Petronas cuts workers at Yetagun gas field
Amid a general decline in production, Malaysian oil and gas firm Petronas has reportedly begun cutting workers at its offshore sites in Myanmar’s Yetagun gas field. The news came from a Petronas employee speaking to the Myanmar Times under the
Power subsidies extended till end of the year
The government will continue providing free power until at least the end of the year as part of the COVID-19 Economic Relief Plan (CERP). The Ministry of Electricity and Energy (MOEE) announced this week that the CERP power subsidies, which began in
Indian gas firm ups investment
ONGC Videsh, India’s state-owned overseas-focused energy firm, will add USD 121 million to its already sizable investment in oil and gas blocks on the Rakhine State coast. The funding, which was recently approved by India’s Cabinet Commit
Two new oil refineries planned
The Ministry of Electricity and Energy announced plans for two new high-quality oil refineries to be constructed along the Myanmar-China Crude Oil Pipeline. Speaking to members of the press, permanent secretary of the ministry, U Tin Maung Oo, said t
Korean power project comes amid desperate supply gaps
A South Korean company will build a new 40 megawatt power plant in Bago, the company said, becoming the latest foreign firm to answer Myanmar’s desperate call for new power projects. The firm, MCM Power Company, will invest USD 35 million in a
