UK Government to Strengthen Gas Sector in Myanmar

A UK Government-supported programme, to strengthen the development of a modern, dynamic oil and gas sector in Myanmar, is to be launched later this month, according to a joint press release from the British Embassy in Yangon and Aberdeen International Associates (AIA). Mr Gordon McIntosh, Aberdeen City Council’s former Director of Enterprise, Planning and Infrastructure, […]

US/MMK Exchange Rate On The Move

THE US-dollar exchange rate to MMK experienced a fall from K1,300 in 2015 to K1,100 until last April but has risen to K1,260 again recently. The rising US dollar exchange rate to MMK has led to higher prices for imported goods and local consumers have to buy imported commodities at higher prices but it is […]

Scottish firms in Myanmar oil and gas mission

A delegation of Scottish companies is heading to Myanmar this week in an effort to tap into opportunities in the country’s oil and gas sector. The visit comes after Myanmar opened up to international trade and investment following decades of military rule. The delegation includes temporary power company Aggreko and oil and gas firms Wood […]

Shell begins review of BG Myanmar assets

Royal Dutch Shell has embarked on a detailed review of BG Group’s assets in Myanmar after the international oil giant completed a US$53 billion acquisition of its British rival on February 15. The two companies have been in discussions about the sale since 2014, but their Myanmar assets have not yet been combined, officials said. […]

MOEP Eyes to Provide Electricity to 230,000 More Households by 2017

The Ministry of Electric Power (MOEP) said it will provide electricity to roughly 230,000 more households in the country by 2017. “We are implementing this according to National Electrification Plan. The goal for each year is stated in the plan and we are trying to follow through,” U Aung Ko Ko, director from the Ministry […]

2017 EITI Report Aims for Full Membership

Myanmar submitted its first Extractive Industries Transparency Initiative (EITI) report at the beginning of January which included reports on the oil and gas, jade, gems and mineral sectors. Hydropower sector will be included in the 2017 EITI Report, according to Myanmar EITI. Myanmar currently stands as a ‘candidate country’ within International EITI and Myanmar’s inclusion […]

Pertamina Woos Myanmar Retail Fuel Business

Jakarta. State energy company Pertamina is optimistic to begin selling fuel to retail customers in Myanmar and Cambodia this year, as it seeks to expand business in the Southeast Asia region. Pertamina is bidding to sell oil fuel in Myanmar with Myanmar Petroleum Products Enterprise (MPPE) and expects to receive the bidding result in the next […]

Myanmar Petrochemical Enterprise invites open tender for Machine & Spares, Chemical materials; Closing Date: Jan 28, 2016

Ministry of Energy Myanmar Petrochemical Enterprise Invitation for Open Tender (9/2015) 1. Myanmar Petrochemical Enterprise invites open tender for the following items: Purchased by Myanmar Kyat (a) Machine & Spares LPG Flexible Oil Hose, 25% Carbon Teflon Hollow Tube, Portable Moisture Analyzer, Cooler Tube, Standard Gas (b) Chemical materials Hydrazine Hydrate (c) Implementation Replacement Super […]

Novoair starts flight to Yangon

Novoair yesterday started an international flight to Yangon in Myanmar. The airline will run three weekly flights between Dhaka and Yangon on Sundays, Tuesdays and Fridays with Embraer ERJ145 aircraft, the carrier said in a statement. The airline will charge Tk 22,222 for a two-way ticket, according to the statement. Novoair is also offering a […]

Myanmar Oil Wells to Use Graphene Nanochem Product

Malaysia-based Graphene Nanochem will put its latest product, GraphSolve, to the test in the field for a national oil company in Myanmar. It is a paid trial under the group’s deal with Scomi Oiltools and the product is due to be used in three wells in work due to complete in the first quarter of […]