China launches multi-billion-dollar oil & gas pipeline company ...News

Russia Today - Economy
China launches multi-billion-dollar oil & gas pipeline company
source : Russia Today ( News ) () 104
Beijing announced on Monday the establishment of a national oil and gas pipeline firm, which will combine most of the country’s energy infrastructure and will provide fair market access to investors. According to consultancy group Wood Mackenzie, the new firm may be worth between $80 billion and $105 billion. “The new company will separate [oil and gas] transportation, production and sales, and open [transportation] to third-party entities, which will benefit market competition,” Xinhua News Agency reported, citing an unidentified official. ????Dec.9, China announced the creation of #NationalOilandGasPipelineCompany to help e

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