OREANDA-NEWS. November 24, 2014. Witnessed by Chinese Premier Li Keqiang and Myanmar President U Thein Sein in Nay Pyi Taw, the Capital of Myanmar, an MOU on expanding oil and gas cooperation was signed between CNPC and Myanmar Ministry of Energy.

According to the MOU, CNPC and Myanmar Ministry of Energy will strengthen communication in energy policies, technology, oil and gas projects and trade, in order to seek for more cooperation opportunities to promote the development of Myanmar's oil and gas industry.

The two sides will deepen cooperation in oil and gas exploration and development, refining, and chemicals, and carry out preliminary studies on natural gas utilization and refinery construction projects. Meanwhile, CNPC will provide more skill training for Myanmar employees, and gradually raise the localization rate to create more jobs for the local communities.