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May-Aug 2008
Up one levelNews and data collection between May- August 2008
Myanmar oil co exercises step-in rights to offshore gas field
July 1, 2008: Madrid: India's OIL AND NATURAL GAS CORP (BSE:500312) and GAIL (INDIA) LTD's (BSE:532155) equity in two gas rich offshore blocks in Myanmar have been cut following Myanmar's national oil company exercising its 'step-in' rights in the fields, gas from which will be sold to China.
CIVIL SOCIETY DEMANDS BURMA GAS PROJECT STOP, CITING HUMAN RIGHTS CONCERNS, The Shwe Gas Movement: Press Release- 26 June 2008
Chiang Mai, Thailand, June 26, 2008 -- An agreement was signed last week in Burma between a consortium led by the South Korean trading company Daewoo International, the military regime in Burma, and the China National Petroleum Corporation (CNPC) for the sale and transport of natural gas from Burma’s Bay of Bengal to Yunnan Province, China. The deal marks a significant step toward a transnational gas pipeline to China that will result in massive human rights abuses in Burma, according to the Shwe Gas Movement (SGM).
India to sign investment pact with Myanmar
June 5, 2008: India will enter into an investment promotion and protection agreement with Myanmar to increase fund flows and protect interests of investors of the two countries.
