China Building Pipeline to Burma
China Building Pipeline to Burma
China, Myanmar oil pipeline projects to start soon
von admin — Zuletzt verändert: 23.04.2007 05:42
April 22, 2007: BEIJING: China, which outsmarted India to shore up an energy deal with Myanmar, will offer USD 83 million loan to that country and invest billions of dollars to construct strategic Sino-Myanmar oil and gas pipelines.
The construction of the oil pipeline is expected to start this year which would provide an alternative route for the energy-hungry country's crude imports from Middle East and Africa.
Earlier this month, the National Development and Reform Commission (NDRC), China's top planning body, approved the Sino-Myanmar oil pipeline project linking Myanmar's deep-water port of Sittwe with Kunming, capital of Yunnan Province in southwest China.
No timetable has been provided by Chinese oil giant, Sinopec for the completion of the work. Meanwhile, China will invest eight billion yuan (USD 1.04 billion) to build a gas pipeline, which stretches 2,380 kilometres, linking Myanmar with Kunming.
The pipeline will transport 170 billion cubic meters of natural gas from the Middle East to southwest China in the next 30 years. Vice mayor of southwest China's Chongqing municipality, Huang Qifan said the China National Petroleum Corp (CNPC) had chosen Chongqing as the destination for the pipeline, noting the city would build a 10-million-tonne capacity refinery to process imported crude, which is due to come on stream in three years.
Deputy Director of the planning institute of PetroChina Company Ltd, Han Jingkuan said China may also establish an oil refinery in Kunming.
http://tinyurl.com/2df2rc
China, Myanmar oil pipeline projects to start soon
von admin — Zuletzt verändert: 23.04.2007 05:42
April 22, 2007: BEIJING: China, which outsmarted India to shore up an energy deal with Myanmar, will offer USD 83 million loan to that country and invest billions of dollars to construct strategic Sino-Myanmar oil and gas pipelines.
The construction of the oil pipeline is expected to start this year which would provide an alternative route for the energy-hungry country's crude imports from Middle East and Africa.
Earlier this month, the National Development and Reform Commission (NDRC), China's top planning body, approved the Sino-Myanmar oil pipeline project linking Myanmar's deep-water port of Sittwe with Kunming, capital of Yunnan Province in southwest China.
No timetable has been provided by Chinese oil giant, Sinopec for the completion of the work. Meanwhile, China will invest eight billion yuan (USD 1.04 billion) to build a gas pipeline, which stretches 2,380 kilometres, linking Myanmar with Kunming.
The pipeline will transport 170 billion cubic meters of natural gas from the Middle East to southwest China in the next 30 years. Vice mayor of southwest China's Chongqing municipality, Huang Qifan said the China National Petroleum Corp (CNPC) had chosen Chongqing as the destination for the pipeline, noting the city would build a 10-million-tonne capacity refinery to process imported crude, which is due to come on stream in three years.
Deputy Director of the planning institute of PetroChina Company Ltd, Han Jingkuan said China may also establish an oil refinery in Kunming.
http://tinyurl.com/2df2rc
bin66 - 25. Feb, 01:06
