
Fetching News Details
The Chinese regulators are looking forward to announcing before the coming winter the decision to merge the oil and gas pipeline assets of three of its state-held energy giants- CNPC, CNOOC, and Sinopec, estimated to be worth around $78 billion. The three companies combined own 66,000 kms of the 70,000 kms-long gas pipeline network. This would allow third-party access to the pipelines and pollution control by a large margin.