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IS - China opens the door for direct foreign O&G investment - September 2019
International O&G companies have new opportunities for investment after China lifted restrictions on foreign investment in its conventional upstream and city gas distribution sectors with a policy that took effect July 30. Previously, upstream companies were required to form JVs with one of China’s Big Three—CNPC, Sinopec and CNOOC— to operate in the country. Operators would bear 100% of exploration costs and the national oil company would retain the right to back in for......
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