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05 Dec
02:58

CNPC to spin off pipeline division

China National Petroleum Corp (CNPC), the country’s biggest petroleum producer, will separate its pipeline and natural gas sales units as part of gas market reforms in the world’s biggest energy user, according to the state-owned China Daily. The move will move China’s largest steel pipe consumer, and some pipe production capacity, into a new unit, Kallanish notes. CNPC’s major natural gas pipeline projects linking supplier…
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