Reforms could end monopolies in China’s energy sector

More private capital to exploit oil and gas resources. Wang Zhen, deputy director of the institute of energy strategy at the China University of Petroleum, claims monopolies in China's energy sector are coming to end. He noted that reforms will no longer stress state-ownership but will instead focus on competence and willingness to carry out national industrial policy. Reforms will prioritize the needs of the whole oil refining industry, he said. Analysts expect higher imports of refined oil products, allowing more private investors into the business.