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Home > Main Library > Economy > Investment in Burma/Myanmar > Foreign investment in oil and gas > Oil and gas - general

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Oil and gas - general

Websites/Multiple Documents

Title: Burma Sees Foreign Investment Topping $5b in 2014-15
Date of publication: 17 September 2014
Description/subject: "Burma has revised its forecast for foreign direct investment (FDI) to more than US$5 billion for the fiscal year that began in April, a senior official said on Tuesday, surpassing earlier expectations and led by new ventures in energy and telecoms. The figure exceeds an earlier estimate of $4 billion, with investments in the first five months of this fiscal year worth $3.32 billion, said Aung Naing Oo, secretary of the government-run Myanmar Investment Commission (MIC)"...
Author/creator: AUNG HLA TUN
Language: English
Source/publisher: The Irrawaddy
Date of entry/update: 20 September 2014


Title: Oilwatch-SEA
Language: English
Source/publisher: oilwatch-SEA
Format/size: html
Date of entry/update: 23 November 2004


Individual Documents

Title: Myanmar delays energy tender to improve transparency
Date of publication: 05 September 2012
Description/subject: Myanmar has delayed an oil and gas exploration tender to meet the transparency standards of the Western energy majors lining up, many for the first time, to invest in the rapidly reforming nation, a senior energy ministry official said.
Language: English
Source/publisher: Reuters via Arakan Oil Watch
Format/size: html
Date of entry/update: 13 September 2012


Title: Burma’s Frontier Appeal Lures Shadowy Oil Firms
Date of publication: 09 May 2012
Description/subject: While the major non-American Western oil companies adopt and wait-and-see policy and US firms remain barred by Washington’s sanctions, shadowy oil enterprises are gaining footholds in Burma. Among firms which have recently won licenses to explore for oil and gas are little-known businesses based in Panama, Nigeria and Azerbaijan—countries where corporate accountability can be murky. Not only does the bidding process remain opaque, the pedigree of some of the participants is too..."
Author/creator: William Boot
Language: English
Source/publisher: "The Irrawaddy"
Format/size: html
Date of entry/update: 20 May 2012


Title: Natural Gas Export Revenue, Fiscal Balance and Inflation in Myanmar
Date of publication: March 2010
Description/subject: Abstract: "While natural gas exports have brought a large amount of foreign currency revenue to the Government of Myanmar, their contribution to reducing monetization of the fiscal deficit and disinflation has been obscure. The immediate reason is that under the country's dual exchange rate system, the revenue is converted at the grossly overvalued official rate which undervalues it in terms of the local currency by 1/200. However, devaluation would only improve the fiscal balance and not reduce the excess money supply since the central bank cannot sterilize the impact of the foreign reserve increase. As a policy reform to utilize the revenue for disinflation, this study proposes deregulation of the strict controls on foreign exchange."... Keywords: Myanmar, Disinflation, Natural Resource Exports, Dual Exchange Rates
Author/creator: Koji KUBO
Language: English
Source/publisher: Institute of Developing Economies (IDE), JETRO
Format/size: pdf (495K)
Date of entry/update: 19 April 2010


Title: The Caribbean Connection
Date of publication: August 2008
Description/subject: Gas and oil companies are using offshore tax havens to disguise their investments in Burma... "BANGKOK — GAS and oil companies are using British offshore tax havens in the Caribbean and Bermuda to disguise their investments in Burma, avoiding international sanctions and public attention. Enlarge Image Despite US and EU sanctions, intended to isolate the military regime and force democratic change, Burma’s natural gas industry in particular is booming. Some of the investment comes from neighboring China, Thailand and India, countries that oppose sanctions. However, human rights campaigners say there is still considerable financial involvement by Western companies—and much of it is camouflaged..."
Author/creator: William Boot
Language: English
Source/publisher: "The Irrawaddy" Vol. 16, No. 8
Format/size: html
Date of entry/update: 17 August 2008


Title: Ist Burma der nächste Iran?
Date of publication: 15 February 2006
Description/subject: Die Militär-Junta von Myanmar (Burma) strebt vermutlich nach der Atombombe. Während die ganze Welt auf den Iran schaut, gehen in Myanmar Veränderungen vor, die das Schlimmste befürchten lassen: Neu entdeckte Erdgasreserven machen das Land zu einem der wichtigsten Gaslieferanten in Asien. China kooperiert militärisch und wirtschaftlich mit Myanmar, Russland will zivile Nukleartechnik liefern und über Kontakte zu Nordkorea wird gemunkelt. US-Sanktionen, sino-burmesisches Verhältnis, sowjetisch-burmesisches Verhältnis; Außenpolitik; New gas ressources; foreign policy; sino-burmese relations; soviet-burmese relations
Author/creator: Ian Bremmer
Language: German, Deutsch
Source/publisher: Slate/Global Agenda
Date of entry/update: 23 August 2007