China’s CNPC breaks into Myanmar fuel retailing with Singapore brand

SINGAPORE/YANGON (Reuters) – China National Petroleum Corp is planning to open dozens of petrol stations in Myanmar, the first major foreign investor to enter the fast-growing Southeast Asian fuel market, as the state giant expands its retail oil business, company officials said. The investment, which could eventually reach tens of millions of dollars, follows a […]

Posco Daewoo to invest $94.2 mn for gas well development in Myanmar

Posco Daewoo Corp., the energy development unit of South Korean steelmaker Posco, will develop new subsea wells for stable gas production near its offshore production base in the A-3 block in Myanmar with an investment of $94.2 million. Drilling of three new wells will start in the first quarter of 2020, the company announced Monday. […]

PetroChina Yunnan Refinery to be Operational by June

China National Petroleum Corp, the country’s largest oil and gas producer, aims to start operating its new refinery in the country’s southwestern Yunnan province by June, an auxiliary project of the China-Myanmar crude oil pipeline. The first batch of refined oil products is due in early September, said Yu Mingxiang, a senior engineer at PetroChina […]

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 […]

Chinese-led group to build Indian Ocean port, industrial park

Myanmar has chosen a consortium of mostly Chinese companies to develop a special economic zone sitting near plentiful offshore natural gas reserves. The Kyaukphyu zone, in the western state of Rakhine, already has an oil and gas pipeline connecting it to China, whose influence over southern neighbor Myanmar could grow as a result of the […]

Myanmar buys only small amount of gas

Myanmar is buying only 200 million cubic metres of natural gas for local consumption, although its quota entitled the country to buy two billion cubic metres of natural gas from Southeast Asia Gas Pipeline Co Ltd , the operator of Myanmar-China gas pipeline project. “We are supplying gas from four distribution centres – Kyaukphyu, Mandalay, […]