China Sets Up National Pipeline Firm in Major Energy Revamp
- Move marks ‘key step’ in nation’s oil & gas reform: Xinhua
- Government will merge the assets of CNPC, Sinopec and CNOOC
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China announced the creation of its long-planned national oil and gas pipeline company, officially kicking off one of its biggest energy revamps aimed at helping supply keep pace with swelling demand.
The move marks a “key step” in China’s efforts to deepen reforms of its oil and gas sector, the official Xinhua News Agency said Monday.