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Oil and gas reform expected to be implemented within the year2024-07-12 15:40:30
The overall plan for the reform of the petroleum and natural gas system, led by the National Development and Reform Commission and the Energy Administration, has been drafted and is currently being improved. It is expected to be unveiled by the end of the year. The new round of overall oil and gas reform involves market access and price liberalization in various fields of oil and gas upstream, midstream, and downstream, with the core being upstream liberalization and pipeline separation.