China accelerates shift in energy policy, restructuring of state petroleum firms

01/10/2000
China's energy policy has gone through major changes in the last a few years, from a strategy based on self-reliance to one of aggressively seeking oil and gas supplies abroad. This shift has led to a number of strategic changes in the country's oil and gas industry in terms of raising funds for capital investment, cutting costs, and focusing on development of cleaner fuels.The new policy centers on China's need for foreign oil to sustain a relentlessly growing domestic energy demand. According to government estimates, China will face a domestic shortfall of about 50 million tonnes of crude oil, or 30% of its oil needs, in 2000. Crude imports in 1999 jumped 43% on the year to ...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected