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China: The plan for the reform of the oil industry
5/23/2017 0:00
Beijing / morning follow - up to the
Chinese authorities announced the reform of the oil and gas industry in the country plan, aimed at improving efficiency and competitiveness by giving the market a crucial role in this sector.
The part of the reform plan that "the market must play a crucial role in the allocation of resources should be the government 's best role for national energy security and increase productivity and meet the needs of the people to protect."
Long - awaited reform of the oil and gas industry , which is controlled by the state is a priority for the Chinese authorities as the second largest economy in the world is slowing down amid cyclical and structural changes.
On the other hand, this reform is also one of the key elements of the five - year plan for the country for the 13th period of 2016 and 2020.
Dong Xu Zheng said China University of Petroleum: The reform will give competitors easier access to the market , whether state - owned or private.
It is encouraged gas companies on sales and business pipeline division in a gradual manner in order to enhance the pricing mechanism based on the market. It should also fuel and diesel pricing mechanism to be more market - oriented, while the government should intervene when fluctuations occur is
normal.
He welcomed the private capital to invest in oil and gas storage facilities and operation.
The plan stressed again the leadership 's commitment to deepen the reform of the oil and gas companies , state - owned and encourage qualified companies to diversify its shareholder base and the introduction of mixed ownership reforms.
It is noteworthy that the main objective of the reform of the mixed ownership is to create a flexible and effective mechanism oriented market with the integration of the shareholders of the private sector, to improve the state - owned corporate governance.
http://www.alsabaah.iq/ArticleShow.aspx?ID=137626
5/23/2017 0:00
Beijing / morning follow - up to the
Chinese authorities announced the reform of the oil and gas industry in the country plan, aimed at improving efficiency and competitiveness by giving the market a crucial role in this sector.
The part of the reform plan that "the market must play a crucial role in the allocation of resources should be the government 's best role for national energy security and increase productivity and meet the needs of the people to protect."
Long - awaited reform of the oil and gas industry , which is controlled by the state is a priority for the Chinese authorities as the second largest economy in the world is slowing down amid cyclical and structural changes.
On the other hand, this reform is also one of the key elements of the five - year plan for the country for the 13th period of 2016 and 2020.
Dong Xu Zheng said China University of Petroleum: The reform will give competitors easier access to the market , whether state - owned or private.
It is encouraged gas companies on sales and business pipeline division in a gradual manner in order to enhance the pricing mechanism based on the market. It should also fuel and diesel pricing mechanism to be more market - oriented, while the government should intervene when fluctuations occur is
normal.
He welcomed the private capital to invest in oil and gas storage facilities and operation.
The plan stressed again the leadership 's commitment to deepen the reform of the oil and gas companies , state - owned and encourage qualified companies to diversify its shareholder base and the introduction of mixed ownership reforms.
It is noteworthy that the main objective of the reform of the mixed ownership is to create a flexible and effective mechanism oriented market with the integration of the shareholders of the private sector, to improve the state - owned corporate governance.
http://www.alsabaah.iq/ArticleShow.aspx?ID=137626
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