CHINA'S OIL GAS RULES DOWN
PLATTS - China has lifted restrictions on foreign investment in its conventional oil and gas upstream and city gas distribution sectors, in an attempt to boost resource development, and setting the stage to break the monopoly of national oil companies.
The new policy, which will take effect on July 30, is part of a wider swathe of ongoing market reforms aimed at opening up Chinese industries to foreign companies, and comes on the backdrop of the trade conflict with the US.
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