The pipeline company’s creation has been considered since at least 2014 and is part of President Xi Jinping’s drive to streamline industrial capacity among state-owned enterprises.
SINGAPORE: 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.
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