Furthermore, Chinese oil and gas companies such as China National Petrochemical Corp, PetroChina and China National Offshore Oil Corp are setting up joint ventures with local oil companies and pumping billions to tap into the country's oil and gas reserves in the Andaman Sea. They are also constructing pipelines from these offshore platforms to Yunnan province. One example is the US$2 billion gas pipeline from Sittwe which is scheduled for completion in 2009. Following the footsteps of these big Chinese companies smaller Chinese private firms such as the Yunnan Machinery and Equipment Import and Export Company are selling equipment, and acquiring loans from the Chinese government, to build hydropower plants in Myanmar. They are also setting up factories, stores and farms in cities such as Mandalay and Yangon