Despite challenges, FDI in energy sector set to surge

While Myanmar faces a host of challenges, like other developing nations, its oil and gas sector is likely to win more foreign investment in the years to come, participants in the “Offshore E&P Summit Myanmar 2014” were told. Aung Kyaw Htoo, deputy director of the Energy Planning Department, said foreign investments in the nation’s energy […]

OBG Report Charts Myanmar’s Development as FDI Rockets

UK-based publishing, research and consultancy firm Oxford Business Group (OBG) published its first country report on Myanmar which sheds light on the country’s new investment law, wide-ranging reforms and emerging economic sectors, the firm announced. With most Western sanctions now lifted and a new mining law in the pipeline, “The Report: Myanmar 2014” charts the […]

Local oil and gas firms form new association

Local energy companies seeking a bigger share in the exploration and production of the country’s oil and gas resources have formed MOGSS, the Myanmar Oil and Gas Services Society, the group announced at a press conference last week. The formation of the group comes at a time when international energy giants are poised to enter […]