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| Background and Effects of Deepening Reform of the Oil and Gas Industry System |
| Wang Zhen |
| Academy of Chinese Energy Strategy, China University of Petroleum-Beijing |
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Abstract Under the background of a fourth wave of industrial revolution and a period of worldwide energy transformation, deepening the reforms in the oil and gas industry system is of great significance. After reviewing the achievements and summarizing the problems of the oil and gas industry in China, this paper lays emphasis on the key aspects of this new round of deepening reforms, and holds the position that this reform, based on the implementation of the national energy strategy, covers the entire oil and gas industry chain by liberalizing market access, reforming market mechanisms, and strengthening management. The reform will bring far-reaching effects upon the entire chain and the participants of the oil and gas industry. It will help to improve the market-oriented allocation of resources, allow enterprises to interact as competitors, and enhance the national oil and gas security.
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Published: 20 September 2017
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