China`s largest rare earth firm expects profit plunge
Source: www.chinamining.org Citation: Xinhua Date: January 16, 2016
Chongqing Oil and Gas Trading Center was set up Thursday to deepen energy price reform and enhance international energy cooperation, China`s top economic planner said.
It is the second national-level trading center for the commodity market following Shanghai Oil and Gas Trading Center founded in 2015.
The new trading center aims to further deepen China`s oil and gas price reform and strengthen energy cooperation with overseas countries, sources with the National Development and Reform Commission said.
China`s southwestern city Chongqing has rich oil and gas resources and plays a leading role in the exploration and production of shale gas across the country.
Shareholders mainly come from large enterprises in the oil and gas industry.
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