Chinese Oil Traders See Economy Benefit as Import Rules Ease

摘要

China is opening up its crude-import market to private companies quicker than expected as the government looks to ease an economic slowdown,according to the general manager of oil trader China Zhenhua Oil Co.Allowing more private companies to import crude will help independent refiners increase output and boost revenue,China Zhenhua’s Yuan Jun said in an interview.The government’s next move will be to allow more exports of oil products,he said.'The crude oil market