Legal reforms opening doors to foreign investment in China's oil, gas sector

China's energy challenge—2Portions of this article first appeared in China Law & Practice, February 2004, 18(1), pp. 19-27 and is reproduced with the permission of Euromoney (Jersey) Publications (Jersey) Ltd.The China energy challenge creates both risks and opportunities for foreign investors.Opening China's oil and gas sector to foreign investment is seen as one way to raise production capacity and stimulate output, but this inevitably leads to a dilemma as the government seeks to keep its state companies competitive.To meet its World Trade Organization accession commitments, China amended regulations governing foreign investment in both its onshore and offshore oil and ga...

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