Xinjiang oil, gas tax to impact local energy firms' bottom line
By Xiao Wan | China Daily | Updated: 2010-06-03 07:54
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PetroChina employees work at an oil rig in the Karamay oilfield in Xinjiang Uygur autonomous region. PetroChina has 10 percent of its oil and gas production in Xinjiang. Qilai Shen / Bloomberg News |
BEIJING - A pilot reform program to introduce a 5 percent tax on gas and oil producers in the Xinjiang Uygur autonomous region will moderately impact domestic energy companies' profits this year, said analysts.
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