Opportunities could be emerging in Myanmar’s offshore sector. Photo - EPA Opportunities to invest in Myanmar oil and gas are emerging on the back of a string of changes and restructuring efforts now taking place in the sector. The Ministry of Electricity and Energy (MOEE) is currently...
Read MoreMyanmar Petroleum Trade Association (MPTA) secretary U Win Myint has expressed the need for the government to strictly enforce the recently enacted petroleum and petroleum products law in light of the widespread practice of retailers selling a mixture of imported and local fuel. Dr Myint stated the...
Read MoreA view of Bukom Island, site of a Shell Oil Refinery in the Singapore Straits. Photo - EPA State-owned Myanma Petrochemical Enterprise (MPE) is planning to build a new oil refinery near an existing state-run facility in Magwe Region, Daw Yin Yin Aung, deputy director of...
Read MoreMyanmar wants to make investing in oil and gas easier for investors. Photo - EPA Myanmar will review and revise some of the existing terms and conditions to its oil and gas contracts which pose difficulties to investors before calling for its next round of oil...
Read MoreUS$3,100 million has been brought into Myanmar because of natural gas export in this fiscal year. The figure is $361 million more than that of same period last year, assistant secretary of the commerce ministry U Khin Maung Lwin told The Myanmar Times. That amount derived from...
Read MoreLPG cylinders are prepared for delivery in India. In Myanmar, Parami Energy already has 1,800 tonnes of LPG in storage and ready for sale. Photo - EPA The government is aiming to replace the use of electricity with Liquefied Petroleum Gas (LPG) as a fuel for...
Read MoreView of Yadana natural gas field pipelines at the Andaman Sea, Myanmar. Photo - EPA Thai oil company PTT Exploration and Production Pcl on Tuesday said it was planning total expenditure of $3.1 billion in 2018, up a touch from the $2.9 billion it earlier estimated...
Read MoreThe Yadana natural gas field pipelines at the Andaman Sea, Myanmar. Photo - EPA Mon State attracted foreign direct investments (FDI) totaling $5.9 billion between 1994 and 2017, according to the Mon State Directorate of Investment and Company. While no new foreign investors have come to Mon...
Read MoreWorkers help fill a car with petrol, prices of which are rising, at a Yangon petrol station. Photo: Nyan Zay Htet Local petrol prices have spiked between K35 and K40 per liter in the past two months, boosted by a rise in global crude oil prices. On...
Read MoreMalaysia’s landmark, the Petronas Twin Tower covered by smog in Kuala Lumpur, Malaysia, June 25, 2013. Photo - EPA Malaysia’s members of parliament (MPs) have asked national oil company Petroliam Nasional Bhd (Petronas) to exit its Myanmar operations and investments to protest the violence against the...
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