Gas Corporation – 4.1735; and GAIL India Corporation – 4.1735pc.
Oil pipeline: 771km long, 32 inches in diameter
Construction of the oil pipeline started in September last year and is intended to finish in September, 2013.
When completed, the pipeline should be able to transport 23 million tonnes...
Workers build a road near Kyaukpyu as a truck carrying pipeline passes by. Pic: Juliet Shwe Gaung
WORK on an ambitious US$4 billion oil and gas project linking Rakhine State to China’s Yunnan Province is marching forward relentlessly but locals in project areas are reporting a number of concerns.
When...
Burma’s aging three oil refineries, which produce only a meager number of barrels per daily, will be privatized, say government authorities.
The government will privatize all state-owned oil refineries in a bid to have them modernized and turned into effective operations, Biweekly Eleven News reported...
Artist’s impression of how the finished Dawei project will look. (Photo: daweidevelopment.com)
Transparency and accountability are crucial to ensure the Dawei (Tavoy) deep-sea port project in southern Burma does not adversely affect local people or the environment, claim human rights activists.
The...
Nexen Inc., the 12th largest energy company in Canada, had agreed to a $15-billion takeover by CNOOC — the China National Offshore Oil Company. This marked China’s largest foreign acquisition, the most substantial buyout by an Asian firm in Canada, and an alarming story, given that the company is...
Europe oil firms to participate in Myanmar oil tender
(Reuters) – European oil firms will participate in Myanmar’s first oil exploration tender since the easing of Western sanctions, but U.S. companies might wait for more concrete reforms, the head of a local oil firm said.
The tender will...
Burma’s environment law undergoes revisions
Rangoon (Mizzima) – Burma’s new Environmental Conservation Law (ECL) is in the process of final revisions and should be completed by the end of this year, according to reports.
U Ohn, an conservationist with FREDA
A chief concern among environmentalists...
Aung San Suu Kyi. (Getty)
Burma is opening its economy to the outside world for the first time in decades. While many see sizable profits, there are still hurdles that investors must consider.
There have been significant political changes in Burma over the past year and a half. Aung San Suu Kyi...
Mr Jonas Moberg, head of the Extractive Industries Transparency Initiative’s International Secretariat, speaks at a press conference in Yangon on July 17. Pic: Boothee
THE head of the Extractive Industries Transparency Initiative said the outcome of his team’s visit to Myanmar last week was “well...
PTT to invest up to $3b in Myanmar
BANGKOK – PTT Pcl, Thailand’s top energy firm, said on July 17 it planned to invest US$2 billion to $3 billion in projects in Myanmar, including a 150,000-barrel-per-day refinery, coal mines and a power plant, as part of its drive to expand in Southeast Asia.
State-controlled...
