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