Printer Friendly

Myanmar plans offshore oil exploration with Vietnam

Myanmar's state oil company is to explore offshore oil and gas in a joint venture with two Vietnam companies, state media reported Saturday.

It allows the companies to explore supplies in the Gulf of Martaban Noun 1. Gulf of Martaban - an arm of the Andaman Sea off southern Myanmar
Andaman Sea - part of the Bay of Bengal to the west of the Malay Peninsula
, south of Myanmar in the Andaman Sea Andaman Sea

Sea, eastern extension of the Bay of Bengal. Bounded by the Andaman and Nicobar Islands, Myanmar, the Malay Peninsula, and the Strait of Malacca and Sumatra, it covers some 308,000 sq mi (798,000 sq km). Trading vessels have plied the sea since ancient times.

Myanma Oil and Gas Enterprise of the Ministry of Energy signed the deal Tuesday with Petrovietnam Exploration Production Corporation Ltd and Joint Venture Vietsovpetro of the Vietnam and Eden Group Co Ltd of Myanmar, the New Light of Myanmar newspaper said.

It allows the companies to explore supplies in the Gulf of Martaban, south of Myanmar in the Andaman Sea.

Myanmar, one of the poorest countries in the world, sells natural oil and gas to neighbouring energy hungry countries such as China and Thailand to earn much-needed foreign currency.

The United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and European countries have banned the import of Myanmar's natural resources because of its human rights record and continued detention The act of keeping back, restraining, or withholding, either accidentally or by design, a person or thing.

Detention occurs whenever a police officer accosts an individual and restrains his or her freedom to walk away, or approaches and questions an individual, or stops an
 of pro-democracy leader Aung San Suu Kyi Aung San Suu Kyi (oung sän s chē), 1945–, Burmese political leader. .

Myanmar has been ruled by the military since 1962.
Copyright 2008 AFP Asian Edition
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright (c) Mochila, Inc.

 Reader Opinion




Article Details
Printer friendly Cite/link Email Feedback
Publication:AFP Asian Edition
Date:Oct 4, 2008
Previous Article:Lawmakers hope for investor optimism after Bush signs bailout
Next Article:China welcomes US financial rescue deal

Related Articles
The Other Non-OPEC Regions.
NIGERIA - China Eyes Gas E&P.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters