China sets up national oil, gas pipe firm in drive to 'boost competition' - Xinhua

BEIJING (Reuters) - China announced on Monday the establishment of a national oil and gas pipeline company in a move intended to boost competition, the Xinhua state news agency said.The long-awaited state pipeline company aims to provide other investors fair market access to infrastructure that is mainly controlled by China's three national oil companies, Xinhua said."The new company will separate (oil and gas) transportation, production and sales, and open (transportation) to third-party..