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May 25, 2007

China pips India to bag oil project

NEW DELHI: After stalling gas exports and stonewalling a billion-dollar transnational energy corridor to India, Dhaka has invited Beijing to develop its oil sector and build roads and pipelines that will allow China to ship out exports and import crude, respectively, through two ports in Bangladesh.

Report from > The Times of India

Bangladesh has sought Chinese investments to develop gas reserves and set up industries for making value-added products, such as petrochemicals. It has suggested building roads to connect Kunming with Chittagong and Lhasa with Chalna ports, establishing two regional trade routes via Bangladesh.

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