New blueprint to reform O&G sector

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