A crude oil pipeline and a deep sea port meant to secure an alternative route for Chinese imports overland through Myanmar are set to open at the end of January, but an affiliated refinery in China is months away from completion, sources said.
The finished development should help ease China's reliance on shipments via the narrow and potentially risky Malacca Strait. Although that route, through which some 80 percent of China's oil imports now pass, would still be used for the vast majority of overseas purchases.
PetroChina, the main investor in the facilities, has built 60 percent of the refinery in Yunnan province that borders Myanmar, designed to process the crude shipped via the pipeline, a spokesman for the state energy giant said on Monday. Completion is slated for later this year.