PipeChina acquires pipeline assets with purchase of Sinopec's Yulin-Jinan pipeline

28.07.2020

Sinomart Development, a wholly-owned subsidiary of Sinopec Kantons Holdings, has agreed to sell 100 percent of the equity interests in Sinopec Yu Ji Pipeline Co, to China Oil & Gas Piping Network Corp (PipeChina), for 3.22 billion yuan ($460.2 million), according to a document released by Sinopec Kantons Holdings on...