[vc_row][vc_column][vc_column_text] [caption id="attachment_4666" align="aligncenter" width="840"] A man collects oil from hand cooped oil well on the shore of Kyaukphyu, Rakhine. Photo - EPA[/caption] Myanmar is expected to call the next bidding round in January 2020 after passing the draft oil and gas law, said a retired senior...
Read More[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...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4660" align="aligncenter" width="840"] Source: 2019-20 Union Budget Law/ Chart - Myanmar Times[/caption] The energy and electricity sector has been allocated with the highest volume of funds in the Budget for fiscal 2019-20, which commenced October 1. It is the first time the energy sector will...
Read More[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...
Read More[vc_row][vc_column][vc_column_text] Commercial gas production will commence at the A6 block Shwe Yee Htun-2 discovery, offshore Myanmar, in 2023, U Zaw Aung, a retired director general of the Oil and Gas Planning Department under the Ministry of Electricity and Energy (MOEE), told The Myanmar Times. “The State aims...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4655" align="aligncenter" width="840"] Photo - EPA[/caption] U Thaung Tun, Union Minister for Investment and Foreign Economic Relations, is expecting foreign direct investments in the offshore oil and gas industry to increase in 2020, once proposals for exploration and production are received, evaluated and approved. At the...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4653" align="aligncenter" width="840"] A primary school student does her homework with candlelight during a power blackout in Mandalay. Photo: Phyo Wai Kyaw/The Myanmar Times[/caption] Exclusive: A consortium led by China Energy Engineering Group (CEEC) has won the fifth emergency power project put out to tender...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4651" align="aligncenter" width="840"] A man filling gas at a PTT fuel station in Thailand. Photo - EPA[/caption] PTT Oil and Retail Business, the retail arm of Thai energy giant PTT Group, said it intends to form a joint venture with KBZ Group to set up...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4649" align="aligncenter" width="840"] The government estimates that the demand for power in the country is growing by 15-17 percent every year. Shin Moe Myint/ The Myanmar Times[/caption] Katie Patterson of Myanmar Energy Monitor talks to The Myanmar Times about the impact of Myanmar’s electricity tariff...
Read More[vc_row][vc_column][vc_column_text] In a fresh move to lure more firms to set up shop in Myanmar, fees to incorporate or register a new business in the country will be reduced to K150,000 from K250,000 from October 1, the first month of fiscal 2019-20. The Directorate of Investment and...
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