India proposes USD 6 billion refinery

A visit by two top Indian officials has ended with a proposal for an India-backed, USD 6 billion petroleum refinery near Yangon. The proposal was discussed in meetings between Myanmar officials and India’s foreign secretary Harsh Vardhan Shring

Dawei SEZ may land new refinery

Myanmar Chemical & Machinery Company (MCM) has submitted a proposal for a new oil refinery in the Dawei Special Economic Zone. The company claims the refinery would have an output of 8 million metric tonnes per annum. If completed, the so-named

Ailing Thai energy firm holds steady in Myanmar

Thai oil and gas firm PTT Exploration & Production (PTTEP) has no plans to divest in Myanmar despite massive losses, the company has said. The pandemic-related market collapse slashed PTTEP’s net profits by 69% in second quarter of thi

New report slams mining transparency

In the wake of one of Myanmar’s worst mining disasters, human rights group Global Witness published a report bashing government efforts to make the mining industry more transparent. The report, titled “Out of the Shadows: Who really contr
5 new projects in oil and gas, real estate and services sectors get green light from MIC

5 new projects in oil and gas, real estate and services sectors get green light from MIC

The Myanmar Investment Commission (MIC) has approved five projects this week in the services, oil and gas and real estate sectors, with investments amounting to USD 65 million. The meeting also allowed additional investments in three existing project
Oil and Gas investments expected to increase in 2020

Oil and Gas investments expected to increase in 2020

Union Minister for Investment and Foreign Economic Relations, U Thaung Tun, voiced optimism for FDI in the offshore oil and gas sector in 2020 thanks to the production kick off in some of the already attributed blocks as well as new proposals for exp