News Source: Xtra News
| 2 months ago
Wednesday it had secured a 30 billion dollar credit line from a state-owned bank to fund its overseas expansion. PetroChina, on Tuesday signed an agreement with China Development Bank , one of the country's three policy lenders, to receive the credit...
News Source: Myanmar News
| 2 months ago
According to the Foreign Affairs Office of Yunnan Province, the oil-pipeline deal was signed March 26. The route of the project, at a total length of 2,806 kilometers, will start at Kyauk Phyu, a major city of Western Myanmar's Rakhine State, running...
News Source: Sydney Morning Herald
| 2 months ago
Oil and gas giant China National Petroleum has obtained a $US30 billion ($35 billion) loan from the China Development Bank to finance its overseas acquisitions. President Jiang Jiemin said today in a statement on the company's website. The two sides...
News Source: Sify News
| 2 months ago
South Korean companies (Daewoo International Corp and Korea Gas Corp) for joining the project. We are examining the prospects." The pipeline may cost $1.5 billion...Videsh Ltd (17 per cent), and Myanmar Oil & Gas Enterprise (15 per cent) are the...
News Source: Myanmar News
| 2 months ago
A new report “Corridor of Power” by the Shwe Gas Movement exposes how China is plunging ahead with construction of nearly 4,000 kilometers of dual oil and gas pipelines across the heartland of Burma despite financial and political risks from...
News Source: BurmaNet
| 2 months ago
Indian state-run gas transporter Gail is exploring the possibility of laying a pipeline to China from Burma, where it has 10% stake in two blocks, company’s chairman BC Tirpathi said today. The 890-kilometre pipeline is expected to cost $1.5...