China’s State Council has given its permission for private firms to import crude oil. This year it allows 10 private companies to import up to 30 million tons of crude oil as part of the government’s liberalization policy. The 10 enterprises will be granted oil-import franchises, allowing them to import oil through the China National Petroleum Corporation and Sinopec. Last …
China to build up to 8 nuclear power plants in 2015
The China Nuclear Energy Association revealed that six to eight additional nuclear power stations will start construction in 2015. Furthermore, eight new nuclear plants will be connected to the grid this year. The new nuclear power stations that will be put online this year and the construction of up to eight more will help China achieve its goal of having …