PTT Exploration and Production Plc, PTTEP has won its bids for two onshore oil blocks in Myanmar, Thai Energy Minister Pichai Naripthaphan said Wednesday after he met his Myanmar counterpart U Than Htay on Tuesday.
Mr Pichai accompanied Thai Prime Minister Yingluck Shinawatra to Myanmar as she attended the regional summit in Naypyidaw.
The Thai energy minister said his Myanmar counterpart informed him that PTTEP, subsidiary of PTT Plc, Thailand’s largest oil conglomerate, won its bid for two Myanmar onshore oil blocks. Myanmar also indicated support of the PTTEP proposal to seek petroleum in the Andaman Sea in two offshore petroleum blocks – MD7 and MD 8- but more details must be considered and discussed.
Myanmar wanted to see Thai investment in a gas separation plant in Myanmar after the PTTEP’s exploration found wet gas in the M9 gas field, which will be ready for use in 2016. The M9 field is Myanmar’s first field of wet gas, suitable for petrochemical production, he said.The PTT group is ready to invest more and Myanmar can also invest by granting Thailand further petroleum concession, the Thai minister said.
The environmental case for remote working
Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.
Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI
The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.
The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.(more…)
Subscribe via Email
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...