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- Operations
- Oilcrops Development Project
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.