Neighborhood Rivalry ‘Puts Myanmar’s Oil and Gas Sector at Risk’

Myanmar will struggle to attract new investment in oil and gas development because of a global industry slump and new competition from neighboring countries, a report said. Naypyidaw’s problem is compounded by the fact that Myanmar is increasingly being seen as an investment risk, Asia Oil & Gas Monitor said last week. With Myanmar still […]

Myanmar’s Oil Production Tipped to Decline; Fuel Imports to Increase

Myanmar will become increasingly dependent on imported crude oil and refined fuels over the next ten years because of a lack of planning and investment, an industry report has forecast. A rise in crude oil imports is highly likely in spite of an expected upsurge in onshore and offshore exploration in coming years, while underinvestment […]