Despite Desire for SOE Reform, Progress in Oil Industry Is Fitful

(Beijing) – Central government guidelines issued in mid-September lay out the next step for reforming state-owned enterprises, a sign that long-awaited progress in the oil and gas sector is gaining steam.

People close to the matter said that a draft reform plan for the oil and gas sector has been approved by the National Development and Reform Commission (NDRC), China's top economic planner, and will be issued by the end of the year.