Ministry of Commerce: Support private capital to enter domestic refined oil market orderly

2012-07-02

<Implementation of views for Encouraging and guiding private capital to enter the field of commerce and trade circulation>, the introduction by Ministry of Commerce, said that support the private capital to enter the domestic refined market orderly, guide the private capital attend the storage and retail network of crude and refined oil, aid the conditional private enterprise to enter refined oil distribute market.

Until now private enterprise has accounted for 93% in the flow of commerce in China. In order to make private investment to play more attractive role in the flow of commerce in China, the Ministry of Commerce made this introduction. The reporter got this information from Ministry of Commerce on 27th.

The Large private petroleum enterprise can strength themselves by merger, purchase and associate, to build the independent or technology services petroleum enterprise which linked by capital. Then these enterprises can be more competitive. Private petroleum enterprise can get many kinds of stable oil source, technology and management services. All the above policies are supported in the introduction.

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