Myanmar Approves Massive Refinery

“PT Sans”;mso-font-width:98%”>Myanmar has approved a USD2.6 billion investment to construct a huge oil refinery and related logistics and sales facilities in the south of the nation. The joint venture company Long win Global Petrochemical Co Ltd will establish the nation’s largest refinery on a 300 hectare plot in the Tanintharyi region.

“PT Sans”;mso-font-width:98%”> mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family:
“PT Sans”;mso-font-width:98%;mso-ansi-language:EN-US;mso-fareast-language:EN-US;
mso-bidi-language:KHM”>The massive project will include construction of the refinery, as well as transportation, storage and sales infrastructure. Two Chinese companies and a Myanmar company form the consortium implementing the development expected to produce 100,000 barrels a day.

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“PT Sans”;mso-font-width:98%;mso-ansi-language:EN-US;mso-fareast-language:EN-US;
mso-bidi-language:KHM”>Refined oil products from the facility will be exported to neighbouring countries. Myanmar currently has about 53 onshore oil blocks and 51 natural gas blocks.

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