The Ministry of Energy called an emergency meeting yesterday after an unnamed official told state newspaper Myanma Alinn that bidding rounds for oil and gas blocks would be announced next year. “In 2016, we will announce bidding rounds for 26 oil and gas blocks including onshore and offshore. The future bidding rounds are aiming to […]
Approved investment spikes in April with oil and gas projects
May 28, 2015 by
pproved Foreign Direct Investment approvals jumped in April on the back of significant declared investment in the oil and gas industry, according to statistics. A total of US$2.2 billion worth of declared investments were approved in April, with more than $2 billion of that from the oil and gas sector. The government has targeted $6 […]
UK govt promotes Myanmar oil and gas opportunities
January 14, 2015 by
The British government has just released a report championing the good opportunities for British companies interested in investing in Myanmar’s oil and gas sector. “Opportunities for British companies in Myanmar’s oil and gas sector” is a 16-page report published January 9 by the UK Trade and Investment department. The report claims Myanmar is “one of […]
MIC confirms disputed tax on FDI
January 13, 2015 by
The Myanmar Investment Commission (MIC) has confirmed the corporate income tax rate stands at 25 percent for companies registered under the Myanmar Companies Act or Myanmar Foreign Investment Law (FIL). The statement follows several months of discussion between various government ministries that corporate rates for some projects such as offshore oil and gas ought to […]
Oil block announcements on the way
February 24, 2014 by
After three months of waiting, the winners in the offshore oil and gas bidding competition are finally set to be announced next month, the Ministry of Energy said. U Htay Aung, the ministry’s chief staff officer, told The Myanmar Times on February 19 that the choice would be announced before the fiscal year ends on […]
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