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Representatives call for review of SOE law

Representatives of Parliament have urged lawmakers to review an existing law under which the government must bail out loss-making State-owned enterprises (SOEs) with public funds. A total of 17 out of the 26 Myanmar SOEs under the Union budget are expected to turn a profit in 2018-19, commencing October 1, according to the Ministry of […]

Gas Discovered at Block A-6 Offshore Well in Southern Rakhine

Gas has been discovered at a deep water exploration well in Block A-6 of the Southern Rakhine Basin in the Bay of Bengal, according to government officials and statements made by operators of the block. Gas was tested to be flowing at 50 million cubic feet per day. Test drilling began at the Pyi Thit-1 […]

Myanmar to Receive Revenues from China-Myanmar Crude Oil Pipeline

Myanmar will gain financially from the China-Myanmar crude oil pipeline, which began operations in early April after the two countries signed an agreement for the transport of crude oil, said officials. The crude oil transport agreement was signed on April 10 in Beijing during president U Htin Kyaw’s state visit to China. Now, imported crude […]

North Sea Expertise Supporting Myanmar’s Deep Water Exploration

The Secretary of State for Scotland David Mundell visited Myanmar on April 3-5 to promote and discuss developments of UK-supported projects in offshore oil and gas sector. The projects were initiated back in September 2015 when U Pe Zin Tun, as permanent secretary of the Ministry of Energy, led a delegation to Aberdeen. With the […]

Myanmar-China Crude Oil Pipeline to Commence Next Month

​ After a two-year delay, the Myanmar-China crude oil pipeline is expected to begin operating in May, officials said this week. The respective parties of Myanmar and China were discussing the terms and conditions on the crude oil pipeline operation since its soft opening launched in early 2015, according to officials. “The crude oil pipeline […]

Unofficial Tenants Warned to Move off Explosive Gas Pipelines

Several unofficial shanty towns erected around Yangon are at risk of triggering an explosion as they were built above old, unreliable gas pipelines, according to a government official. Shwe Pyi Thar township’s Danyingone Market is considered to be on particularly dangerous turf. Hundreds of makeshift dwellings and shops have popped up above the Shwe Pyi […]

New China Refinery Faces Delay as Myanmar Seeks Extra Oil Tax: Sources

A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the Southeast Asian nation, two senior Chinese industry sources said. PetroChina parent CNPC early last year began trial operations of a deep sea port and 2,400-km (1,490 […]

Jereh Group wins China-Myanmar gas storage contract

Jereh Group has been awarded an engineering, procurement and construction contract for a gas storage project in Guizhou province, China, it said September 21. The scope includes a natural gas liquefaction plant with the production capacity of 10.59mn ft³/d and a supporting storage tank of 5,000 m³. The project will back up supplies through the […]

Shell paves road to Myanmar success with its own bitumen

YANGON — Royal Dutch Shell is diversifying its operations in Myanmar, aiming to promote its brand and strengthen ties with the new civilian government. The Anglo-Dutch oil company’s primary focus in the country is offshore resource development. Recently, though, it has been pushing to sell more finished products such as bitumen and lubricants. It hopes this […]

Myanmar to export 515b cubic ft of gas this FY

Myanmar is expected to export 515b cubic ft of natural gas this fiscal year while keeping 160.6b cubic ft for local use, according to the second National Development Plan (NDP), reported on Natural Gas Asia.com. The main Myanmar gas projects; Yadana, Yedagun, Zawtika and Shwe are expected to bring in the lot with 206.2b cubic […]