MIC provides permits for two more international oil companies

The Myanmar Investment Commission has given permits to two more international companies planning to conduct offshore exploration and production. The UK’s BG Exploration and Production and Australia’s Woodside Myanmar received the right to conduct exploration and production in shallow water blocks A-4 and A-7, and deepwater blocks AD-2 and AD-5. The two firms are partnering […]

Secrecy haunts oil sector, says Global Witness NGO

High levels of corporate secrecy must be tackled if Myanmar is to benefit from its oil and gas wealth, claimed international NGO Global Witness. It released a report highlighting its attempt to find the ultimate beneficial owners of the 47 international and local companies that won rights to 36 onshore and offshore blocks in Myanmar […]