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New gas field discovered in offshore Rakhine

[caption id="attachment_4726" align="aligncenter" width="840"] Photo: Posco International/poscointl[/caption]   South Korean conglomerate Posco International Corporation has discovered a new gas field in Block A3 at the Shwe natural gas project located offshore Rakhine, The Myanmar Times understands. The company confirmed that it had found a gas column of around...

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Dawei SEZ draws investor interest, but lacks infrastructure

[vc_row][vc_column][vc_column_text] [caption id="attachment_4679" align="aligncenter" width="840"] Fishermen carry the fishing nets at the Maung Ma Kan village in Dawei city, Tanintharyi. Photo - EPA[/caption]   Businesses from China, Thailand, Korea and Japan, including those from the power and logistics sectors, have said they are keen to invest in the...

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VPower Group wins Myanmar’s emergency power tender

[vc_row][vc_column][vc_column_text] [caption id="attachment_4662" align="aligncenter" width="840"] Electricity originates from 62 hydropower and 20 gas-fired stations and one coal-power plant. Photo: EPA[/caption]   Hong Kong-listed VPower Group said its consortium with Myanmar’s Zeya & Associates had been provisionally awarded four of the five emergency power projects tendered by the energy...

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Myat Myittar Mon attempts to enter aviation fuel business

[vc_row][vc_column][vc_column_text] [caption id="attachment_4658" align="aligncenter" width="840"] The Myanmar Times[/caption]   Myat Myittar Mon Company, which imports petrol and operate petrol stations in Myanmar, wants to expand into the business of importing, storing and distributing aviation fuel, or jet fuel, its managing director, U Win Myint, told The Myanmar Times.    The...

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