Reform of China’s oil industry at a time of low prices Economic reform is high on the national agenda, at least according to the Third Plenary Session of the 18th Central Committee of the Communist Party of China, held more than two years ago in November 2013. Specific proposals included, among … Continue Reading ››
China watchers are always energised by the arrival of a new national leadership, and those who observe the country’s energy sector are no different. The Third Plenum of the 18th Chinese Communist Party Congress in November 2013 held out the promise of state-owned enterprise (SOE) reform and a … Continue Reading ››
The last few months have seen a great deal of press speculation about Chinese government plans to reform its national oil companies (NOCs) and the NOC’s own plans to attract co-investors. It is still not clear whether the NOCs face wholesale restructuring or just incremental reforms. Either way, the … Continue Reading ››
One of the stated priorities of China’s new government is to increase the role of market forces in those sectors where they are weak. Energy is one of these sectors and the main target so far has been the oil and gas industry. The national oil companies (NOCs), … Continue Reading ››
Reform of the State Grid Corporation appears to be back on the government's agenda, but the outcome is uncertain.