Myanmar: Neighborhood Rivalry ‘Puts Burma’s Oil and Gas Sector at Risk’

Nov 24, 2014 | The Irrawaddy
View Original

Burma will struggle to attract new investment in oil and gas development because of a global industry slump and new competition from neighboring countries, a report said.

Naypyidaw’s problem is compounded by the fact that Burma is increasingly being seen as an investment risk, Asia Oil & Gas Monitor said last week.

With Burma still negotiating the terms of 20 offshore exploration blocks awarded last March and planning to offer another 15 during 2015, neighbors Thailand and Cambodia are between them now trying to attract investment in more than 50 development block licenses, the Monitor reported.