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2019-12-09 13:25:00

THE NEW CHINA'S PIPELINE COMPANY

THE NEW CHINA'S PIPELINE COMPANY

XINHUANET- BEIJING, Dec. 9 -- China on Monday set up a new centrally-administered state-owned enterprise (SOE), the China Oil & Gas Piping Network Corporation.

The company will partly be responsible for the investment, construction and interconnection of main oil and gas pipelines to form a nationwide network, allowing to transport crude oil, refined oil and natural gas through the network, it said.

Aiming to forge an oil and gas market with effective transport through a unified pipeline network, the establishment of the central SOE is an important…

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