No Big Bang, But Quiet Reforms Reshaping China’s Oil And Gas Sector

Expect no radical “big bang” in China’s shake-up of its giant state-run energy firms, but a series of experimental and incremental steps that Beijing has quietly embarked on may still bring meaningful change to an economically crucial sector.

Reform of sprawling state-owned enterprises (SOEs) to improve efficiency is a priority for China’s leaders as growth slows in the world’s second biggest economy, and was a key plank of the country’s latest five-year plan agreed in 2015.

https://oilguru.org/2016/05/22/no-big-bang-but-quiet-reforms-reshaping-chinas-oil-and-gas-sector/