Royal Dutch Shell has pulled out of a proposed $9bn (£5.5bn) refinery project in China, in a sign of the difficulties faced by western oil companies seeking to profit from the country's rapidly rising demand for energy.
Shell's decision could create an opportunity for BP, which has talked about its ambitions for expansion in China.
However, analysts warned that the poor profitability of China's refining industry meant that any investment in the sector might prove unattractive.
您已阅读21%（479字），剩余79%（1847字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。