Russian firms eye energy cooperation in Myanmar as nations strengthen ties

Oil and gas exploration is forming the backbone of a renewed drive to develop economic relations between the long-term allies. Russia’s refusal to back EU sanctions against Myanmar and the use of its United Nations Security Council veto to help the country when it was still under the tight grip of a military dictatorship, has […]

Russia’s Bashneft latest to deal in Myanmar

NAYPYITAW, Myanmar, Aug. 11 (UPI) — Russian oil company Bashneft announced Monday it secured the rights to serve as the operator at an exploration program in central Myanmar. The oil company said it signed a production sharing contract to develop an oil basin alongside Myanmar Oil and Gas Enterprise at a ceremony in Naypyitaw, the […]