Sinopec Approves PetroChina-Style Pipeline Sale to Raise FundsBy
Sinopec will hold 50% stake in the pipeline unit after sale
PetroChina sold half of its Trans-Asia pipeline in December
China Petroleum & Chemical Corp., the world’s biggest refiner, approved a plan to sell as much as 50 percent of a pipeline asset, following a similar move last year by state-owned rival PetroChina Co.
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