Oil giant to wrap up key reforms by Nov

State-owned oil and gas producer and explorer China National Petroleum Corp vowed on Monday that it would complete important internal corporate reforms by November, which would make it more streamlined, efficient and market-focused.

The Beijing-headquartered national energy behemoth said in a statement that the process was being supervised by a specific team within the corporation, which had set forward areas of responsibility, as well as an operational program and schedule.

The CNPC changes are part of wider SOE reforms being directly administered by the State-owned Assets Supervision and Administration Commission, the country's top SOE regulator.