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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. [14] Oil reserves in 2013 numbered at 50 million barrels, with a production capacity of 21,000 bbl/d. [14] 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] In 1938, Burmah Oil was the subject of a major nationalist protest and general strike in British Burma, known as the 1300 Revolution. Burmah Oil ultimately conceded a few terms, but the strike ended ...
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]
Myanmar is a country rich in jade and gems, oil, natural gas and other mineral resources. In 2013, its GDP (nominal) stood at US$56.7 billion and its GDP ( PPP ) at US$221.5 billion. [ 1 ] The income gap in Myanmar is among the widest in the world, as a large proportion of the economy is controlled by supporters of the former military government.
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 ...
Pages for logged out editors learn more. Contributions; Talk; Burmah Oil Company Ltd.
The oil and gas sector is a large part of the economy, with Myanmar serving as a net exporter of natural gas to countries like China and Thailand. However, infrastructure like the Sino-Myanmar pipelines has also become a geopolitical focal point for the country's internal conflicts. [7] Roadside petrol station in rural Mandalay Region
Burmah Oil Company Ltd v Lord Advocate [1965] AC 75, was a court case, raised in Scotland, and decided ultimately in the House of Lords. The case is an important decision in British constitutional law and had unusual legal repercussions at the time.