BEIJING - China National Petroleum Corporation (CNPC) on Thursday announced that its board of directors has approved the integration of three pipeline subsidiaries.
The three subsidiaries will form a new platform for CNPC's pipeline management including operation, investment and financing, according to the corporation's statement.
The CNPC will take 72.3 percent of the platform's shareholding.
The corporation has been accelerating its asset restructuring. On Nov 25, it announced the sale of half of a subsidiary that operates pipelines across central Asia to another State-owned firm, China Reform Holdings.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
