China National Petroleum Corporation (CNPC) will hold 50.9 per cent stake in the project, while Myanmar Oil and Gas Enterprise will own the remaining stake. The Chinese oil producer will also be responsible to manage the pipeline project.

The pipeline will transport crude oil from the Middle East and natural gas from two gas fields A-1 and A-3 in the Bay of Bengal, being developed by South Korean's Daewoo Group. The pipeline is expected to shorten the long detour through the congested Malacca Straits1.

• 1. “CNPC to invest in Sino-Burma oil, gas pipeline,” Asia Energy, November 25, 2008, at http://asianenergy.blogspot.com/2008/11/cnpc-to-invest-in-sino-burma-oil...