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China opens oil, gas exploration and production sector to private, foreign firms

Last updated on January 11, 2020

China will open up its oil and gas exploration and production sector to private and foreign companies, offering further details of a policy that will help assuage concerns over access to the industry ahead of signing of a phase one trade deal with the US next week.

Companies with net assets of at least 300 million yuan ($43 million) are eligible for permits, China's Ministry of Natural Resources said at a news briefing on . . .

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