Myanmar launches major new oil tender
- Published: 17 Jan 2013 at 18.45
- Online news: Asia
Myanmar opened up a major portion of its onshore oil blocks for bids Thursday, a move likely to see a surge in interest from Western firms after the removal of sanctions against the once-pariah state.
A general view of a village on the island of Shweri Chai where people traditionnally extract oil from underground deposits on April 10, 2012. Myanmar opened up a major portion of its onshore oil blocks for bids on Thursday, a move likely to see a surge in interest from Western firms after the removal of sanctions against the once-pariah state.
A notice published in the state-run English-language New Light of Myanmar newspaper said 18 blocks were up for grabs in deals that would see firms partner with state energy companies, including the controversial Myanma Oil and Gas Enterprise (MOGE).
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