CNPC boosts collaboration in Myanmar

Submitted by Paddy Harris on Wed, 2014-11-19 15:53

19th November 2014

A memorandum of understanding (MOU) on expanding oil and gas cooperation has been signed between CNPC and the Myanmar ministry of energy

The two sides will deepen cooperation in oil and gas exploration and development, refining, and chemicals

According to the MOU, CNPC and Myanmar will strengthen communication in energy policies, technology, oil and gas projects and trade, in order to seek for more cooperation opportunities to promote the development of Myanmar's oil and gas industry.

The two sides will deepen cooperation in oil and gas exploration and development, refining, and chemicals, and carry out preliminary studies on natural gas utilisation and refinery construction projects.

Meanwhile, CNPC will provide more skill training for Myanmar employees, and gradually raise the localisation rate to create more jobs for the local communities.

The agreement was signed last Friday on 14 November, witnessed by Chinese premier Li Keqiang and Myanmar president U Thein Sein in Nay Pyi Taw, the capital of Myanmar.