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The OPEC Fund
for International
Development
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  2. Oilcrops Development Project

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Oilcrops Development Project

Myanmar

Borrower Myanmar
Financing Type Public Sector
Instrument Project Loan
Focus Area Agriculture
Approved 16.03.2004
Signed 12.05.2004
Status Completed
Loan Administrator OPEC Fund
Executing Agency Ministry of Agriculture and Irrigation
Co-financiers Government
OPEC Fund Contribution (US$m) 12.30
Total Project Cost (US$m) 15.00

The project will focus largely on developing oil palm and four oilseed crops – sesame, groundnut, sunflower and soybean – among farmers in 36 townships. Works will include:

  • upgrading of laboratories and seed harvesting and cleaning facilities;
  • construction ofseed conditioning plants and storage areas;
  • creation of a seed capital fund;
  • construction of new solvent extraction plants capable of processing 100–150 tons of seeds per day;
  • construction of a new palm oil mill in Dawei; and
  • raising the production capacity of a seed refinery in Yangon from 15 to 50 tons per day.

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