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. The main assets of the national oil and gas pipeline network company are oil and gas pipelines. By the end of 20 18, PetroChina, Sinopec and CNOOC * * * owned 96,000 kilometers of main oil and gas pipelines, accounting for 63%, 3 1% and 6% respectively. The national provincial trunk pipeline network is 25,000 kilometers, and the three major oil companies each account for 50%.
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