Chevron says no plan to exit Thailand, may keep stake in Myanmar gas field

Aug 19 Chevron is committed to its Thailand investments despite job cuts that have spurred rumours of the U.S. oil major’s exit, and may keep a Myanmar gas field stake if no attractive offer is made for the asset, an executive said in a statement on Friday. The U.S. oil major – the country’s largest […]

Myanma Petrochemical Enterprise to invite Expression of Interest (EOI) for Joint Venture Project of No.3 Fertilizer Factory (Kyawzwa); Closing Date: May 4th,2015

  The Republic of the Union of Myanmar Ministry of Energy Myanma Petrochemical Enterprise Title: Request for Letter of Expression of Interest (LOEI) for Joint Venture Project of No.3 Fertilizer Factory (Kyawzwa) 1. The Myanma Petrochemical Enterprise, Ministry of Energy of the Republic of the Union of Myanmar hereby announced an invitation to the experienced […]

Melon market bounces back

Seesawing melon prices are on the up again, thanks to a combination of falling production and rising demand in advance of the Chinese New Year. Honeydew prices are expected to climb to 5.5 yuan (US$0.88) per kilogram, up from a low of 1 yuan at the beginning of the year, say officials from the Myanmar […]

Local energy projects will continue despite oil price collapse, say experts

International companies will not shy away wholesale from Myanmar exploration and production projects despite a collapse in global crude oil prices, according to experts. A panel discussion at the 5th Myanmar Oil and Gas Conference in Yangon on January 29 discussed the possibility that industry players may pull back on investment plans. While Myanmar is […]

Myanmar sets annual limit on future timber demand

YANGON, Dec. 29 (Xinhua) — Myanmar has set an annual limit of 1.16 million tons of timber for future demand despite annual increase in both local and foreign consumption out of growing number of construction projects, according to the state-run Myanmar Timber Enterprise (MTE) Monday. The MTE said logging in 2013-14 fiscal year totaled 925,050 […]

Myanmar’s rice exports, production up in 2014: FAO

Despite a global drop in rice production in 2014, Myanmar increased cultivation and profits from export, according to the Food and Agriculture Organization of the United Nations (FAO). In its December World Rice Watch Report, FAO reported that rice production in Myanmar had been estimated at 28.9 million tons for 2014 by the government, an […]

Rubber producers optimistic about future despite price freefall

Rubber exports are on pace to double by 2016 even as plunging prices hit the international market, according to experts. Prices for sheet rubber fetched 120 baht (US$3.66) a kilogram in Thailand in 2011, but by last week had dropped to 51 baht a kilogram – the lowest in five years, according to Bangkok’s Rubber […]

Petronas executive keen on an Andaman Sea future

Malaysia’s state-owned energy firm Petronas is looking at new opportunities in Myanmar as part of a regional push, according to company senior executives. The firm has won four onshore blocks and intends to participate in future bidding rounds for offshore blocks, said Encik Sharbini Suhaili, vice president of Petronas Upstream International. “We are still looking […]

Foreign firms sign more oil exploration deals with Myanmar

YANGON, Dec. 6 (Xinhua) — Three Indian companies reached more production-sharing contracts with Myanmar on cooperation in offshore oil and natural gas exploration in Nay Pyi Taw over the last two days. Under the contracts, the Oil India Ltd, Mercator Petroleum Ltd, Oilmax Energy Pvt Ltd of India and Oil Star Management Service Co Ltd […]

Pharmaceutical businesses approved for full-fledged foreign investment

Medicine production and private hospital construction can now take place using 100 per cent foreign investment, said Aung Naing Oo, the secretary of the Myanmar Investment Commission at a press conference on Tuesday. “Joint ventures are coming. Some European countries have eyes on this business. Previously, medicine production was restricted here for both the Myanmar […]