CPC Corporation, Taiwan (台灣中油), which has a full name of Chinese Petroleum Corporation, Taiwan, is a state-owned petroleum, natural gas, and gasoline company in Taiwan (Republic of China). It is the core of Taiwan's petrochemicals industry. It was formerly known as Chinese Petroleum Corporation (CPC; 中國石油), but the board approved the name change on February 9, 2007 with immediate effect. [1] The opposition Kuomintang party has argued that the name change is not valid because no legislation was passed in the legislature to support it. The KMT believes that the legislative's approval is required before a state-owned company can change its name.[2]
References
- ^ Central News Agency - Republic of China (Taiwan) (2007-02-10), Name Change Of CPC To Take Effect Immediately: Economics Minister, <http://www.taiwanheadlines.gov.tw/ct.asp?xItem=62582&ctNode=6>
- ^ Shan, Shelley; Lin, Jackie & Chuang, Jimmy et al. (2007-02-13), "Postal service, oil refiner change names", Taipei Times, <http://www.taipeitimes.com/News/front/archives/2007/02/13/2003348779>
