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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.
However, over the years, trade between Myanmar and Pakistan deteriorated. In 1995, bilateral trade was US$31001010192824 million, it declined to US$10 million in 1999. Later, in 2000, trade improved to US$24 million. The present trade volume between Myanmar and Pakistan is US$70 million far less than their latent potentials.
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 was a rising star in Southeast Asia before its military seized power three years ago in a takeover that has brought civil strife and a tightening vise of international sanctions, undoing ...
Myanmar has been in engulfed in chaos since Feb. 2021 when the military led by Min Aung Hlaing ousted an elected civilian government in a coup, triggering a wave of protests that has transformed ...
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
The Myanmar junta is facing the biggest challenge to its authority since it seized power in a 2021 coup, with a surge in attacks by pro-democracy and ethnic minority insurgents on junta bases in ...
Daily oil consumption by region from 1980 to 2006. This is a list of countries by oil consumption. [1] [2] In 2022, the International Energy Agency (IEA) announced that the total worldwide oil consumption would rise by 2% [3] year over year compared to 2021 despite the COVID-19 pandemic. [citation needed]