HomeMagazine2016March 2016, Vol. 243, No. 3Is China About To Open Up Its Oil Industry?

March 2016, Vol. 243, No. 3

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Is China About To Open Up Its Oil Industry?

Brief but extremely interesting note from China this week. Suggesting that an unparalleled opportunity in the energy space may be coming available here. That’s in the Chinese oil and natural gas industries. Where it appears the government may be about to open up former government-only sectors to outside investment, for the first time ever. That was the plan outlined by the head of the National Development and Reform Commission (NDRC), Xu Shaoshi, at a press conference in Beijing yesterday. With this influential official saying that China will launch pilot programs for “mixed ownership” in oil and gas industries currently run by state-owned enterprises. The NDRC chief didn’t specify what e

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