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 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
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