GLG News Analyses of the following article:
Exxon, Prospecting for Growth, Flips the Switch on Chinese Plant
Published at: online.wsj.com
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Chinese Downstream Oil Sector Entering a New Stage of Multi Player Competition
November 12, 2009
The Chinese downstream oil sector began entering a new stage of development since early 2009, when CNOOC turned its first world-class refinery into operation in Guangdong Province. And Increasing market competition is also opening opportunities to active international oil companies. The new multi player competition scenario will no doubt produce significant influences on the Chinese downstream oil sector.
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