Myanmar: Myanmar to Open More Oil Exploration Blocks to Investors

Oct 17, 2014 | Channel News Asia
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YANGON: Myanmar is further opening its oil and gas sector to international investors. It will release another 15 oil exploration blocks by the end of next year.

So far, 40 blocks have been awarded to the likes of Total, Shell and Chevron. The number is only half of what is available in the resource-rich nation.

Than Min, Director of Planning Department, Myanma Oil and Gas Enterprise, said: "Our expectations are high to discover more oil and gas. So it will contribute a lot to Myanmar people.
We need to manage revenues from these projects. Then our development programme will be oriented to people development."