China National Petroleum Corp., the nation’s largest oil company, started building the Chinese section of oil and gas pipelines linking the world’s largest energy consumer to Myanmar.
The oil pipeline is designed to receive 22 million metric tons of crude a year and the gas link will be able to pump 12 billion cubic meters annually, the state-controlled company said in a statement on its website today.
The company has also begun building an oil refinery in Yunnan province, north of Myanmar, according to the statement, which didn’t give the refinery’s capacity. The Chinese side of the project, including the pipelines and the refinery, will be completed in 2013, it said.
Myanmar produced 11.5 billion cubic meters of gas last year, making it Southeast Asia’s fourth-largest producer, according to BP Plc’s Statistical Review of World Energy.
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