Petroleum & Natural Gas Industry's WTO Commitments
1. Export &
Import Rights
Trading crude oil, petroleum oil and oil obtained from bituminous minerals
exports where crude oil is subject to the China National Chemical Import &
Export Co, China International United Petroleum & Chemicals Co and the China
National United Oil Co; the trade of imports is subject to the China National
Chemical Import & Export Co, China International United Petroleum &
Chemicals Co, China National United Oil Co and the Zhuhai Zhenrong Company;
natural gas and natural gas in gaseous state are subject to State pricing.
2. Import duty
Line pipe used for oil or gas
73051100 --Longitudinally submerged arc
welded, 7 percent
73051200 --Other, longitudinally welded, 6.5-3 percent in
2003
73051900 --Other, 7 percent
73052000 -Casing used in drilling for oil
or gas, 7 percent
73061000 -Line pipe used for oil or gas pipelines, 7
percent
73062000 -Casing and tubing used, 6.5 percent down to 3 percent in
2003
3. Limitations to market access
Commercial presence:
-Offshore oil-field services, geological, geophysical
and other scientific prospecting services (CPC 86751)
Only in the form of
petroleum exploitation in cooperation with Chinese partners
-Onshore
oil-field services
Only in the form of petroleum exploitation in cooperation
with the China National Petroleum Corp (CNPC) in designated areas approved by
the Chinese government
To carry out a petroleum contract, the foreign service supplier will
establish a branch, subsidiary or representative office within the territory of
the People's Republic of China and go through registration procedures in
accordance with the law. The domiciles of the said offices will be determined
via consultations with the CNPC.
The foreign service supplier will open an account at a bank approved by
Chinese authorities to engage in the foreign-exchange business within the
Chinese territory.
4. Limitations on national treatment
-Offshore oil-field services, geological, geophysical and other scientific
prospecting services (CPC 86751).
There are no limitations on cross-board supply and consumption aboard.
The foreign service supplier will furnish the CNPC accurately and promptly
with reports on petroleum operations and will submit data and samples, as well
as various technological, economic, accounting and administrative reports
related to petroleum operations to the CNPC.
The CNPC will have full ownership of all data records, samples, vouchers and
other pieces of original information acquired during the implementation of the
petroleum operations. Investments by foreign service suppliers will be made in
US dollars or other hard currencies.
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