Oil and Gas and the Debate over ‘Quality’ Investment

Oct 19, 2014 | Mizzima
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Not enough Myanmar companies are benefitting from foreign investment in the oil and gas sector, says Parami Energy group chairman and chief executive officer U Ken Tun.

U Ken Tun says that of the companies operating in or providing services to the sector, fewer than five percent are Myanmar.

Most of the foreign companies in the sector rely on other overseas-based companies to provide services, he toldMizzima Business Weekly.

U Ken Tun also has concerns about the total amount of foreign investment going into oil and gas compared to other sectors.