MYANMAR CONCLUDED AGREEMENT OF PETR (r)

[simon_billenness@xxxxxxxxxxxx]

Subject: Re: MYANMAR CONCLUDED AGREEMENT OF PETROLEUM AMERICAN COMPANY (fwd)

The American company mentioned in the story below is most likely Baker
Hughes Inc., a Houston-based oil service company.

Baker Hughes Inc.
3900 Essex Lane
Suite 1200
Houston, TX 77027-5115

Notice how the SLORC presents any investment in Burma as proof of its
legitimacy. This article clearly shows how investment in Burma lends
political moral and psychological support to the SLORC.

Simon Billenness

>From: "W. Kesavatana-Dohrs" <dohrs@xxxxxxxxxxxxxxxx>
>Subject: MYANMAR CONCLUDED AGREEMENT OF PETROLEUM AMERICAN COMPANY (fwd)
>
>English Translation
>
>The Nihon Keizai Shimbun, October 9, 1996
>(Repoter: IINO, Katsuhiko on 7th at Yangon)
>
>MYANMAR CONCLUDED AGREEMENT OF PETROLEUM AMERICAN COMPANY
>
>FOREIGN INVESTMENT FROM APRIL TO SEPTEMBER REACHED 2.5 TIMES MORE.
>
>On 7th, reporter of the Nihon Keizai Shimbun interviewed with the
>Secretary of Myanmar Investment Commission (MIC) Brig. Maung Maung.
>
>In this interview, Brig. Maung Maung disclosed that the amount of
>foreign investment during the first half of =9196 fiscal year (Year -
>September) reached more than one billion dollars which is 2.5 times
>more than the first half of the previous fiscal year. At the same
>time, he told us that on 6th of this month, the American "Bakers House
>Company" concluded "Performance Compensation Agreement" with a Myanmar
>state run enterprise. The agreement is for mining crude oil at Mann
>Oil Field located in Nothern Myanmar.
>
>He also said "Recent worse relationship with America such as placing
>visa under ban each others do not harm desire of investment of
>American enterprises at all."
>
>During October 1988, when Myanmar started to accepted investment and
>end of September this year, total amount of approved foreign
>investment is 4,407 million dollars. The country invested largest
>amount is :
>
>Singapore=09US$ 1,122 millions
>U.K.=09=09US$ 1,003 millions
>France=09=09US$    499 millions
>Malaysia=09                   US$    436 millions.
>
>The main fields of investments are development of petroleum and
>natural gas, then hotel and tourism.
>