China to fully open up market for oil and gas exploration

China will fully open up its market for oil and gas exploration, allowing private and foreign enterprises and other social capitals to enter the field of oil and gas exploration and development, Chinese Ministry of Natural Resources said on Thursday.

The participation of various market entities, including foreign capital, private enterprises, and other social capitals, will further stimulate market vitality, a ministry's official told reporters.

(ASIA PACIFIC DAILY)