China to hold 70% stake in Myanmar’s planned strategic seaport

Myanmar will hold a 30 percent stake in its strategic deep-water seaport project led by cash-rich China, giving Beijing a 70 percent interest, under their final agreement reached during recent talks between the two countries, according to a visiting senior Myanmar official. That is an improvement for the emerging Southeast Asian economy from the initially […]

Myanmar Sees Increased Offshore Exploration Work in Late 2015/Early 2016

Myanmar, one of the few frontier areas for petroleum exploration in Southeast Asia, expected to see a rise in exploratory activities by local and international oil and gas companies — who have been granted onshore and offshore blocks earlier — in late 2015 and early 2016, local media Eleven reported. “The [Myanmar] government gave the […]