New blue­print to re­form O&G sec­tor

New Straits Times - - Business | World -

BEI­JING: China will even­tu­ally al­low pri­vate com­pa­nies to in­vest in the coun­try’s oil and gas (O&G) stor­age, said the gov­ern­ment in a blue­print doc­u­ment for its en­ergy sec­tor that mainly un­der­scored ear­lier pledges on re­form­ing heav­ily mo­nop­o­lised oil and gas in­dus­tries. It has pre­vi­ously said it would take steps such as push­ing to open up­stream ex­plo­ration to pri­vate com­pa­nies, help split nat­u­ral gas sales from gas pipe­line op­er­a­tions and lift the out­put of higher qual­ity oil prod­ucts. Agen­cies

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