Myanmar to start OPEC-loaned oil crop development project

Myanmar will start an oil crop development project soon in the current fiscal year of 2006-07 ( April-March) with a loan assistance provided by the Organization of Petroleum Exporting Countries (OPEC) to boost oil crop production, a local press media reported Monday.

The project, which also involves the Food and Agriculture Organization (FAO), will help reduce Myanmar’s reliance on imported oil products, the sources said.