percent – followed by the country's Big Three oil and gas producers. China National Petroleum Corp. (CNPC), China Petrochemical Corp. Group and China National Offshore Oil Corp. each own 10 percent.
The National Development and Reform Commission, the country's top economic planner, and the National Energy Administration will…
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