This Day, That Year

Item from July 11, 1983, in China Daily: China Petrochemical Corp was established today to accelerate the development of the oil and gas sector.

The company will be responsible for the overall planning and management of the production and the import and export business of the country's petrochemical industry.

For the past few decades, China's oil and gas sector has been dominated by three State-owned heavyweights: China National Petroleum Corp, China Petrochemical Corp and China National Offshore Oil Corp.