Chinese Oil Giant Calls for Government Support of Shale Projects ...Middle East

China’s government should do more to back shale oil projects in the country through preferential tax treatment for the sector, one of the biggest state-owned oil and gas giants says.   The authorities need to roll out financial support policies and preferential taxes for the shale industry in China, Ma Yongsheng, chairman of China Petroleum & Chemical Corporation, or Sinopec, said on Wednesday, as quoted by Reuters. China has a lot of shale oil reserves, but their extraction is more complex than in the U.S. due to geology constraints,…

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