doubts raised over chinese oil refinery plan – consult myanmar

Myanmar NowChinese diplomats to assess war’s likely impact on

doubts raised over chinese oil refinery plan – consult myanmar
                                               
                                               
  •                                        
  •                                        
  •                                        

Doubts raised over Chinese oil refinery plan

doubts raised over chinese oil refinery plan – consult myanmar
                                               
                                               
  •                                        
  •                                        
  •                                        

Taylor & Francis OnlineChina's policy towards Myanmar: Yunnan’s commitment

doubts raised over chinese oil refinery plan – consult myanmar
                                               
                                               
  •                                        
  •                                        
  •                                        

Consult MyanmarMyanmar’s Largest Oil Refinery Project Cancelled

doubts raised over chinese oil refinery plan – consult myanmar
                                               
                                               
  •                                        
  •                                        
  •                                        

New China refinery faces delay as Myanmar seeks extra oil

doubts raised over chinese oil refinery plan – consult myanmar
                                               
                                               
  •                                        
  •                                        
  •                                        

Oil and gas industry in Myanmar

doubts raised over chinese oil refinery plan – consult myanmar
                                               
                                               
  •                                        
  •                                        
  •                                        

Thailand Construction and Engineering NewsChinese company to build oil refinery near Dawei

doubts raised over chinese oil refinery plan – consult myanmar
                                               
                                               
  •                                        
  •                                        
  •                                        

China's vast refining sector faces shakeout as fuel

doubts raised over chinese oil refinery plan – consult myanmar
                                               
                                               
  •                                        
  •                                        
  •                                        

InterfaxRussia to implement projects to build oil refinery, port, coal

doubts raised over chinese oil refinery plan – consult myanmar
                                               
                                               
  •                                        
  •                                        
  •                                        

ロイターControversy simmers as China oil refinery plan decision nears

doubts raised over chinese oil refinery plan – consult myanmar
                                               
                                               
  •                                        
  •                                        
  •                                        
Tags: , ,
  • Is oil supply security a problem in Myanmar?
  • Oil demand is growing rapidly in Myanmar, and import dependency was as high as 95% in 2019. The demand growth will likely continue, albeit at a lower rate, towards 2050. Thus, oil supply security is and will be vulnerable, and one solution is to expand oil stockpiling for the country.
  • Could Myanmar be a good partner for joint stockpiling?
  • However, considering Myanmar relies on imported oil products, not crude, higher storage costs and long shipping distances (thus, higher shipping costs) would hinder the potential economic benefits of joint stockpiling. Perhaps, neighbouring countries like Thailand and/or China might be good partners for joint stockpiling.
  • How IEA scheme helps Myanmar in designing its oil stockpiling?
  • Therefore, understanding the IEA scheme is helpful for Myanmar in designing its oil stockpiling. Chapter 1 already mentioned the history of the IEA stockpiling scheme briefly. The IEA scheme is a part of the emergency response framework, whereby oil stock draw and production surges are envisaged as measures to increase supply.
  • How much fuel does Myanmar stock?
  • In 2019, Myanmar stocked 36 days of gasoline, 35 days of diesel, and 120 days of jet fuel (Ministry of Energy, 2022b). Although the government understands ‘all private fuel terminals need to maintain a certain amount of their stocks’, no specific stockpiling quantity or days have been legislated (Ministry of Energy, 2022b). Table 3.2.
  • How many refineries are there in China?
  • There are two existing refineries, and two are under planning. According to the Ministry of Energy, one of the two new refineries with a crude distillation unit capacity of 5 Mt/y (100 kb/d) could be operational in 2028.
  • How can the government help oil companies develop a SPR project?
  • In addition, the government should adequately incentivise oil companies through tax exemptions, subsidies, and soft loans for infrastructure development. On the engineering side, feasibility studies on SPR site(s) could start shortly after the plan’s publication.