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China mulls oil asset spinoffs as part of reforms: sources

NDRC has held talks since last year on sale of assets with biggest pipeline owners and utilities that buy most of the fuels

While China's oil and gas pipeline network of about 120,000 kilometres is only around a fifth of the size of the natural gas network in the US, it's expanding fast and will be bigger than the US by 2040.

Hong Kong

THE Chinese government is looking at stripping its biggest energy companies of their oil and gas pipelines, as part of sweeping industry reforms that would see the assets spun off into independent businesses, according to people with knowledge of the plans.


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