Despite the legislation and reforms, the Myanmar oil and gas industry continues to face a number of internal challenges. The challenges include rights at work, respect for the fundamental principles, promoting occupational health and safety standards, accessing oil and gas reserves situated in remote areas, and shortage of skilled workforce. Arguably, Myanmar oil and gas companies have continued to…

Despite the legislation and reforms, the Myanmar oil and gas industry continues to face a number of internal challenges. The challenges include rights at work, respect for the fundamental principles, promoting occupational health and safety standards, accessing oil and gas reserves situated in remote areas, and shortage of skilled workforce. Arguably, Myanmar oil and gas companies have continued to…

Myanmar's oil gas industry has continued to find itself at the crossroad. First, for about 15 years of rule of the junta government, Myanmar people did not know the value of its abundant oil resources. However, after the entry of the new government in 2011, this nation began experiencing an unprecedented demand for oil and gas products as local companies rushed to advertise the benefits of LPG, especially for household cooking. Although the demand for LPG in Myanmar continues to remain high,…

While foreign investment in Myanmar oil and gas continues to rise, Elite Petrochemical aims to close gaps at varied points in the supply chain to achieve its fundamental strategy of expanding its usage. In particular, Elite Petrochemical is aware that Myanmar has a significant deficit in trans-shipment and storage facilities. Therefore, it has invested in art storage facilities and modern filling…

Myanmar is one of the significant oil and gas producers in the Asian continent and home to one of the world's oldest petroleum industries. In particular, Myanmar managed to export its first crude in 1853, and currently, it is among the leading producers of natural gas in Asia. However, the country has not managed to develop its oil and gas industry into a fundamental contributor to the economy due to several years of poor government policies and investment, sanctions from the international…