• 3 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 6 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 8 minutes OPEC is no longer an Apex Predator
  • 12 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 2 hours Australian Voters Reject 'Climate Change' Politicians
  • 6 hours Australia Election Summary: "This was the Climate Change Cult Election, and the Climate Change Cult Lost"
  • 10 hours Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 1 hour Shale to be profitable in 2019!!!
  • 38 mins Global Warming Making The Rich Richer
  • 14 hours China Downplays Chances For Trade Talks While U.S. Plays ‘Little Tricks’
  • 14 hours IMO2020 To scrub or not to scrub
  • 14 hours California Threatens Ban on ICE Cars
  • 8 mins Shell ‘to have commercial wind farms’ by early 2020s
  • 14 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 15 hours "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader
  • 10 hours Some Good News on Climate Change Maybe
  • 6 hours Misunderstanding between USA and Iran the cause of current stand off, I call BS
  • 6 hours DUG Rockies: Plenty Of Promise, Despite The Politics
What Beijing’s Retaliation Means For Oil

What Beijing’s Retaliation Means For Oil

China has fired back against…

Myanmar-China Oil Pipeline Start-up Delayed

Pipeline

Despite recent talks of imminent start-up, the launch of an oil pipeline that would allow China to import crude oil from overseas via Myanmar has been postponed again, awaiting final approvals and permissions of tankers to enter Myanmar waters.

PetroChina and Myanmar’s government have yet to finalize the deal for the 480-mile-long pipeline set to carry oil across Myanmar to the landlocked southern Chinese provinces neighboring Myanmar, Reuters reported on Friday, citing a source with the Myanmar government.

In addition to this finalization hurdle, PetroChina has not yet obtained permission from Myanmar’s Navy for tankers to enter ports in the country, according to Reuters’ government source familiar with the matter.

The $1.5-billion oil pipeline – conceived some ten years ago and completed late in 2014 – has not been used due to strained relations between Myanmar and China and its inability to obtain final authorizations.

Earlier this week, the pipeline was said to be nearing imminent launch as the two countries settle their differences regarding the terms of the oil transport project.

But now there is no exact date for the pipeline start-up at present, the source within the Myanmar government told Reuters, noting that PetroChina was “trying to push to get the permission from the navy to enter Myanmar water”.

The crude is to be supplied to PetroChina’s brand new refinery in the Yunnan province, where test production is scheduled to start in June.

Related: OPEC Out Of Moves As Goldman Sachs Expects Another Oil Glut In 2018

According to shipping data by Thomson Reuters Eikon, the supertanker that has been chartered to ship the first oil for the Myanmar-China pipeline from Azerbaijan has been sitting offshore Sri Lanka.

The oil pipeline via Myanmar would be strategically important to China as it would allow it to have an alternative supply route to the ones for imports of oil from the Middle East and Europe that cross the crowded shipping route of the Strait of Malacca and Singapore.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News