Oil and gas - general

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Description: "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)"...
Creator/author: AUNG HLA TUN
Source/publisher: The Irrawaddy
2014-09-17
Date of entry/update: 2014-09-20
Grouping: Websites/Multiple Documents
Language: English
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Source/publisher: oilwatch-SEA
Date of entry/update: 2004-11-23
Grouping: Websites/Multiple Documents
Language: English
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Description: "The Pyinoolwin Green Organization claims that despite their efforts to highlight the environmental damage caused by the building of the Sino-Myanmar oil and gas pipeline, officials have done little to respond. Sai Min Latt from Pyinoolwin Green Organization said, “The gas pipeline has destroyed springs and other water sources but the local people do not understand this. We presented the destruction of the ecosystem and forest to the officials concerned but they did not take any effective measures. So we do not know what we shall do as they did not do anything in response to our presentations. So I came to this opening ceremony of a school built by the company held today to tell them this is not enough for the destruction they caused.” Sai Min Latt expressed these concerns during the handing over ceremony of a school donated by SEAOP-SEAGP Sino-Myanmar oil and gas pipelines, held in Thone Daung village, Pyinoolwin Township on October 25. “The local people want to see the repair of the damage of ecosystem caused by the building of this Sino-Myanmar gas and oil pipeline. Not only giving this school building. They want the company to give them other things that are needed. Pyinoolwin was once a famous hill resort but now destruction of ecosystem worsens climate change damage here,” he added..."
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Source/publisher: "Mizzima" (Myanmar)
2019-10-26
Date of entry/update: 2019-10-26
Grouping: Individual Documents
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Description: "China imported about 400 million cubic feet of natural gas from Shwe natural gas project in Rakhine offshore and about 16,000 tonnes of crude oil from Made Island in Rakhine State daily, according to the Ministry of Electricity and Energy. Myanmar is consuming about 100 million cubic feet of natural gas daily. The Sino-Myanmar natural gas pipeline is started from Yanbye Island, Kyaukphyu Township to China through Rakhine State, Magway Region, Mandalay Region and Shan State. The oil pipeline has 771 kilometers in length and natural gas pipeline has 793 kilometers in length. Myanmar exported 5 million tonnes of crude oil and 1.68 million tonnes of natural gas via the China-Myanmar oil and gas pipeline from January to June this year and the export is more compared with last year's export in the same period, according to a report from Xinhua news agency. The import value amounted to 17.27 billion Yuan (about 2.51 billion U.S. dollars), up 9.2 percent year on year with the average import price reaching 3,443.8 Yuan per tonne, up 6.4 percent year on year. Meanwhile, the imports of natural gas from Myanmar amounted to 1.68 million tonnes (equivalent to 2.5 billion cubic meters), down 2.3 percent from the same period of last year, with a total value of 5.89 billion Yuan (over US$800 million), up 11.7 percent from the same period of last year. The average import price was 3,499.2 Yuan per tonne, up 14.4 percent year on year..."
Source/publisher: "The Nation" ( Thailand)
2019-10-09
Date of entry/update: 2019-10-09
Grouping: Individual Documents
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Description: "Myanmar earned about US$3.5 billion from natural gas export within 11 months in this fiscal year and earned over US$430 million more in the same period in the last fiscal year, said an official from the Ministry of Commerce. Myanmar is producing 3.32 million barrels of crude oil and 623 trillion cubic feet of natural gas from 86 oil and gas wells in inshore and offshore oil fields in third year of this government term, according to the ministry. Myanma Oil and Gas Enterprise and its partner companies explored 40 oil and gas wells in onshore oil fields this year and produced 2.31 million crude barrels and 19.019 trillion cubic feet of natural gas. Moreover international companies explored 46 oil and gas wells in offshore oil fields and produced 1.02 million oil barrels (condensate) and 604.818 trillion cubic feet of natural gas. The total production is 3.2 million crude barrels and 623.838 trillion cubic feet of natural gas. The ministry is planning to invite tender to international companies for 18 inshore oil blocks and 15 offshore oil blocks to increase the production of oil and natural gas..."
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Source/publisher: "Eleven Media Group"
2019-09-16
Date of entry/update: 2019-09-17
Grouping: Individual Documents
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Description: 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.
Source/publisher: Reuters via Arakan Oil Watch
2012-09-05
Date of entry/update: 2012-09-13
Grouping: Individual Documents
Language: English
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Description: 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..."
Creator/author: William Boot
Source/publisher: "The Irrawaddy"
2012-05-09
Date of entry/update: 2012-05-20
Grouping: Individual Documents
Language: English
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Description: 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
Creator/author: Koji KUBO
Source/publisher: Institute of Developing Economies (IDE), JETRO
2010-03-00
Date of entry/update: 2010-04-19
Grouping: Individual Documents
Language: English
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Description: 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..."
Creator/author: William Boot
Source/publisher: "The Irrawaddy" Vol. 16, No. 8
2008-08-00
Date of entry/update: 2008-08-17
Grouping: Individual Documents
Language: English
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Description: 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
Creator/author: Ian Bremmer
Source/publisher: Slate/Global Agenda
2006-02-15
Date of entry/update: 2007-08-23
Grouping: Individual Documents
Language: German, Deutsch
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