Posco Daewoo Corp., the energy development unit of South Korean steelmaker Posco, will develop new subsea wells for stable gas production near its offshore production base in the A-3 block in Myanmar with an investment of $94.2 million. Drilling of three new wells will start in the first quarter of 2020, the company announced Monday. […]
China’s Trans-Myanmar Pipeline to Start Pumping Oil in May
April 11, 2017 by
A pipeline pumping crude oil from Myanmar ’s Rakhine coastline into Yunnan Province in China will finally be operational in May after several delays, according to the Thura Swiss market research company based in Yangon. An official from investors Southeast Asia Crude Oil Pipeline (SEAOP) was cited in local and Chinese media reports this week […]
Analysis: India eyes Myanmar’s Oil, Gas in Pursuit of Expanding Beyond Borders
March 13, 2017 by
Myanmar’s dramatic growth in consumption of refined oil products and the inability of its aging refineries to meet that incremental demand have whetted the appetite of Indian oil companies to play a bigger role in the Southeast Asian nation’s oil and gas sector — from upstream to retail. Myanmar, one of the oldest […]
India Petroleum Minister visits Myanmar for strengthening Hydrocarbon Relations
February 27, 2017 by
The Minister of State for Petroleum and Natural Gas, Dharmendra Pradhan is on an official visit to Myanmar to enhance regional cooperation in the Hydrocarbon sector with the neighbouring country. India and Myanmar have historical and close relations which have withstood the test of time. We both share a long land and maritime border. As […]
Burmese oil explorer keen to invest in India
February 8, 2016 by
A Myanmarese businessman with stakes in South African and Australian offshore oil blocks is keen to invest in diverse sectors in India which is poised to become the world’s fifth largest consumer market by 2030. But he says India still needs to bring business reforms to attract foreign investments. “Yes I am looking for some […]
Myanmar-China gas pipeline starts to deliver gas to China
July 30, 2013 by
MANDALAY, Myanmar – A Myanmar-China natural gas pipeline (Myanmar section), co-invested by six parties from four countries including China, Myanmar, South Korea and India, was inaugurated in northern Myanmar’s Mandalay on Sunday and started to deliver gas to China. At about 4:12 pm (local time), Myanmar Vice President U Nyan Tun, Energy Ministers U Than […]
Myanmar: India Inc’s next big destination
July 3, 2013 by
Indian investments in the country stand at $273.50 mn, expected to soar to $2.6 bn Lighting Products Chalo Myanmar seems to be the new mantra of Indian industry, which is keen to tap the market there. From infrastructure to energy to aviation, Indian companies are trying to mark their presence in that country. Although a […]
