The central government yesterday announced rules regulating the wholesale of oil products before the sector's opening to private firms on Monday, although analysts said the move will not keep state-owned firms from dominating the market as imports are still restricted.
As its name suggests, PetroChina Company Ltd is the listed arm of state-owned China National Petroleum Corporation (CNPC). It is China's biggest oil producer, and is listed in Hong Kong, New York, and Shanghai.
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