Nov 17, 2014 06:14 PM

Sinopec Says It Has Spent 4 Bln Yuan This Year Fixing Pipeline Problems

(Beijing) – Oil giant China Petroleum & Chemical Corp. (Sinopec) has said it has spent 4 billion yuan in the first 10 months of the year to fix problems on its pipelines and plans to spend another 28.1 billion yuan over three years to make sure the facilities are safe.

A deadly explosion in November last year that was caused by an oil leak on a pipeline killed 62 people in the eastern city of Qingdao. Investigators blamed the disaster on a lack of maintenance and design flaws.

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