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Drilling of new wells in Shwe gas field project to start early 2020

The overall Shwe natural gas project includes the A-1 and A-3 blocks. The A-block contains Shwe and Shwe Phyu fields and A-3 contains the Mya field. The eight development wells will be dug first at the Shwe and Shwe Phyu fields in block A-1and the work is expected to take eight months. Once the wells […]

China-Myanmar oil pipeline carries 5 mln tonnes crude in H1

KUNMING, July 21 (Xinhua) — China imported 5 million tonnes of crude oil via the China-Myanmar oil and gas pipeline in the first half (H1), up 2.7 percent year on year, according to the Kunming Customs in southwest China’s Yunnan Province. The customs statistics available on Sunday showed that the import value amounted to 17.27 […]

Government reveals plans to build first modern oil refinery in Myanmar

State-owned Myanma Petrochemical Enterprise (MPE) is planning to build a new oil refinery near an existing state-run facility in Magwe Region, Daw Yin Yin Aung, deputy director of MPE, told The Myanmar Times. The government intends for the project to be implemented in cooperation with the private sector under a Public Private Partnership, in line […]

Myanmar to Get Better Profit-Sharing Deal in Rakhine Port Project

Myanmar is set to receive a greater amount of the profit-sharing in a $7.2 billion deep-sea port development project in the town of Kyaukphyu in western Rakhine state, though negotiations with the main Chinese investor are ongoing, a commerce ministry official said Monday. A consortium led by CITIC Group Corporation Ltd., China’s state-owned investment company, […]

Woodside delays Myanmar gas drilling as early results disappoint

Australia’s Woodside Petroleum (WPL.AX) and its partners have deferred gas exploration plans in Myanmar until 2018 after some disappointing drilling results, according to four people familiar with the situation. Woodside and its partner, French oil and gas major Total TOTF.SA, have targeted Myanmar as a key source of growth, as it is rich in gas […]

Pacific Hunt Energy Awards Seismic Contracts to BGP inc., CNPC

Singapore – August 22nd, 2017. Pacific Hunt Energy (the “Company”) is pleased to announce that it has acquired Myanmar Oil & Gas Enterprise´s approval to award 2D Land Seismic Survey Contracts for Myanmar PSC Block H and PSC Block C-1 to BGP Inc., China National Petroleum Corporation (“BGP Inc., CNPC”). The seismic land survey contracts […]

The ‘Belt and Road’ Projects China Doesn’t Want Anyone Talking About

Kunming, Yunnan’s provincial capital, occupies a key place in China’s economic diplomacy efforts as the terminus of oil and gas pipelines from the Bay of Bengal and the starting point of a planned railway network winding through Indo-China to Singapore. But the provincial authorities have obscured the location of a brand new, 29.2 billion yuan […]

Groups demand compensation for impact of Myanmar-China pipeline

Fourteen findings of environmental impact along the Myanmar-China oil and gas pipeline and seven demands by Pyin Oo Lwin farmers in Mandalay have been released and will be submitted to the government. The findings and demands were released by a workshop held in Pyin Oo Lwin on July 6 by the Sein Lan Pyin Oo […]

Gas-fired plant in Mandalay to operate with BOT agreement

The biggest gas-fired power plant, with a capacity of 225 megawatts, will start operations in December this year in the Taungtha and Myingyan district in Mandalay Region, a senior official from the Ministry of Electricity and Energy (MOEE), told The Myanmar Times. The project, which is estimated to involve US$300 million (K410.18 billion) investment, is […]

Kyaukphyu: Asia’s Next Commercial Hub to Rival Singapore and Hong Kong

In a 13-minute project promotion video China International Trust and Investment Company (CITIC) celebrates the wonder of Asia’s rapid development with portraits of the pre-industrial ports of Singapore, Hong Kong and Taiwan’s Daxi fade into their modern incarnations of high-rise glass and steel marvels. The final image, however, is particularly jarring: a container ship approaches […]