Belt and Road
China-Myanmar oil and gas pipeline drives local economic development in Myanmar
Seetao 2020-11-04 16:18
  • The China-Myanmar oil and gas pipeline project is jointly funded by four countries and six parties
Reading this article requires
2 Minute

The China-Myanmar oil and gas pipeline project is an international cooperation project jointly funded and constructed by the six parties of China, Myanmar, South Korea and India. The completion of the China-Myanmar oil and gas pipeline project solved the problems in the downstream market of Myanmar’s natural gas and realized foreign exchange earning through exports. At the same time, it brought Myanmar considerable economic benefits including national taxes, 30-year investment dividends, right of way fees, and training funds. The China-Myanmar oil and gas pipeline project has contributed a total of US$209.75 million in direct economic benefits to Myanmar. The project employs more than 2.9 million people in total, and more than 6000 local workers were employed during the peak period of construction.Editor/Luo Wentao

Comment

Related articles

Construction Frontline

Construction of offshore oil and gas projects undertaken by China begins

06-27

Construction Frontline

China signs an agreement to assist in the construction of fishing docks

06-27

Interconnection

CCCC Indonesia Country Strategy Seminar and Opening Ceremony

06-27

Interconnection

Tajikistan signs an agreement to return to the Central Asian energy system

06-27

Interconnection

China and Saudi Arabia's Defense Ministers Meet and Talk

06-26

Investment

Chinese enterprises sign new energy and power grid projects in Uzbekistan

06-26

Collect
Comment
Share

Retrieve password

Get verification code
Sure