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| Analysis on Policies of Oil and Gas in China |
| Jiang He, Chen Jianrong |
| CNPC Economics & Technology Research Institute |
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Abstract The Government has actively introduced oil and gas policies to promote the sustainable and healthy development of the industry in 2017. The purposes of such policies are:to accelerate the reform of mineral resource royalties and advance the competitive transfer of mining rights; to promote the reform of the natural gas price, introduce cost supervision on long-distance natural gas pipeline enterprises in the area of gas pipeline transportation, and strengthen the regulation of the distribution price; to liberalize the import of crude oil in an orderly manner, increase the allowable volume of non-state trading crude oil imports, strengthen the supervision and periodically pause the approval of the right to use imported crude oil; and to enhance environmental protection.
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Published: 28 September 2018
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