India Exports Diesel to Myanmar; Aims for Stronger Trade to Contain China

India has been bidding to strengthen socio-economic ties with Myanmar as part of its ‘Act East’ policy but its latest overtures are being viewed as tactics largely aimed at containing Chinese influence. NEW DELHI (Sputnik) — India has dispatched the first consignment of diesel to Myanmar ahead of Prime Minister Narendra Modi’s two-day official visit […]

Numaligarh Refinery becomes Myanmar’s sixth fuel retailer

Assam-based Numaligarh Refinery (NRL), in joint venture with Parami Energy Group, has entered the fuel retailing business in Myanmar. NRL, a subsidiary of BPCL, becomes the sixth fuel retailer in Myanmar, which includes Shell, Total and a clutch of companies from Vietnam and Thailand. Two road tankers, carrying approximately 4,000 gallons of fuel each, will […]

Myanmar urged to focus on human resources

Myanmar’s public and private sectors have been urged to put greater focus on the quality of university and vocational education to address the acute shortage of qualified workers faced by both local and foreign companies. At a seminar on human resources last week, Oliver Massmann, general director of law firm Duane Morris Vietnam, said Myanmar’s […]

Myanmar oil and gas: optimism amid oversupplies and low prices

Despite growing calls for amending their production-sharing contracts in light of plunging oil prices, oil and gas companies operating in Myanmar are still optimistic, as gas was recently discovered in Block A-6. Xavier Preel, general manager of Total E&P Myanmar – one of the three operators of the block – said yesterday that it is […]

Myanmar expects a more vibrant post-election economy

Foreign investors are being wooed to invest more in Myanmar to take advantage of the country’s Asean membership and geographic location, which should enhance its attractiveness after the election in November. “By the end of this year, the Asean Economic Community will be launched. That means our market will be tenfold bigger. We are also […]

Kyaukphyu bidders come from China

The ongoing tender to build portions of Kyaukphyu special economic zone has attracted interest almost entirely from Chinese firms. Of the total 12 companies that have so far entered bids, 11 are from mainland China and the other one is a local company, according to a businessperson close to the situation. The Bid Evaluation and […]