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Firms to pipe Burma oil to China

Author: BBC, Published on: 29 December 2008

Burma's military government has signed a deal with a consortium of four foreign firms...South Korea's Daewoo and Korea Gas Corporation, and India's ONGC Videsh and GAIL... to pipe natural gas into neighbouring China...The deal...also involves supplying gas to...China's National United Oil Corporation...Campaigners complain that the deals will threaten local people's human rights and enrich Burma's ruling junta...The US and Europe maintain economic sanctions against Burma...But their impact has been diluted by energy investments from nearby countries, including China, India and Thailand, all hungry for its reserves of oil and gas.

Read the full post here

Related companies: Daewoo International (part of Posco) GAIL (Gas Authority of India Ltd.) KOGAS (Korea Gas Corporation) ONGC (Oil & Natural Gas Corporation)