Japan, Brunei eye Myanmar oil investment

Japan, Brunei eye Myanmar oil investment
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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

[caption id="attachment_7115" align="alignleft" width="290"] Myanmar offshore oil well[/caption] 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...

Japan, Brunei eye Myanmar oil investment
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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply