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As of 2015, Myanmar exports gas to Thailand and China. [3] Myanmar had proven gas reserves of 10 trillion cubic feet in 2012, with an annual production capacity of 416 BcF. [9] Oil reserves in 2013 numbered at 50 million barrels, with a production capacity of 21,000 bbl/d. [9] The Yenangyaung oil field continues to be in operation.
Burmah Oil became the largest oil company in the British Empire. The subsidiary was later renamed Anglo-Iranian Oil Company and eventually BP. [3] For about a century, the company played a major role in the oil industry, and in the discovery of oil in the Middle East through its significant influence over British Petroleum. [4]
MOGE was established in 1963 after nationalisation of the Burmese petroleum industry. The nationalised assets of Burmah Oil Company were amalgamated to MOGE. [3] [5] MOGE discovered the Mann oil field in 1970. Peak production in 1979 was 23,000 barrels of oil per day, about three-quarters of Myanmar's total production. [6]
The economy of Myanmar is the seventh largest in Southeast Asia. [6] After the return of civilian rule in 2011, the new government launched large-scale reforms, focused initially on the political system to restore peace and achieve national unity and moving quickly to an economic and social reform program. [7]
Myanmar has abundant energy resources, particularly hydropower and natural gas. [11] In 2013, Myanmar exported 8561 ktoe of natural gas and 144 ktoe of crude oil. [1] The country is one of the five major energy exporters in the region [11] and is the second biggest exporter of natural gas in the Asia Pacific region after Indonesia. [12]
Four years later he bought it outright and invested further funds but it was up against the monopoly of the Kingdom of Upper Burma which controlled oil exploration. It was in 1886 that Cargill obtained exploration rights, as well as improving refining methods in Rangoon, and he founded Burmah Oil Ltd that year. David Sime Cargill greatly ...
Chronic Wasting Disease Identified in British Columbia Deer Carcasses Four deer carcasses with chronic wasting disease (CWD), also known as zombie deer disease, have been identified in British ...
The Ministry of Energy (Burmese: စွမ်းအင် ဝန်ကြီးဌာန, 'MOE') is a ministry in the Burmese government responsible for the country's energy sector, in particular exploration of crude oil and natural gas and manufacture and distribution of petrochemicals and petroleum products.