"The oil pipeline, which CNPC was granted exclusive rights to build and operate, is even more economically and strategically important to China than the $ 3.6 billion Myitsone Dam, which was expected to generate 6,000-megawatts of electricity that would be sent mostly to China.
The pipeline, with an estimated capacity of 20 million tons of crude oil per year that will enjoy tax concessions and customs clearance rights from the Burmese government, will enable China to bypass the Strait of Malacca when importing crude oil from the Middle East and Africa, saving an estimated 1,200 km shipping distance"............READ MORE
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