Surprise, surprise.

Tom Lehman TLehman at
Sat Aug 26 07:41:27 PDT 2000


+ China's petroleum administrator has encouraged STATE-OWNED OIL

COMPANIES to build up reserves in an effort to control domestic prices.

Once an exporter of oil, China now relies heavily on imports and is

exploring for oil across Asia as well as in Sudan and Peru. Imports

this year are expected to account for one-third of consumption of about

1.5 billion barrels. -------------- next part -------------- An HTML attachment was scrubbed... URL: <../attachments/20000826/664a4cdc/attachment.htm>

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