China's two biggest oil producers are being blocked from expanding their refining capacity after they failed to meet targets for reducing pollution.
The penalties, imposed by environmental re0gulators, for PetroChina and Sinopec are a fresh blow to China's state-owned oil industry.
The two oil producers failed to meet targets for reducing 'chemical oxygen demand', a measure of pollutants released into rivers and other bodies of water, the Ministry of the Environment announced.
According to the Courier Mail, such penalties are unusual in China, where critics have complained regulators ignore environmental violations by state-owned companies.
Chinese leaders also have been facing growing public pressure to curb industrial emissions that have made the country's major cities some of the world's most polluted and fouled water supplies and farmland, the report added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app