Leadership reshuffle set for oil giants

Top-level changes in management may be impetus for structural reforms, say analysts

A leadership shuffle at the nation's oil companies will open up more possibilities of reform, both in terms of individual corporate structures and overall industry operations, analysts said.

The Organization Department of the Central Committee of the Communist Party of China on Monday announced new top executives of China National Petroleum Corp, China Petrochemical Corp (known as Sinopec) and China National Offshore Oil Corp, a move that is expected to promote the market-driven reform of the energy industry.