An engineer on a bicycle checking pipelines at an oil refinery of China National Petroleum Corp (CNPC), in Lanzhou, Gansu province on April 21, 2008. Photo: ReutersAn engineer on a bicycle checking pipelines at an oil refinery of China National Petroleum Corp (CNPC), in Lanzhou, Gansu province on April 21, 2008. Photo: Reuters
An engineer on a bicycle checking pipelines at an oil refinery of China National Petroleum Corp (CNPC), in Lanzhou, Gansu province on April 21, 2008. Photo: Reuters
Business /  China Business

China combines three oil pipeline networks into a single operator in much-anticipated merger to improve efficiency in state sector

  • The National Oil and Gas Pipeline Network Group would operate the pipelines owned by CNOOC limited, China National Petroleum Corp and Sinopec Group
  • The merged company would own 500 billion yuan in combined assets, and be responsible for managing a pipeline network that’s expected to expand by 80 per cent to 240,000 kilometres by 2025
Topic |   Energy
Louise Moon
Louise Moon

Updated: 10:37pm, 9 Dec, 2019

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An engineer on a bicycle checking pipelines at an oil refinery of China National Petroleum Corp (CNPC), in Lanzhou, Gansu province on April 21, 2008. Photo: ReutersAn engineer on a bicycle checking pipelines at an oil refinery of China National Petroleum Corp (CNPC), in Lanzhou, Gansu province on April 21, 2008. Photo: Reuters
An engineer on a bicycle checking pipelines at an oil refinery of China National Petroleum Corp (CNPC), in Lanzhou, Gansu province on April 21, 2008. Photo: Reuters
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