Myanmar bars foreign firms from new onshore oil and gas exploration
Tue, 19 April 2005
MYANMAR’S military government has barred foreign firms from onshore oil and gas exploration and production, choosing to reserve the operations for state enterprises, the Myanmar Times reports.
The report did not say whether existing contracts with foreign firms would be terminated. The energy ministry has sent letters to foreign firms that are seeking exploration and production rights for onshore blocks, explaining that the blocks would be reserved for its Myanma Oil and Gas Enterprise, the semi-official weekly newspaper cited ministry official as saying.