The country’s second offshore base for the supply of oil and gas will be implemented on Maday Island in Rakhine State, with private investment worth 130.8 trillion kyats, according to the Myanmar Investment Commission (MIC).
Myanmar Chemical & Machinery Co Ltd has been given the green light to invest in the project, which is to be undertaken on 146.70 acres.
The first offshore supply base project was implemented by Myint & Associates Offshore Supply Base Ltd (M&AOSB), a subsidiary of MPRLE & P Group of Companies, on 30 acres owned by the company Pathein District, Ayeyawady Region. The MIC approved the company’s investment in the project in April. Approval also had to be sought from the Ministry of Electricity and Energy.
Source: Eleven Myanmar
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