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26.11.2015 12:01:00
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China National Petroleum Corporation -- Moody's: CNPC's sale of pipeline assets is credit positive
Hong Kong, November 26, 2015 -- Moody's Investors Service says that China National Petroleum Corporation's (CNPC, Aa3 stable) proposal to sell some of its pipeline assets is credit positive, as the profits and proceeds from the sale will partially offset the negative impact from low crude oil and gas prices and help preserve its financial profile during the current industry downturn.
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