PetroChina to control fuel exports
(07-22 14:14)
PetroChina (0857) will extend its "strict control'' on fuel exports into the second half of the year as China, the world's fifth-biggest oil producer, seeks to ease a domestic petrol and diesel shortage.
Fuel supplies will remain "tight'' for the rest of 2008, President Zhou Jiping said.
PetroChina, the nation's biggest oil producer, will continue to import refined products and "optimize'' operations to meet rising demand.
China, the world's second-largest energy consumer, has ordered its oil producers to end a fuel shortage as some small, private refineries shut because of government caps on prices and high raw-material costs.
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