China Touts Foreign Access to Oil and Gas Ahead of U.S. Trade Deal
- Overseas firms with net assets of 300 million yuan can apply
- Move is also driven by sluggish domestic production growth
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China said it will open up oil and gas exploration to private and foreign firms, offering further details of a policy that will help assuage concerns over access to the industry ahead of next week’s signing of an interim trade deal with the U.S.