The Chinese government has decided to further open its oil and gas exploitation and joint development to foreign capital, noted Zhang Guobao, deputy director of State Development and Reform Committee on June 13.

Zhang said facing new challenges and opportunities, China's energy industry need more open, more international market environment, more capital and more advanced technologies. The Chinese government will carry on its commitment to opening-up policy in this sector. Foreign investment is expected to be injected into risk exploitation and joint development of oil and gas resources.

By People's Daily Online