Jade sector ranked 83rd among 89 countries assessed

An institution that ranks countries rich in natural resources has given failing or poor marks to the governance of Myanmar’s gemstone and oil and gas sectors. The 2017 Resource Governance Index assesses how a country manages their oil, gas and mining resources in order for all people in a resource-rich country to benefit. Myanmar’s gemstone […]

Seven firms face fines if ‘Death Highway’ is not repaired on schedule

The seven companies hired to upgrade Myanmar’s notorious “death highway” will be fined if they do not complete their work on schedule, Soe Tint, deputy minister of construction told Parliament yesterday. The deputy minister also admitted he had seen no evidence that any of the companies, which include some of Myanmar’s largest conglomerates, had started […]

Onshore production sharing deals set to be inked this month

Production sharing contracts for onshore blocks will be signed this month after a half-year delay, according to Ministry of Energy officials. Winners for 16 onshore blocks were announced in October last year, but negotiations on the production sharing contracts necessary for exploration and production to begin have been slow-going, according to an official from the […]