Myanmar earns about US$3.5 B from natural gas export

Description: 

"Myanmar earned about US$3.5 billion from natural gas export within 11 months in this fiscal year and earned over US$430 million more in the same period in the last fiscal year, said an official from the Ministry of Commerce. Myanmar is producing 3.32 million barrels of crude oil and 623 trillion cubic feet of natural gas from 86 oil and gas wells in inshore and offshore oil fields in third year of this government term, according to the ministry. Myanma Oil and Gas Enterprise and its partner companies explored 40 oil and gas wells in onshore oil fields this year and produced 2.31 million crude barrels and 19.019 trillion cubic feet of natural gas. Moreover international companies explored 46 oil and gas wells in offshore oil fields and produced 1.02 million oil barrels (condensate) and 604.818 trillion cubic feet of natural gas. The total production is 3.2 million crude barrels and 623.838 trillion cubic feet of natural gas. The ministry is planning to invite tender to international companies for 18 inshore oil blocks and 15 offshore oil blocks to increase the production of oil and natural gas..."

Creator/author: 

Zeya Nyein

Source/publisher: 

"Eleven Media Group"

Date of Publication: 

2019-09-16

Date of entry: 

2019-09-17

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar

Language: 

English

Resource Type: 

text

Text quality: 

    • Good