{"id":309888,"date":"2020-01-10T12:02:05","date_gmt":"2020-01-10T06:32:05","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=309888"},"modified":"2020-01-10T12:19:08","modified_gmt":"2020-01-10T06:49:08","slug":"china-to-open-oil-gas-exploration-production-to-foreign-firms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/china-to-open-oil-gas-exploration-production-to-foreign-firms\/","title":{"rendered":"China to open oil, gas exploration, production to foreign firms"},"content":{"rendered":"<p>BEIJING: China will allow foreign companies to take part in oil and gas exploration and production in the country, in what officials hailed Thursday as a &#8220;major reform&#8221; opening up the industry.<\/p>\n<p>The Ministry of Natural Resources said foreign firms registered in China with net assets of not less than 300 million yuan ($43 million) will be eligible to obtain oil and gas mining rights.<\/p>\n<p>The change takes place from May 1 and also applies to domestic companies.<\/p>\n<p>&#8220;Opening to both domestic and foreign enterprises is a major reform measure,&#8221; said Deputy Minister of Natural Resources Ling Yueming at a news conference.<\/p>\n<p>In the past, international companies could only enter the industry by working with Chinese firms, such as state-owned enterprises.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING: China will allow foreign companies to take part in oil and gas exploration and production in the country, in what officials hailed Thursday as a &#8220;major reform&#8221; opening up the industry. The Ministry of Natural Resources said foreign firms registered in China with net assets of not less than 300 million yuan ($43 million) will be eligible to obtain oil and gas mining rights. The change takes place from May 1 and also applies to domestic companies. &#8220;Opening to both domestic and foreign enterprises is a major reform measure,&#8221; said Deputy Minister of Natural Resources Ling Yueming at a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-309888","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/309888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=309888"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/309888\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=309888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=309888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=309888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}