Japan, Brunei eye Myanmar oil investment

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Myanmar offshore oil well

Japan and Brunei are at the forefront of investing into the oil and gas business in Myanmar, latest data from Myanmar’s Directorate of Investment and Company Administration (DICA) shows.

Mitsui Oil Exploration Company Limited, a internationally active Japanese oil and gas exploration and extraction company has been in talks with DICA for investment potential in Myanmar.

Senior vice-president Masanari Nagai and general manager Ken Takagi met high officials of DICA and discussed a potential cooperation in gas and oil exploration in Myanmar’s capital Naypyitaw on February 13.

Similarly, Brunei National Petroleum Company expressed their interest to work in Myanmar natural gas and oil sector, as well as Brunei Shell Petroleum and Brunei LNG, according to local media reports. The moves could mark the first foray for Brunei businesses into Myanmar, which has seen unprecedented interest from foreign investors since the suspension of economic sanctions earlier this year.

 

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Reading Time: 1 minute

Myanmar offshore oil well

Japan and Brunei are at the forefront of investing into the oil and gas business in Myanmar, latest data from Myanmar’s Directorate of Investment and Company Administration (DICA) shows.

Reading Time: 1 minute

Myanmar offshore oil well

Japan and Brunei are at the forefront of investing into the oil and gas business in Myanmar, latest data from Myanmar’s Directorate of Investment and Company Administration (DICA) shows.

Mitsui Oil Exploration Company Limited, a internationally active Japanese oil and gas exploration and extraction company has been in talks with DICA for investment potential in Myanmar.

Senior vice-president Masanari Nagai and general manager Ken Takagi met high officials of DICA and discussed a potential cooperation in gas and oil exploration in Myanmar’s capital Naypyitaw on February 13.

Similarly, Brunei National Petroleum Company expressed their interest to work in Myanmar natural gas and oil sector, as well as Brunei Shell Petroleum and Brunei LNG, according to local media reports. The moves could mark the first foray for Brunei businesses into Myanmar, which has seen unprecedented interest from foreign investors since the suspension of economic sanctions earlier this year.

 

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