The prices of fuel oil remain low in recent days and the price gap between Octane for personal use cars and diesel for trucks has narrowed. The fuel oil prices stood at K2,005 per litre of Octane 92, K2,110 for Octane 95 and K2,385 for diesel on 26,27 and 28 November. Diesel price plummeted to..
Myanmar received a foreign investment of US$22.77 billion in its oil and gas sector until October 2022, accounting for 24.64% of the total foreign investment, according to data from the Directorate of Investment and Company Administration. Myanmar Investment Commission allowed 249 new businesses to invest US$4.235 billion and approved further investment of US$1.291 billion..
Under the guidance of the State Administration Council, land areas were designated in order to construct New International Airport in Mudon Township of Mon State near Kawtparan village and New International Port between BalaukNyaungWaing Village and Wae Kali Village. Depending on the budget calculations of concerned ministry plus compensation for the land loss in..
The Mon State government has designated the locations to construct one new international airport near Kawparan village of Mudon Township and one new international port terminal between Balauk Nyaungwaing and Wekali villages in Mawlamyine District, according to the state government. “During the visit of the SAC Chairman on 1 June, he instructed officials to construct..
The State Administration Council (SAC) issued Decree No. (44/2022) appointing U Myo Myint Oo as the Union Minister for Energy on August 5. The decree states that the State Administration Council has appointed U Myo Myint Oo as the Union Minister for Energy in accordance with Article 419 of the Constitution. The SAC formerly appointed..
PETRONAS’ subsidiaries, PETRONAS Carigali Myanmar Inc (PCMI) and PC Myanmar (Hong Kong) Limited (PCML) today announced their withdrawal from Blocks M12, M13 and M14 located in the Yetagun field, offshore Myanmar. The decision was made following a thorough techno-commercial review in alignment with PETRONAS’ asset rationalisation strategy for a portfolio that fits with its..
MYEIK—Yoma Strategic Holdings and First Myanmar Investment Company (FMI) will be investing Ks 105 billion in Kawtthaung Hill Development Project which includes international standard Museum, Hotel and Villas, according to the sources. The project will be implemented on 1199 Mountain situated in Kawtthaung Township, Kawtthaung District, Taninthari Region. The officials explained about the Environmental Impact..
Myanmar proposes to include $2.5-bn Mee Lin Gyaing Project in early projects of China-Myanmar Economic Corridor
Myanmar is proposing to include the Mee Lin Gyaing Project including a LNG power plant and gas pipelines connecting with Yangon with an estimated investment value of US$2.5 billion in the list of early harvest projects of the China-Myanmar Economic Corridor (CMEC), state-run newspapers reported. Three Chinese companies – Union Resources and Engineering Company (41%),..
An agreement on implementing the Nanmatu (Hsipaw) hydropower project with an installation capacity of 210 megawatts was signed on April 29, the Ministry of Electricity and Energy (MOEE) has announced. The agreement was signed between the Department of Electric Power and Planning under the MOEE and Natural Current Energy Hydropower Co, Ltd. The project is..
uel can now be purchased without limit at the local filling stations but the price of a liter of 92 Ron octane has increased by 50 kyats, according to some customers in Yangon Region. On April 19, domestic fuel prices were Ks1,890 per liter of 92 Ron octane, Ks1,975 per liter of 95 Ron octane,..