Epoch Times: China Petroleum & Chemical Corp. announced plans to sell half of its stake in a major trans-China natural-gas pipeline, in a bid to raise capital and fund exploration as part of China`s ambitious goal to wean itself off of coal.
Sinopec, as the company is commonly called, is looking to divest 50 percent of its cross-country pipeline connecting gas fields in the western province of Sichuan to cities on the eastern seaboard. In a filing with the Hong Kong Stock Exchange last week, the state-owned...