China, Myanmar Ink Trans-Border Oil Pipeline Agreement

China National Petroleum Corp. and Myanmar’s Ministry of Energy earlier this week signed a memorandum of understanding to build a crude oil pipeline with designed annual capacity of 22 million tons, or 442,000 barrels a day, CNPC said in its official newspaper Friday.

The project includes a 1,100-kilometer pipeline that connects Myanmar to Kunming city, Yunnan province, a large-scale crude oil unloading port and a terminal at an island not far from Sittwe in western Myanmar, with nearby oil storage and transportation facilities.

WSJ