March 13, 2019 admin

In the latest number of the Swedish magazine Arbetet Global, in depth story about the oil industry in Myanmar. Political sanctions, one of the world’s longest civil wars and 50-year of isolation during the military regime, have hampered any foreign investments and developments in the oil industry. This has also resulted in Myanmar being one of the poorest countries in Southeast Asia, despite

its abundant natural resources. After the 2010 general elections and the dissolution of the military
junta, Myanmar has opened up for foreign investment. Its natural gas reserves of 1,820 billion
cubic feet and crude oil reserves estimated at 139 million barrels, have been attracting oil giants
such as Total, Shell, Chevron and others. However, development is progressing slowly and large
companies are struggling with the high costs and risky prospecting processes…

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