| |
| >> Back to the article | |
| Nov 4, 2009 | |
|
Works starts on pipeline
|
|
|
BEIJING - CHINA National Petroleum Corp (CNPC), the country's top oil producer, has kicked off construction of a pipeline across Myanmar that should give the Asian giant quicker access to oil supplies. CNPC, parent of listed PetroChina, last week began work on a loading dock and oil tanks on Maday island in western Myanmar, the state-owned company said in a statement posted on its website on Tuesday. The 771-kilometre pipeline will connect Maday island and Ruili in the southwestern Chinese province of Yunnan, the statement said. The pipeline is expected to carry 12 million tonnes of oil a year in the first phase, CNPC said without giving a timeframe for when it would become operational. Energy-hungry China is Myanmar's sole major ally and trade partner, and an eager investor in the isolated state's sizeable natural resources. Around 80 per cent of China's oil imports, from areas such as the Middle East and Africa, are currently transported through the Malacca Strait, one of the busiest waterways in the world, according to earlier Chinese media reports. The pipeline - in the works for years - would allow at least part of the Asian giant's crucial oil supplies to arrive without travelling through the strait, where pirates are known to operate. It also would cut 1,200 kilometres off the current maritime delivery route, the reports said. -- AFP | |
| Copyright © 2007 Singapore Press Holdings. All rights reserved. Privacy Statement & Condition of Access |
![]() |
|
|
|
Best viewed at 1152x864 resolution with IE 6.0 or
FireFox 2.0 and above Copyright © 2008 Singapore Press Holdings Ltd. Co.
Regn No. 198402868E | Privacy Statement
| Terms & Conditions
|