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Ministry of Commerce request increase in domestic oil supply |
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15:10, June 23, 2008 |
China's Ministry of Commerce issued a circular saying that the China National Petroleum Corporation (CNPC) and China Petrochemical Corporation (Sinopec) will have to work harder to organize refined oil imports and increase the domestic market supply; meanwhile strictly control finished oil product exports.
The circular also stressed the need to focus on market dynamics and the reaction to rising oil prices; effectively monitor as well as procure and analyze the local retail and wholesale prices of refined oil.
By People's Daily Online
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