Oil majors are slashing expenditure and stepping up technological innovation to offset the gloom. Photo: Reuters

China needs ‘Big Bang’ reform of oil and gas industry to remain globally competitive

The piecemeal, staggered approach to private companies, pricing and transmission policies is hurting the industry’s competitiveness, say analysts

Topic |   PetroChina

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Oil majors are slashing expenditure and stepping up technological innovation to offset the gloom. Photo: Reuters
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