CNPC moves to open pipeline facilities

China National Petroleum Corp, the country's largest oil and natural gas producer, approved a document covering the opening of its oil and gas pipeline facilities to third-party use, a move in accordance with the nation's energy reform.

Chairman Zhou Jiping presided over the meeting, saying that allowing third parties to use these facilities will increase the efficiency of the industry, as specified under the central government's guidance on energy reform, according to a CNPC statement on Thursday.

The company's natural gas and pipeline subsidiaries are making preparations for the move.