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 […]

China-Myanmar Oil Pipeline Opens Enhancing Tie

BEIJING: Crude oil began flowing from Myanmar to China over a 1,420 km long pipeline putting the relationship between the two countries on better footing. The oil reached Ruili, a border city of in China’s Yunnan Province at 4 p.m. on Friday according to the state owned China National Petroleum Corporation, which built the pipeline. Oil will flow through the pipe at a speed of […]

Villagers in Myanmar Describe the Destructive Power of China’s Building Frenzy

Kyaukphyu, Myanmar — President Xi Jinping of China is hosting a conference in Beijing this weekend to showcase one of his biggest gambles: a planned investment in pipelines, ports, trains, roads and other projects to link China to much of the rest of the world, including Europe and Africa. Called One Belt, One Road, the multibillion-dollar initiative seeks to generate business for China’s state-owned enterprises […]

China’s Trans-Myanmar Pipeline to Start Pumping Oil in May

A pipeline pumping crude oil from Myanmar ’s Rakhine coastline into Yunnan Province in China will finally be operational in May after several delays, according to the Thura Swiss market research company based in Yangon. An official from investors Southeast Asia Crude Oil Pipeline (SEAOP) was cited in local and Chinese media reports this week […]