By King & Wood Mallesons Oil & Gas Team
The Catalogue of Industries for Guiding Foreign Investment (2015 Revisions) (NRDC & MOFCOM Order No. 22) (《外商投资产业指导目录（2015年修订）》〔国家发展和改革委员会、商务部令第22号〕) (“2015 Catalogue”), issued by the National Development & Reform Commission (“NDRC”) and the Ministry of Commerce (“MOFCOM”), takes effect April 10, 2015, and revises some investment categories affecting the oil & gas sector. Among these revised categories are those affecting investments involving enhanced oil recovery technology (“EOR”), as well as seismic companies, drilling contractors and well service providers. In addition, other changes appear to further clarify that investments into shale and other unconventional oil & gas projects are governed by the same rules and restrictions as those applying to conventional oil & gas investments.
Continue Reading Changes to PRC FDI policy affecting the oil & gas industry