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Article

17 Mar 2002

Author:
John Pomfret, Washington Post

Chinese Oil Country Simmers as Workers Protest Cost-Cutting

Thousands Laid Off, Benefits Reduced - The situation is complicated by the fact that PetroChina Co., which owns most of Daqing's oil assets, is listed on the New York and Hong Kong stock exchanges so its actions, when dealing with the workers, could be subject to the scrutiny of its foreign shareholders.