28 March 2024
Sinopec to sell 50% of Sichuan-East China pipeline
Publication date: 03 August 2016
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China’s Sinopec is to sell a 50% stake in the Sichuan-East China gas pipeline, the company said this week. News reports suggested the divestment could yield up to CNY 20 billion (USD 3 billion).
The 1,702 km long pipeline is likely to attract investment funds seeking stable returns, but the Chinese firm is yet to announce a date for the sale.