日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Industries

Anti-graft drive to clean up oil industry

By Li Xiang (China Daily) Updated: 2015-03-20 07:14

The anti-corruption drive, which has brought down many senior executives at the State-owned oil giants, has combined with plunging crude prices to darken the outlook for China's petroleum industry.

But the result could be a more efficient industry with a disciplined and transparent system, analysts said.

At least 45 middle- and high-ranking executives from China National Petroleum Corp, the nation's top oil and gas producer, and its subsidiaries are being investigated for corruption allegations.

Liao Yongyuan, CNPC's general manager, was the latest to be sacked and face a corruption investigation.

CNPC's domestic rivals - China Petroleum & Chemical Corp (better known as Sinopec) and China National Offshore Oil Corp - are not immune to the anti-corruption campaign, because the country's graft investigators are digging deeper into the oil industry.

Some foreign observers said that the "surgical removal" of officials from the oil companies might disrupt development strategies.

Others said that the industry may be restructured at the upstream end, which includes such activities as exploration and production. These segments are prone to corruption because they are among the most monopolistic and profitable areas for oil companies.

Zhang Jinghua, an energy analyst at Bohai Securities Co, said the bright side of the corruption scandals is an acceleration in the reform of oil companies, which are streamlining their business operations under mounting cost pressures.

The government has moved to end the dominance of the State-owned oil giants through mixed ownership reform. CNPC will sell a 49 percent stake in its oilfields in the resource-rich Xinjiang Uygur autonomous region to other investors, including private companies.

The company is scheduled to report its 2014 results next Thursday, and analysts have forecast a substantial earnings decline due to the oil price slump.

Han Xiaoping, chief information officer of China Energy Net Consulting Co Ltd, said that the reshuffling of senior executives as a result of the corruption probe could offer regulators an opportunity to initiate substantial reform, which might otherwise face strong internal resistance.

Sinopec has stepped up internal inspections by bringing in 28 Party discipline inspectors.

But Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, said that it is an exaggeration to claim that the corruption uncovered by the graft investigators will accelerate reforms.

"Given the massive scale of corruption, the problem is no longer a series of isolated cases. The entire system is broken, and it is up to the regulator to drive reforms from the very top," he said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日韩黄色网址 | av手机网 | 国产精品精品视频 | 日本黄网站色大片免费观看 | 日日躁夜夜躁 | 国产精品自产拍在线观看 | 日本一本久草 | 久久不卡区 | 懂色av成人一区二区三区 | 日韩欧美偷拍 | 成人免费看片视频在线观看 | 日韩在线一二三 | 色av中文字幕 | 久久在线看 | 人人艹视频 | 懂色av懂色av粉嫩av分享吧 | 欧美黄色影院 | 精品久久久久国产 | 亚洲精品一区二区三区在线播放 | 国产激情四射 | 日韩欧美在线一区二区三区 | 中文字幕精品在线观看 | 欧日韩精品 | 91不卡视频 | 欧美视频黄 | 黄网免费在线观看 | 97超碰在线免费 | 久草一区 | 欧美日本久久 | 亚洲激情视频 | 一级黄视频 | 日韩黄色在线 | 日韩欧美视频在线 | 黄页网站在线看 | 青青国产视频 | 日韩午夜免费 | 99精品免费 | 精品视频一区二区 | 亚洲精品一区二 | 日韩欧美国产一区二区三区 | 日本一区二区不卡 |