Myanmar in talks with Russia to build deepsea port & oil refinery
PORTS & SHIPPING

Myanmar in talks with Russia to build deepsea port & oil refinery

The decision by Myanmar's ruling junta to choose Russia for the construction of a Dawei deep seaport on the country's east coast has angered China, which had also been considering building the port near the Thailand border.

It has been learned that the Myanmar junta is interested in having Russian investment in the port project, along with the establishment of a special economic zone that includes an oil refinery.

China had previously conducted a feasibility study of the Dawei port but decided to focus on building the Kyakphyu deep seaport, which is near the Sittwe port built by India. However, the junta's preference for Russia has displeased the Chinese, according to experts familiar with Myanmar affairs.

The proposed Dawei port, located in the Tanintharyi region on Myanmar's east coast along the Andaman Sea, serves as the gateway to the Greater Mekong Sub-region (GMS), comprising Cambodia, Laos, Thailand, Vietnam, and China. It could also potentially serve as a gateway port for Thailand's containerised trade, as Bangkok is approximately 300 kilometers away from Dawei, connected by a two-way concrete road.

It has been revealed that Myanmar and Russia are currently in discussions regarding the proposed port, as the junta aims to align itself more closely with Moscow to counterbalance Chinese influence in the resource-rich country. Discussions include plans to construct the Dawei port with a capacity of 10 million tonnes and an oil refinery capable of processing 100,000 barrels per day. However, Beijing is concerned that Russia's involvement in Myanmar's port sector will undermine Chinese projects in Kyaukphyu within the broader context of global trade in the region.

India may view Myanmar's growing alignment with Russia more favorably than its ties with China, as China has been utilizing Myanmar for accessing natural resources and expanding its presence in the Bay of Bengal region, where India has historically played a significant security role. Submarines previously provided by India to Myanmar have Russian origins. Additionally, in Sri Lanka, Indian and Russian companies have formed a joint venture to manage an airport near the Chinese-managed Hambantota port.

Earlier in March, it was reported that Myanmar's junta sought to decrease its reliance on Beijing and was looking to expand ties with Russia for military supplies and the development of infrastructure and energy projects.

Myanmar's Minister of Investment and Foreign Economic Relations, Dr Kan Zaw, recently visited Moscow to explore opportunities for port development, the establishment of a special economic zone, the construction of a petroleum refinery, a 660 MW thermal power plant, and a 330 MW nuclear power plant. Additionally, efforts were made to promote trade settlement in national currencies.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The decision by Myanmar's ruling junta to choose Russia for the construction of a Dawei deep seaport on the country's east coast has angered China, which had also been considering building the port near the Thailand border. It has been learned that the Myanmar junta is interested in having Russian investment in the port project, along with the establishment of a special economic zone that includes an oil refinery. China had previously conducted a feasibility study of the Dawei port but decided to focus on building the Kyakphyu deep seaport, which is near the Sittwe port built by India. However, the junta's preference for Russia has displeased the Chinese, according to experts familiar with Myanmar affairs. The proposed Dawei port, located in the Tanintharyi region on Myanmar's east coast along the Andaman Sea, serves as the gateway to the Greater Mekong Sub-region (GMS), comprising Cambodia, Laos, Thailand, Vietnam, and China. It could also potentially serve as a gateway port for Thailand's containerised trade, as Bangkok is approximately 300 kilometers away from Dawei, connected by a two-way concrete road. It has been revealed that Myanmar and Russia are currently in discussions regarding the proposed port, as the junta aims to align itself more closely with Moscow to counterbalance Chinese influence in the resource-rich country. Discussions include plans to construct the Dawei port with a capacity of 10 million tonnes and an oil refinery capable of processing 100,000 barrels per day. However, Beijing is concerned that Russia's involvement in Myanmar's port sector will undermine Chinese projects in Kyaukphyu within the broader context of global trade in the region. India may view Myanmar's growing alignment with Russia more favorably than its ties with China, as China has been utilizing Myanmar for accessing natural resources and expanding its presence in the Bay of Bengal region, where India has historically played a significant security role. Submarines previously provided by India to Myanmar have Russian origins. Additionally, in Sri Lanka, Indian and Russian companies have formed a joint venture to manage an airport near the Chinese-managed Hambantota port. Earlier in March, it was reported that Myanmar's junta sought to decrease its reliance on Beijing and was looking to expand ties with Russia for military supplies and the development of infrastructure and energy projects. Myanmar's Minister of Investment and Foreign Economic Relations, Dr Kan Zaw, recently visited Moscow to explore opportunities for port development, the establishment of a special economic zone, the construction of a petroleum refinery, a 660 MW thermal power plant, and a 330 MW nuclear power plant. Additionally, efforts were made to promote trade settlement in national currencies.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement