Topic: Oil and Gas News - China-Myanmar oil pipeline project approved - source

GUANGZHOU (XFN-ASIA) - The China-Myanmar oil pipeline project, which will transship oil imported from the Middle East, has won Chinese government approval, a source told XFN-Asia. The Chinese side is drafting detailed plans for the construction of the pipeline, which will go to Chongqing in southwestern China, said the source, who declined to be identified. In January, China National Petroleum Corp (CNPC) signed production sharing contracts with Myanmar’s Ministry of Energy covering crude oil and natural gas exploration projects in three deep-sea blocks off western Myanmar. The China Oil News reported earlier this year that construction of the pipeline is expected to start this year. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. read more

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