China and Myanmar open long-delayed oil pipeline

Strategic supply route helps Beijing avoid Malacca Strait chokepoint China and Myanmar have finally agreed to open a cross-border pipeline into south-east China, allowing Beijing to diversify oil supply routes and reduce its dependence on the contentious South China Sea. The agreement, announced by Chinese vice-foreign minister Liu Zhenmin at the end of a state […]

CNPC loads first crude oil into Myanmar-China pipeline

China’s state-owned refiner China National Petroleum Corp (CNPC) said it has loaded the first crude oil through its Myanmar-to-China pipeline, the latest step towards supplying crude to its new refinery in Yunnan province. Some 1,150 cubic meters per hour of crude flowed into the 770-kilometre (480 mile) pipeline from Tuesday, CNPC said in a statement […]

Beset by delays, Myanmar-China oil pipeline nears start-up

Nearly a decade in the making, a project to pump oil 770 km (480 miles) across Myanmar to southwest China is set for imminent start-up, with a supertanker nearing the port of Kyauk Phyu, marking the opening of a new oil trading route. Dogged by sensitive relations between Naypyitaw and Beijing, the $1.5 billion oil […]

Joint-Venture Between British and Myanmar Firms Eyes Oil and Gas Sector

​​ A British company has created a joint-venture with a Myanmar firm to enter the marine industry as well as oil and natural gas sector. Representatives from the UK firm, James Fisher and Sons, and the Myanmar firm Royal Marine Technology Co Ltd, signed a memorandum of understanding (MoU) at the Sule Shangri-La Hotel on […]

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 […]