Since October 2008, Private oil companies in China have been urging one another to take advantage of the Anti-Monopoly Law(AML) to secure a stable supply of oil and avoid over-reliance on the country’s two major oil producers for survival. They want new policies to create a level playing field. Currently they depend on the oil supplies of the China National Petroleum Corporation (CNPC) and the China Petroleum and Chemicals Corporation (Sinopec) as they are forbidden by law to extract or import their own.
Continue Reading How Private Oil Companies Face the Anti-monopoly Law in China