Cooperation between the People Republic of external resources exploitation of the land-based oil

1，Protecting the oil industry development and promoting international economic cooperation and technological exchanges with the enactment of this Ordinance.

2，in the People's Republic of China-foreign cooperation in the exploitation of oil resources activities o，n land must comply with the Regulations.

3，Oil resources in the People's Republic of China belongs to all countries.

4，Chinese government protects participate in the cooperative exploitation of the land-based oil resources exploitation of the foreign enterprises and investment activities and other legitimate rights and interests of profit.

5，Countries participating in the exploitation of oil resources in land investment and foreign enterprises do not impose in.

6，Authorized by the State Council departments or units responsible for the approval of the State Council of regional cooperation within blocks of cooperation, establish cooperation, the organization planning and policy formulation.

Chapter 2: The foreign contractual rights and obligations

1，The National Petroleum Corporation and foreign enterprises cooperation mining land-based petroleum resources must be entered into the contract

2，Foreign contract can according to the contract agreement, from the production of oil recovery in investment and costs and obtain compensation.

3，Foreign persons in accordance with the relevant provisions of the contract and contractual entitlements can be purchased by the oil and foreign oil can be transported to their recovery in accordance with the law of investment, profits and other legitimate in remitted to foreign countries

4，Foreign persons in accordance with the relevant provisions of the contract and contractual entitlements can be purchased by the oil and foreign oil can be transported to their recovery in accordance with the law of investment, profits and other legitimate in remitted to foreign countries.

5，Foreign contract law should set up branches or representative in the body.

6，Foreign contracts in the process of implementation of the contract should the use of advanced technology and management experience and the transfer of technology to the Chinese side, passing on experience and responsible for their training.

Chapter 3: Oil operations

7，Oil operations necessary equipment, raw materials, component parts, transport equipment and office supplies in national and abroad under the same conditions, operators should give priority to purchase in China.