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 DEVELOPMENT OF CHINA'S INDUSTRY |
| In 2008, the total industrial production of petroleum and natural gas exploitation industry achieved RMB1.0409t, up 32.22% year-on-year, with growth rate increasing by 24.27% compared with the same period in 2007. |
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| STATUS OF FOREIGN INVESTMENT |
| According to the statistics of MOFCOM, 19 foreign investment projects in Extraction of Petroleum and Natural Gas industry(Extraction of Petroleum and Natural Gas Industry (Code B07) hereinafter is in accordance with the National Economic Industrial Classification (GB/T4754-2202£©.) were newly set up in 2009, 11 less than that of the same period in the last year, and the amount of the actual utilized foreign capital reached USD 188,750,000, up by 253.73£¥ year-on-year. |
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| COMMITMENTS TO THE WTO AND INTERNATIONAL PRACTICES |
| Petroleum oils & oils obtained from bituminous minerals, crude subject to China National Chemical Import & Export Co. ,China International United Petroleum & Chemicals Co. and China National United Oil Co. for exporting, to China National Chemical Import & Export Co., China International United Petroleum & Chemicals Co., China National United Oil Co. and Zhuhai Zhenrong Company for importing. |
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| DEVELOPMENT OF GLOBAL INDUSTRIES |
| According to the year-end statistics of the world crude oil production and oil and gas reserves issued by American Oil & Gas Journal on December 18th 2006, the world crude oil and gas condensate production was predicted to reach 3.62 billion tons, up about 0.2% over the actual production of 3.61 billion tons in 2005. |
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