Oil Companies at Dawn of Competition

摘要

China has recently released the "Regulation of Crude Oil Market Management" and the "Regulation of Refined Oil Market Management" in an effort to further open China's petroleum market to the outside world and promote market-orientated reform in oil distribution. This is set in the context of China's WTO transitional period having drawn to an end. The regulations indicate that the government is serious about fulfilling China's WTO obligations.