Oil-and-gas-5205741

== [http://pressdoc.com/p/000sm2 oil and gas industry] ==

Western sanctions on [http://pressdoc.com/p/000sv6 oil and gas] companies working in Myanmar have been removed and the bidding war began because of its huge reserves, despite charges of corruption and rights abuses of people circling the country's national oil company. [http://pressdoc.com/p/000sv6 oil & gas natural gas]Heidi Vella shines focus on Myanmar's controversial offshore oil and gas industry, which, for better or worse, is on the verge of rapid expansion.
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Myanmar has completed 15 years of military rule in 2010 with the election that is seen internationally as a step towards political reform and democracy. [http://pressdoc.com/p/000sv6 oil and gas news] This prompted the U.S. and other Western countries this year to lift 15 years of sanctions prohibits businesses to engage in economic activity in Myanmar, essentially opens its rich oil and gas reserves for the [http://pressdoc.com/p/000sph oil & gas jobs].

The military junta which had previously led Myanmar, formerly known as Burma, has been constantly accused of corruption and human rights abuses, including the forcible opposition party leader Aung San Suu Kyi is kept under house arrest for 15 years.
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Some critics of the current government believe that nothing much has changed, especially in the state run Myanmar Oil and gas industry, [http://pressdoc.com/p/000sph oil and gas magazine] which is accused by activists groups will be filled with corruption and is responsible for carrying out human rights violations, [http://pressdoc.com/p/000sv6 oil and gas natural gas] leaving many concerned that very few people will land benefit from the open energy market.
Current projects, investments and income

Until sanctions are lifted, Myanmar's offshore oil and gas industry is dominated primarily Asian companies, most notably China, [http://pressdoc.com/p/000sm2 oil and gas production][http://pressdoc.com/p/000sm2 oil & gas prices] which buy gas from the offshore Shwe Gas project leads South Korea's Daewoo. [http://pressdoc.com/p/000sv6 oil & gas industry] China is currently building a 1800 km pipeline from Kyauk Phyu in Arakan in Kunming, which will be active from next year, 2013.

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Other significant projects include offshore Yetagun gas field in the Gulf of Martaban, which contains reserves estimated at 3.2 trillion cubic meters of gas and water PTTEP, [http://pressdoc.com/p/000stb oil & gas news] Thailand national energy company, and the Yadana gas project in the Andaman Sea, which is estimated to contain more than 150 billion cubic feet of natural gas and water Total SA, Chevron and PTTEP.

According to a presentation published by Myanmar's national oil company, Myanmar Oil and Gas Enterprise (vital statistics), last year signed agreements with 14 foreign companies for 30 offshore blocks, with 22 blocks up for grabs. [http://pressdoc.com/p/000sph oil & gas investments] Countries currently interested in these units ConocoPhillips, Hess Corp., Royal Dutch Shell, BP, BG Group and Australia Woodside Petroleum.

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Although terribly poor country, Myanmar's oil and gas industry is one of the oldest in the world, except, [http://pressdoc.com/p/000sv6 oil & gas magazine] of crimes, it obviously works effectively. MoGe launches industry on behalf of the Ministry of Energy and all the international companies working in Myanmar must partner with vital statistics.
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According to John McClenahan, who acted for the lenders participating in the financing of vital statistics Yutagan gas project and has, since 2006, in order to sponsor the Shwe Gas Project, [http://pressdoc.com/p/000sph oil and gas prices] Myanmar's oil and gas sector is the most sophisticated in the country.

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