VOL. XLII

No 44

1-November-1999

CHINA

FACTS Report On Oil Industry And Market Developments InChina

The following paper was originally published as EnergyAdvisory No. 235 in September 1999 by the Hawaii-based energy consulting firmFesharaki Associates Consulting and Technical Services, Inc. (FACTS Inc.).

Executive Summary

In 1998 and 1999, China restructured its huge petroleumindustry, reformed its oil price regime, and adopted several restrictivemeasures ranging from a near total ban on diesel and...