New China Refinery Faces Delay as Myanmar Seeks Extra Oil Tax: Sources

A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the Southeast Asian nation, two senior Chinese industry sources said. PetroChina parent CNPC early last year began trial operations of a deep sea port and 2,400-km (1,490 […]

Oil Pipeline Through Myanmar to China Expected to Open in January

BEIJING / YANGON — A crude oil pipeline and a deep sea port meant to secure an alternative route for Chinese imports overland through Myanmar are set to open at the end of January, but an affiliated refinery in China is months away from completion, sources said. The finished development should help ease China’s reliance […]

Myanmar Buys 2.3 Million Barrels Gasoil, Jet Fuel in Annual Deals

Myanmar has awarded annual contracts to buy gasoil from PetroChina and jet fuel from a North Asian trading firm for delivery between April 2014 and March 2015, trade sources said. State-owned Myanmar Petrochemical Enterprise (MPE) has bought 1.645 million barrels of gasoil with 0.5 percent sulphur content and about 760,000 barrels of jet fuel, about […]

Drip Feed China’s Myanmar oil pipeline is part of a global trading web

While the China National Petroleum Corporation prepares to use Myanmar as a conduit to feed Chinese oil demand, its stock market-listed subsidiary PetroChina is vacuuming up vast supplies which will never go near China. PetroChina and other Chinese state oil businesses are spending huge sums of state money abroad to buy up crude oil and […]