Saturday, May 11, 2013

Taiwan bids for oil and gas security in Myanmar deal





Taiwan's state-owned oil firm CPC Corp, one of the island's two major fuel providers, expects a more stable supply of resources from its April agreement with a mainland Chinese peer to explore in under-tapped Myanmar.


CPC's agreement to buy a 30 per cent stake in a Myanmar gas and oil field from mainland China's state-run Sinopec Group will "increase stability of supplies," the Taiwanese provider said in a statement.









via Business feed http://www.scmp.com/business/commodities/article/1234921/taiwan-bids-oil-and-gas-security-myanmar-deal

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