Myanmar govt expected to earn Ks 1.8 trillion from natural resources this year

State-owned enterprises extracting natural resources are expected to earn over Ks 1.8 trillion during the 2017-2018 fiscal year, according to this year’s budget statement. Those enterprises are the Myanmar Oil and Gas Enterprise, the No 1 Mine Industry, the No 2 Mine Industry and the Myanmar Gems Enterprise. Between April 2017and March 2018, the Myanmar […]

Offshore block winners announced

The Ministry of Energy today announced the winners of the highly anticipated tender to explore gas and oil in 20 offshore blocks, a list that includes several global firms including Royal Dutch Shell, US-based ConocoPhillips and France’s Total. Myanmar Oil and Gas Enterprise (MOGE) invited tenders for 30 offshore blocks in April, attracting interest from […]