Premier Wen
Source: the website of National Government of PRC

◆Strengthen the Macro-Control of Energy with NEC Set-up
The National Energy Commission (NEC) was set up. Premier Wen was appointed as the commission director.
A new opportunity emerged for coal industry.
The pricing mechanism of product oil should account for consumption level in China.
Yong-Fan Zhu, the General Manager of State Grid Corporation of China advocates to promote corporation transformation with developing new energy.
◆Energy Industry Ran Stable in 2009; Oil and Petrochemical Enterprise Are Most Profitable.
Oil supply remains stable, and coal production was recovering.
With strong demand of natural gas, supply picks up.
Sino-Hong Kong Petrol Corporation increased their budget by 10 billion Yuan investing in natural gas project.
China’s consumption of petrochemical products leads in the world with an expected increase of 10% in petrochemical industry.
While stock market slumps, coal market is still prosperous.
Valued 353.1 billion USD, PetrolChina makes the largest corporation.
Qatar petroleum cooperates with CNOOC in setting up a capilene firm in Hainan Province.