Article: CHINA PUBLISHES REFINED OIL OPERATION MANAGEMENT RULES


AsiaInfo Services
12-16-2004
China Publishes Refined Oil Operation Management Rules

CHINA, Dec 16, 2004 (SinoCast via COMTEX) -- On December 8, the Ministry of Commerce of China published refined oil operation management rules, which will be implemented from January 1, 2005.

According to the rules, the Ministry of Commerce of China will be the watchdog in Chinese refined oil market, and the commercial departments of all the provinces and regions should take control of its own area.

The regulations also specify the management of refined oil's wholesale, storage and retail operations.

Insiders think that refined oil is the crucial material for ...

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