The National Pipe Network Company is positioned as a deputy ministerial-level central enterprise, directly managed by the State-owned Assets Supervision and Administration Commission, and is on an equal footing with the three major oil central enterprises. National pipe network company is a central enterprise. The Beijing headquarters of the National Petroleum and Natural Gas Pipeline Company will have 7 departments, 4 directly affiliated units (centers) and a list of 7 members of the leadership team of the National Petroleum and Natural Gas Pipeline Company, all from PetroChina, Sinopec and CNOOC. The national pipe network is similar to the China Tower built before China Mobile, China Telecom and China Unicom. China Tower mainly manages base station facilities, and the national pipe network manages natural gas pipeline facilities. The State Oil and Gas Pipeline Network Group Co., Ltd. (hereinafter referred to as the State Pipeline Network Corporation) was formally established in Beijing on February 9, 20 19, marking a key step in deepening the reform of the oil and gas system. The State Council performed the investor's duties on behalf of the State Council State-owned Assets Supervision and Administration Commission, and was included in the list of enterprises that performed the investor's duties by the State Council State-owned Assets Supervision and Administration Commission.
legal ground
Law of People's Republic of China (PRC) on State-owned Assets of Enterprises
Article 1 This Law is formulated with a view to maintaining the basic economic system of the country, consolidating and developing the state-owned economy, strengthening the protection of state-owned assets, giving full play to the leading role of the state-owned economy in the national economy and promoting the development of the socialist market economy.
Article 2 The state-owned assets of enterprises mentioned in this Law (hereinafter referred to as state-owned assets) refer to the rights and interests formed by the state's various forms of capital contribution to enterprises.
Article 3 State-owned assets are owned by the state, that is, by the whole people. The State Council exercises the ownership of state-owned assets on behalf of the state.