A group of Nobel Peace Prize recipients is urging oil and gas companies to avoid doing business in Burma.
Sources: Irrawaddy News
Weekly Business Roundup (March 6, 2010)
The energy exploration and production industry in Burma uses slave labor and steals land from ordinary Burmese people, the Nobel Women’s...
News Weekly Business Roundup (March 6, 2010) The Pohang Iron and Steel Company, known as POSCO, is seeking a controlling stake in South Korea’s Daewoo International, which heads the foreign consortium developing the Bay of Bengal gas field. POSCO is a multi-billion dollar business ranked as...
March 4, 2010: India is investing $US1.35 billion in gas projects in military-ruled Burma, the two governments have announced, as the neighbouring nations pursue closer economic and diplomatic ties.
Sources: Democratic Voices of Burma
India’s Oil and Natural Gas Corp (ONGC) and Gas Authority...
March 3, 2010: South Korea’s steelmaker POSCO has submitted a bid for a controlling stake in Daewoo International, operator of Burmese Shwe gas project, to Korea Asset Management Corporation (KAMCO).
Sources: Upstream Online
KAMCO is leading the stake sale as the largest shareholder, according...
March 2, 2010: South Korea’s business stranglehold on Burma’s major offshore Shwe gas field development has been underlined by the US $1.4 billion contract awarded to Hyundai Heavy Industries by Daewoo International.
Sources: Irrawaddy News
Weekly Business Roundup (March 2, 2010)
Although the...
