AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
TAIPEI, April 2 Asia Pulse - Foreign oil firms are eyeing the much anticipated opening of Taiwan's petroleum market, which is expected to happen as early as this September as long as related legislation proceeds smoothly.
Exxon-Mobil, one of the largest oil conglomerates in the world, has mapped out plans to establish 10 service stations in northern and central Taiwan initially, in the belief that the market will be opened before long.
Exxon's plan to edge into the local market, which will undoubtedly be followed by similar moves by other international oil firms, poses a threat to the state-run Chinese Petroleum Corp. (CPC) and the Formosa Plastics Group (FPG), the only private oil processor and operator in Taiwan now.
According to Chen Chao-yi, secretary-general of the Energy Commission under the Ministry of Economic Affairs, the legislation of the petroleum management law is expected to be ...