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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.
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 oil and natural gas pipelines run in parallel and start near Kyaukphyu on Made island port on the Bay of Bengal in Myanmar (19°21'52.39"N, 93°41'3.91"E), run under the sea for 5.3 kilometres (3.3 mi) to mainland ( 19°21'26.09"N, 93°44'3.41"E) and then run through Mandalay, Pyin Oo Lwin, and Namkham in Myanmar before entering China at ...
IGE also possesses Myanmar's second largest timber trading company. It also exports Burmese rice. IGE Group of Companies was established in 1994 in Burma, and registered in Singapore in 2001. The company is also active in the country's oil and gas sector. [citation needed] In 2007, IGE earned over US$75 million in revenues. [1]
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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 French oil company TotalEnergies is able to operate the Yadana natural gas pipeline from Myanmar to Thailand despite the European Union's sanctions on Myanmar. TotalEnergies is currently the subject of a lawsuit in French and Belgian courts for the condoning and use of Burman civilian slavery to construct the named pipeline.
Imperial Oil Limited (French: Compagnie Pétrolière Impériale Ltée) is a Canadian petroleum company. [2] It is Canada's second-largest integrated oil company. It is majority-owned by American oil company ExxonMobil, with a 69.6% ownership stake in the company. [5] It is a producer of crude oil, diluted bitumen, and natural gas.