Sinopec racks up RMB4bn in pipe repairs this year

The state-owned China Petroleum & Chemical Corp. (Sinopec, ) has spent RMB4 billion this year addressing pipeline issues and says it will spend more than RMB28 billion to ensure facilities are safe in the wake of last November’s oil-leak blast in Qingdao which killed 62 people, Caixin reported, citing the deputy chief engineer of Sinopec’s pipeline transport and storage company. Following last November’s deadly explosion and under pressure from a State Council commission, companies found nearly 30,000 sections of pipeline that posed potential danger to the public, with roughly 2,200 sections having the potential to cause a disaster.