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Entrepreneur: energy prices unlikely to rise significantly in near future

Posted on Apr-14-2008· by china investor

Special Report: Boao Forum for Asia 2008

BOAO, Hainan, April 12 (Xinhua) — China’s domestic situation determines that its energy prices will not rise significantly in the short term, according to Fu Chengyu, China National Offshore Oil Corporation (CNOOC) chief executive officer.

Fu made the remarks when replying to Rob Morrison, chairman and CEO of Credit Lyonnais Securities Asia (CLSA), who said the effective way for China to raise energy efficiency was to increase its energy prices, which were set at a low level by the government.

”Energy security is indeed border=0>

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Entrepreneur: energy prices unlikely to rise significantly in near future

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