Marktanalyse - Favorable Foreign Investment Law and Easing International Sanctions will help Myanmar Oil and Gas Industry to Attract Foreign Investments

Favorable Foreign Investment Law and Easing International Sanctions will help Myanmar Oil and Gas Industry to Attract Foreign Investments


Summary


Myanmar is emerging as an attractive investment destination for oil and gas companies with the EU and the US lifting previously imposed sanctions. The country has recently undertaken several positive measures to improve its perception as an investor-friendly nation. These include easing restrictions on media and the internet, liberalizing private imports of petroleum products and mooting a Foreign Investment Law (FIL) which is reported to be highly investor-friendly. Until now, there has been a limited presence of major international oil companies in Myanmar. In May 2012, its Ministry of Energy announced that foreign oil companies will be allowed to make upstream investments in 23 offshore oil and gas blocks in the country. Following the introduction of the new FIL, foreign investments in Myanmar, especially in its oil and gas industry, are expected to rise significantly


Scope

- The report highlights that the hydrocarbon potential of Myanmar is attracting foreign E&P companies
- It further focusses on easing international sanctions on Myanmar which are expected to help foreign E&P companies to invest in Myanmar's lucrative hydrocarbon resources
- It also provides information on proposed favorable foreign investment laws that will help Myanmar to attract foreign investments especially in its oil and gas sector


Reasons to buy

- To know about the rich oil and gas resources in Myanmar
- To understand the impact of easing international sanctions on foreign investments in oil and gas sector in Myanmar
- To be informed about the proposed Foreign Investment Law in Myanmar which will allow the country to attract Foreign Investments in its Oil and Gas Industry

1 Table of Contents

1 Table of Contents 1

1.1 List of Tables 1

1.2 List of Figures 1

2 Summary 1

3 Favorable Foreign Investment Law and Easing International Sanctions will Help Myanmar Oil and Gas Industry to Attract Foreign Investments 1

3.1 Myanmar’s Hydrocarbon Reserves Offer a Lucrative Market for Global Oil Companies 2

3.2 Easing of Sanctions will be Instrumental in Encouraging Foreign Investment in the Oil and Gas Industry 3

3.2.1 Sanctions had Impacted the Operations of Foreign Oil Companies in the Country 3

3.3 Myanmar’s Foreign Investment Law Expected to Ease Oil and Gas Investment in the Country 4

4 Appendix 4

4.1 Sources 4

4.2 Methodology 5

4.2.1 Coverage 5

4.2.2 Secondary Research 5

4.2.3 Primary Research 5

4.2.4 Expert Panel Validation 6

4.3 Contact Us 6

4.4 Disclaimer 6





1.1 List of Tables

Table 1: Overview of Major Foreign Oil and Gas Companies Awarded Production Sharing Contracts, Myanmar, 2011 4





1.2 List of Figures

Figure 1: Oil and Gas Industry, Crude Oil and Natural Gas Proved Reserves, Production, and Consumption, Myanmar, MMboe, 2006—2010 2

Figure 2: Crude Oil and Natural Gas-bearing Areas, Myanmar, 2011 2

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