Gulf Oil and Gas accountACCOUNT

Obligation Agreement Signed of Myanmar-China PL

Source: www.gulfoilandgas.com 12/21/2009, Location: Asia

On December 20, witnessed by Chinese Vice President Xi Jinping and Vice-Chairman of Myanmar's State Peace and Development Council Maung Aye, representatives of CNPC and Myanmar's Ministry of Energy signed an agreement of rights and obligation on the Myanmar-China Crude Pipeline in Naypyidaw, capital city of Myanmar.

The agreement explicitly defines the obligations of the CNPC-holding Southeast Asia Crude Pipeline Company Ltd. and the rights authorized by the Myanmar government to the company. According to the agreement, the Southeast Asia Crude Pipeline Company Ltd. is endowed with franchise rights of the Myanmar-China Crude Pipeline, and will be responsible for the construction and operation of the pipeline. The company also has related rights of tax remission, crude transit, import and export customs clearance and right-of-way operation. The agreement also stipulates that Myanmar government shall ensure the company's ownership and exclusionary right to the pipeline and guarantee the safety of the pipeline.

The Myanmar-China Crude Pipeline starts from Madeira at the west coast of Myanmar, running 771 kilometers through Rakhine, Magway, Mandalay and Shan State, and enters into China from Ruili of Yunnan Province.

Pipe Lines Installations News in China >>

Indonesia >>  7/17/2019 - Mubadala Petroleum announces that it has signed an agreement with Premier Oil to farmout a 20 percent participating interest in each of the Andaman I...
Russia >>  7/15/2019 - Global drilling and engineering contractor KCA Deutag KCAD) is delighted to announce that its land drilling operation has won three new contracts in R...

Russia >>  7/9/2019 - From 16 July to 30 July 2019, Nord Stream AG will temporarily shut down both lines of its gas pipeline system for routine maintenance works. The maint...
Kazakhstan >>  7/5/2019 - The Kazakh Ministry of Energy, KazMunayGas (KMG) and Eni signed a protocol of direct negotiations to grant the subsoil use right for exploration and p...

Russia >>  7/3/2019 - On July 1, the Gazprom Group signed a five-year contract to purchase natural gas from Turkmengas (for the period through June 30, 2024). According to ...
India >>  7/2/2019 - McDermott International, Inc. has completed the first of two offshore campaigns for Reliance Industries Ltd. KG-D6 R-Cluster subsea field development,...

Related Categories: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 

Related Articles: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 


China Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |

Oil & Gas Projects in China >>

More News

Related Links

AZ BD BN CN GE HK ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.