Archive for the ‘junta’ Category

China Pips (Screws) India on Myanmar Oil Deal

December 30, 2008

Is it any wonder that China’s offer to be a peacemaker between India and Pakistan was flatly rejected by India?  India sees itself as China’s rival and equal.

China, on the other hand, is often accused of seeing India as a clumsy little brother.

Just this last week, China signed an oil export agreement from Myanmar, in an area once 25% or more controlled by India.

The Business Standard of New Delhi reported the caper under the headline “China Pips India to Sign Gas Deal with Myanmar.”

“Pip”  is a British slang word meaning to screw, best, or take advantage, we are told….

China To Reap Most of Myanmar’s Oil


China Pips India to Sign Gas Deal with Myanmar

The Business Standard, New Delhi

China has pipped India to sign a 30-year agreement to import natural gas from fields lying in offshore Myanmar where India’s state-owned companies have a 25 per cent stake.
China’s state oil and gas firm China National Petroleum Corp (CNPC) last week signed a Gas Sales Agreement with South Korea’s Daewoo International for buying gas from the Shwe field in A-1 offshore block and the adjoining A-3 block, industry sources said.

Daewoo is the operator in the two blocks with 51 per cent stake, while Oil and Natural Gas Corporation (ONGC) has 17 per cent and GAIL 8.5 per cent. Korea Gas Corporation has 8.5 per cent and Myanmar Oil and Gas Enterprise the remaining 15 per cent.

GAIL had offered a price of $5.01 per million British thermal unit to buy the entire gas from the offshore fields and pipe it to India through the northeastern states. But the military-rulers of Myanmar have chosen China, which will have to lay a longer pipeline to reach its south-western Yunnan province.

Sources said Myanmar would also be able to tap the pipeline running across its territory to meet its fuel needs once the gas starts flowing sometime in 2013.

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China To Reap Most of Myanmar’s Oil

December 29, 2008

Military-run Myanmar has signed a deal with South Korean and Indian companies to pipe natural gas from the energy-rich nation’s offshore fields to China, state media reported Monday.

The Myanmar Oil and Gas Enterprise inked the deal last Wednesday with South Korean companies Daewoo and Korea Gas Corporation and Indian energy firms ONGC Videsh and GAIL to supply gas to the China National United Oil Corporation.


Myanmar soldiers parade during a ceremony marking the country's ... 
Myanmar soldiers parade during a ceremony marking the country’s Armed Forces Day in the country’s new capital, Naypyidaw. Military-run Myanmar has signed a deal with South Korean and Indian companies to pipe natural gas from the energy-rich nation’s offshore fields to China, state media have reported.(AFP/File/Khin Maung Win)

“The agreement was signed to export natural gas to China from Shwe natural gas project at Block A-1 and A-3 at Rakhine coastal region through pipelines,” the New Light of Myanmar newspaper said.

The paper gave no other details of the project, but Beijing media reported last month that China was planning to start construction on a gas pipeline to Myanmar in early 2009.

 Get the Feeling Russia and China Are Slicing Up The World and the U.S. Will Be Left Out?

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U.N. Mulls Reengaging Burma With More Aid

December 28, 2008

International sanctions and Laura Bush‘s personal intervention did not make Burma’s generals ease their political oppression. Neither did quiet diplomacy, nor the devastation of a cyclone.

So the United Nations is attempting a new approach: It is trying to entice the generals with fresh promises of development money. 

By Colum Lynch and Michael Abramowitz
Washington Post Staff Writers
Sunday, December 28, 2008; Page A16

According to senior U.N. officials, special envoy Ibrahim Gambari has proposed that nations offer Burma financial incentives to free more than 2,000 political prisoners, including Nobel laureate Aung San Suu Kyi, and to open the country to democratic change.

In the months ahead, the U.N. leadership will press the Obama administration to relax U.S. policy on Burma and to open the door to a return of international financial institutions, including the World Bank. The bank left in 1987 because Burma, which is officially known as Myanmar, did not implement economic and political reforms.

“It cannot be business as usual. We need new thinking on how to engage with Myanmar in a way that will bring tangible results,” Gambari said in an interview, adding that the United Nations cannot rely simply on “the power of persuasion with too little in the [diplomatic] toolbox.”

But critics characterize the strategy as a desperate attempt to salvage a diplomatic process that has so deteriorated that Suu Kyi and Senior Gen. Than Shwe, Burma’s military ruler, declined to meet with Gambari during his last trip there, in August. Gambari, critics say, is simply grasping to show progress in moving a regime that has no intention of embracing democratic reform.

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