As of end-2018, China National Petroleum Corporation (CNPC) owned 63 per cent of China’s mainstream oil and gas pipelines, while Sinopec and CNOOC controlled 31 per cent and 6 per cent, respectively. Photo: Reuters As of end-2018, China National Petroleum Corporation (CNPC) owned 63 per cent of China’s mainstream oil and gas pipelines, while Sinopec and CNOOC controlled 31 per cent and 6 per cent, respectively. Photo: Reuters
As of end-2018, China National Petroleum Corporation (CNPC) owned 63 per cent of China’s mainstream oil and gas pipelines, while Sinopec and CNOOC controlled 31 per cent and 6 per cent, respectively. Photo: Reuters
China economy
Economy /  China Economy

China sets up state-owned national oil, gas pipe company in drive to ‘boost competition’, Xinhua says

  • It is expected be overseen by the State-owned Assets Supervision and Administration Commission
  • China National Petroleum Corp (CNPC), Sinopec and CNOOC will control the entity that is expected to manage most of the country’s pipeline infrastructure

Topic |   China economy
Reuters
Reuters

Updated: 1:37pm, 9 Dec, 2019

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As of end-2018, China National Petroleum Corporation (CNPC) owned 63 per cent of China’s mainstream oil and gas pipelines, while Sinopec and CNOOC controlled 31 per cent and 6 per cent, respectively. Photo: Reuters As of end-2018, China National Petroleum Corporation (CNPC) owned 63 per cent of China’s mainstream oil and gas pipelines, while Sinopec and CNOOC controlled 31 per cent and 6 per cent, respectively. Photo: Reuters
As of end-2018, China National Petroleum Corporation (CNPC) owned 63 per cent of China’s mainstream oil and gas pipelines, while Sinopec and CNOOC controlled 31 per cent and 6 per cent, respectively. Photo: Reuters
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