SHANGHAI, China: China National Petroleum Corp., the country's biggest oil and gas producer, has signed an agreement with the southwestern province of Yunnan to cooperate in oil refining, a step toward building a pipeline to neighboring Myanmar, reports said Monday.
The agreement, signed Sunday in Beijing, calls for CNPC and Yunnan to cooperate in building an oil refining base in Yunnan, a landlocked province that has suffered from fuel shortage partly due to its lack of refining facilities, the official Xinhua News Agency repor "
This is a great event for the Yunnan people and for Yunnan's economic development," the Kunming local newspaper Chuncheng Evening News cited top provincial officials as saying.ted.
BEIJING, Dec 3 (Reuters) - A Chinese-invested hydropower project in neighbouring Myanmar has deepened links between China and Myanmar's ruling generals and is destroying local livelihoods and the environment, according to a report released on Monday.
The Shweli dam is China's first build-operate-transfer hydropower project with Myanmar's military government, which recently crushed the biggest pro-democracy protests in nearly 20 years.
Under the agreement with Myanmar's Electric Power Ministry, China's Yunnan Joint Power Development Co are to operate the power station for 40 years. Chinese companies would also receive 80 percent of the revenue generated.
No comments:
Post a Comment