BEIJING — Environmental regulators have taken the unusual step of blocking China’s two biggest oil producers from expanding their refining capacity after they failed to meet targets for reducing pollution.
The penalties for PetroChina and Sinopec are a fresh blow to China’s state-owned oil industry following this week’s announcements that four senior executives are under investigation for unspecified offenses.
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The Associated Press via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/rJUda71Uk38/
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