Myanmar’s oil sector attracts investment

The opening up of Myanmar’s economy after decades of isolation has led to a jump in oil demand, attracting local and foreign investors to build oil storage tanks and a terminal to meet rising consumption. Here are some details on the country’s oil sector. OIL DEMAND Fuel demand rose more than 5 percent to over […]

Myanmar’s Oil Sector Attracts Investment

The opening up of Myanmar’s economy after decades of isolation has led to a jump in oil demand, attracting local and foreign investors to build oil storage tanks and a terminal to meet rising consumption. Here are some details on the country’s oil sector. Oil demand Fuel demand rose more than 5 percent to over […]

Ditching Clunkers, Car Imports Drive Burmese Demand for Oil

SINGAPORE / RANGOON — Burmese businessman Lay has doubled the number of cars he owns to six in just three years, as reforms in Southeast Asia’s poorest country unleash a wave of consumer spending. The opening up of the economy, with a loosening of military rule ending decades of isolation, has meant a surge in […]