Draft rules for oil-trade cause concern

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clpstaff

By the end of 2006, pursuant to its agreement with the World Trade Organization, China will allow foreign companies into the business of distributing petrol…

By the end of 2006, pursuant to its agreement with the World Trade Organization, China will allow foreign companies into the business of distributing petrol and other oil products from refiners to filling stations, which to date has been dominated by the state-owned Sinopec and PetroChina.

Foreign oil companies are currently allowed to operate a limited number of filling stations independently or as part of a larger network with domestic partners.

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