Invitation for open tender – Myanmar Oil and Gas Enterprise ; Deadline : 21st December 2020

The Republic Of Union Of Myanmar The Ministry Of Electricity And Energy Myanma Oil And Gas Enterprise (Invitation For Open Tender) 1. Open tenders are invited for supply of the following respective Materials in Myanmar Kyats. Sr No Tender No. Description Remarks (a) MOC/L-004(20-21) Welding Electrode and Welding Rod Heater (3) Items Ks (b) DMP/L-164(20-21) […]

A geological rarity’: mine developer Myanmar Metals establishes a foothold in one of the world’s most exciting mineral provinces

Special Report: International investors are now involved in nearly every major industry within Myanmar’s budding economy. Yet its mineral bounty remains relatively untouched, giving near-term mine developer Myanmar Metals that all-important ‘first-mover advantage’. The southeast Asian nation of Myanmar is not well known, or understood, by many global investors because of its +60 years as […]

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 18 meters at its Mahar-1 exploration well after it began exploratory undersea drilling in Block […]

Paper mill owes $1M for gas bill: Auditor General

The Yangon Region Auditor General’s office has revealed that the Yae Ni Paper Mill has an outstanding debt of US$1 million (K1.43 billion) owed to Myanma Oil and Gas Enterprise (MOGE). According to a report released recently, the paper mill still owes $982,446.51 for natural gas from fiscal year 2017-18. MOGE signed a gas sales […]

Invitation for Open Tender- Myanmar Oil and Gas Enterprise , Deadline: January 3, 2020

The Republic of the Union of Myanmar Ministry of Electricity and Energy Myanmar Oil and Gas Enterprise ( Invitation for Open Tender ) ( 24/2019-2020 ) 1. Open tenders for 2019-2020 fiscal year are invited for supply of the following respective items in Myanmar Kyats. Sr No. Tender No. Description Remarks (a) DMP/L-023(19-20) (Retender) Model […]

Myanmar’s draft oil and gas bill jeopardises next bidding round

Uncertainty and confusion over Myanmar’s proposed oil and gas law risk alienating existing investors and could undermine the next crucial bidding round, according to companies and experts in the sector. Time is running out for the Ministry of Electricity and Energy to launch the round by the end of the year, having initially planned to […]

Malaysian investors attracted to Myanmar despite rift over Rakhine

Investors from Malaysia say they are attracted to Myanmar’s agriculture and other industries despite the rift between the two governments since the northern Rakhine crisis. “Malaysian businesses are keen to invest in sectors such as technology, construction, manufacturing, and service in Myanmar. They showed extra interest in agriculture-based businesses,” said Gilbert Lee, president of Malaysian […]

New prospects in Myanmar’s oil and gas blocks

Next month, 15 offshore blocks and 18 onshore blocks will be put up for tender. It is Myanmar’s second international bidding and local and foreign oil firms are interested in participating. But how much oil and gas is present? Are more discoveries possible? Which blocks have potential? Industry watchers may wish to know. Among the […]

Govt, investors must give and take for more oil and gas profit: expert

Prospects in the Myanmar oil and gas sector are expected to improve this year, with the government planning to hold its first international exploration and production tender since 2015 next month. On February 22, the Ministry of Electricity and Energy (MOEE) announced that it will be holding international tenders for 18 onshore and 15 offshore […]

PTTEP to raise investments in Myanmar offshore projects to maintain gas production

Since 2014, a total of 345 million cubic feet of natural gas for daily domestic consumption and export to Thailand is channeled from the offshore Zawtika Project in the Gulf of Moattama to the Zawtika Operation Center (ZOC) in Kanpauk Township, Tanintharyi, said Mr Piya Sukhumpanumet, general manager of PTTEP Myanmar Assets. Natural gas, which […]