Others News
- Oil supply to return to normal soon
Date: 29-Nov-2007 Sources: (Shenzhen Daily)
CHINA'S oil supply would soon be back to normal after the government took measures to boost output and crack down on hoarding and illegal price hikes, domestic media said yesterday.
Top Chinese oil producers PetroChina and Sinopec have been ordered to expand the supply of crude to small refineries, the Shanghai Securities News reported, citing China's top economic planning agency. Experts estimated that this would help boost output of local refineries across the country by at least 20 percent, the report said.
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