The central government's move to fight corruption in the oil and gas industry will accelerate the reform of China's energy sector and improve the corporate management of State-owned enterprises, experts said.

On Sept 1, China's top discipline watchdog said authorities are investigating Jiang Jiemin, the former head of the State assets regulator.

Jiang, the former chairman of the State-owned Assets Supervision and Administration Commission, SASAC, is being probed for "grave discipline violations", which usually refers to corruption, according to a statement by the Central Commission for Discipline Inspection.