State breaks monopoly in oil trade
文章来源: 文章作者: 发布时间:2007-03-27 06:43 字体: [ ]  进入论坛
(单词翻译:双击或拖选)
Mar1.26 - China has issued new guidelines on private companies' entrance into crude and processed oil wholesale2 business, further breaking the State monopoly in the market.

 

The guidelines in the form of two documents, released by the Ministry3 of Commerce (MOC) over the weekend, gives details of how domestic and overseas companies can apply to enter the crude and processed oil market.

 

Domestic private companies' applications would need 40 working days to be processed, while those of overseas ones would need four months.

 

The rules offer a level playing field to overseas and overseas-funded companies in the country's wholesale oil sector4.

 

Also, the market access threshold for domestic companies has been largely lowered. The earlier restriction5 on the number of gas stations a private company could own has been lifted.

 

The guidelines are based on two regulations issued by MOC last year, which was aimed at breaking the monopoly of State-owed enterprises in the oil market, Xinhua News Agency has reported. The regulations were in accordance with China's commitments to the World Trade Organization (WTO), and opened up the oil market to overseas and domestic private players from December 11, 2006.

 

Before that, the government used to control the wholesale crude market through the country's two biggest oil firms, China National Petroleum6 Corporation (CNPC) and China Petroleum and Chemical Corporation (Sinopec).

 



点击收听单词发音收听单词发音  

1 mar f7Kzq     
vt.破坏,毁坏,弄糟
参考例句:
  • It was not the custom for elderly people to mar the picnics with their presence.大人们照例不参加这样的野餐以免扫兴。
  • Such a marriage might mar your career.这样的婚姻说不定会毁了你的一生。
2 wholesale Ig9wL     
n.批发;adv.以批发方式;vt.批发,成批出售
参考例句:
  • The retail dealer buys at wholesale and sells at retail.零售商批发购进货物,以零售价卖出。
  • Such shoes usually wholesale for much less.这种鞋批发出售通常要便宜得多。
3 ministry kD5x2     
n.(政府的)部;牧师
参考例句:
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
4 sector yjczYn     
n.部门,部分;防御地段,防区;扇形
参考例句:
  • The export sector will aid the economic recovery. 出口产业将促进经济复苏。
  • The enemy have attacked the British sector.敌人已进攻英国防区。
5 restriction jW8x0     
n.限制,约束
参考例句:
  • The park is open to the public without restriction.这个公园对公众开放,没有任何限制。
  • The 30 mph speed restriction applies in all built-up areas.每小时限速30英里适用于所有建筑物聚集区。
6 petroleum WiUyi     
n.原油,石油
参考例句:
  • The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。
  • The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。
TAG标签:
发表评论
请自觉遵守互联网相关的政策法规,严禁发布色情、暴力、反动的言论。
评价:
表情:
验证码:点击我更换图片