Energy sector reform plan 'out soon'

Analysts expect pace of change to accelerate this year in the key industry

As China's oil and gas giants further speed up company-level reforms, insiders believe the Chinese government is also likely to release its reform plan for the sector by the end of the second quarter or June 30, to further open up the country's energy markets.

China Petroleum and Chemical Corp, the world's largest refiner and known as Sinopec, announced that it will soon come up with a reform plan for its marketing company.