November 03, 2009

While USA Talks, China Builds in Burma (Myanmar)

China's national oil company, the China National Petroleum Corporation (CNPC) (Hong Kong: 0135), is building a pipeline from the coast of Burma or Myanmar through the heart of the country into Yunnan Province at the border city Ruili. The time frame for the project is unknown but CNPC says it will carry up to 84 million barrels of oil per year.

Meanwhile the US State Department has sent envoy Kurt Campbell to talk shop with the military junta that controls Burma as well as celebrity dissident Suu Kyi....

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