1. Selling to Survive.
- Author
-
Tan Wei
- Subjects
- *
SERVICE stations , *ASSETS (Accounting) , *FOREIGN investments , *PETROLEUM industry , *ENERGY industries - Abstract
The article reports that private gas stations and oil depots in China are forced to sell packaged assets to foreign buyers after struggling with gas shortages for nine years. It cites that the predicament facing private gas stations offers foreign investors a good opportunity to enter the energy market in China. It states the development of a plan by the National Development and Reform Commission (NDRC) to directly supply oil products to private oil retailers.
- Published
- 2007