By the numbers: Myanmar-China oil and gas pipelines

Published on Jul 31 2012 // News Update, Related News
By the numbers: Myanmar-China oil and gas pipelines
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...

Employment, complaints flow from pipeline

Published on Jul 30 2012 // Featured Analysis, Slide Show
Employment, complaints flow from pipeline
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 to privatize declining oil refineries

Published on Jul 27 2012 // News Update, Related News, Slide Show
Burma to privatize declining oil refineries
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...

Activists Demand Transparency for Dawei

Published on Jul 26 2012 // News Update, Related News, Slide Show
Activists Demand Transparency for Dawei
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...

Say no to Red oil

Published on Jul 26 2012 // article, Featured Analysis, Slide Show
Say no to Red oil
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

Published on Jul 26 2012 // article, Featured Analysis
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

Published on Jul 26 2012 // News Update, Related News, Slide Show
Burma’s environment law undergoes revisions
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...

Burma: Open for Business?

Burma: Open for Business?
  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...

Govt gives positive signals on EITI

Published on Jul 24 2012 // News Update, Related News, Slide Show
Govt gives positive signals on EITI
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

Published on Jul 24 2012 // News Update, Related News, Slide Show
PTT to invest up to $3b in Myanmar
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...