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    Home > Chemicals Industry > Petrochemical News > The U.S. House of Representatives enacted legislation to block the government from selling oil to China

    The U.S. House of Representatives enacted legislation to block the government from selling oil to China

    • Last Update: 2023-02-01
    • Source: Internet
    • Author: User
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    Dozens of Democrats in the U.
    S.
    House of Representatives joined Republicans in passing legislation to stop the Biden administration from selling oil from the Strategic Petroleum Reserve to Chinese-owned companies
    .

    The bill passed the House by a vote of 331 to 97, just two days after more than two-thirds of House Democrats and Republicans voted in favor of creating a China committee to deal with the strategic competition
    between the United States and China.

    Last year, the Biden administration decided to sell nearly 100,000 barrels of reserve oil to United Petrochemicals, owned by the Chinese government
    .

    The U.
    S
    .
    Department of Energy announced the sale in April.
    Republicans in the House of Representatives have warned of the dangers
    of supplying large amounts of energy to businesses controlled by America's biggest rival.

    Subsequently, Republicans introduced the bill
    .

    The bill states that the Secretary of Energy may not sell strategic reserve oil
    to any entity under the control of the Chinese government.

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