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China Energy Leaders Set for Shake-Up Amid Sector Revamp

  • New chairmen named at state-owned giants CNPC and Sinopec
  • Industry pressured to boost production amid growing imports
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Top executives at China’s leading energy companies are set for a power shake-up as the nation takes steps to reorganize and revamp its leadership and energy infrastructure.

The executive changes at the state-owned giants come as the sector is under pressure to increase competition and boost domestic output in the face of growing dependence on energy imports. The government this week opened its upstream sector to foreign drillers and last month rolled out plans to spin off the nation’s pipelines into a new firm to allow more companies access to energy infrastructure.