February 18, 2019


Govt. signs two MoUs to produce Electricity and Sugar in Sagaing

Sagaing Region government is signed MoUs to produce electricity from biomass and sugar in the region during Invest Myanmar Summit 2019 held at Nay Pyi Taw, sources said.

“We signed a first phase of project which worth US$200 million to produce sugar. The overall project will cost US$350 million. It will be a joint-ventured business between Great Wall Foodstuff Industry Company Limited (Myanmar) and Hong Kong International Sugar Engineering Co. Ltd. (China, Yunnan State),” said an official from the regional government.

“Investors from local and overseas, who came to attend the summit, can analyze the projects at the summit and they can know easily about the projects,” said Zaw Min Win, Chairman of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).

The projects will be developed in Kathar Township.

“We want to invite investors to make investment in the region. We will help them as much as we can,” said Dr Myint Naing, Chief Minister of the region.

Source: Daily Eleven

Invitation for establishing mini refinery released

Ministry of Electricity and Energy (MOEE) released a statement about invitation for anyone who wants to establish mini refinery. Foreign owned companies or Myanmar citizens who are interested in setting up mini refinery could send an application to the Myanmar Petrochemical Enterprise (MPE), a department under MOEE.

Myanmar citizen applicants have to submit their names, ID cards, contact address, and telephone numbers. Companies or organizations which apply for the license need to submit the relevant company names, company identity numbers (Copy), telephone and mobile numbers, land ownership certificates, location and environment for establishment, recommendation from State or Region government, lay out plans, detail design drawings, daily production amount, batch type of continuous type, plan for raw materials, plan for electricity and energy usage, cleaning system of chemical and drain, and plan for fire fighting system.

Details about rule and regulation for applicants are provided at the MOEE website (  Applicants can also contact MPE by dialing 067-3411082 and 067-3411093 in office time for detail information.

Source: Daily Eleven

PanAust gets green light to mine gold, copper

PanAust, the Australian mineral miner had received three new licenses for the prospecting and exploration of gold and copper in Myanmar on 6th July. PanAust is an Australian-headquartered copper and gold producer with operations in Laos. It is also pursuing pre-development and exploration opportunities in Myanmar and Papua New Guinea. In Myanmar, PanAust holds an 80 percent interest in Wuntho Resources Company Limited (WRCL) and has established a joint venture with Myanmar Energy Resources Group International Company Limited (MERG), a Myanmar-based company, which holds the remaining 20pc of WRCL.


Source – Myanmar Times


POSCO Daewoo Starts Second Phase of Myanmar Gas Field Development Project

POSCO Daewoo has started the second phase of a Myanmar gas field development project, the company announced on June 28. It began to develop eight additional production wells by signing a contract with world-class companies. POSCO Daewoo announced that its president Kim Young-sang signed an engineering, procurement, construction, installation and commissioning (EPCIC) contract with Baker Hughes and McDermott for the second phase of the Myanmar gas field development project. The contract is worth 300 billion won. The McDermott-Baker Hughes consortium will install subsea production facilities, subsea gas pipelines, and underwater production controllers to develop a total of eight subsea wells, four in Shwe Gas Field and the other four in ShwePhyu Gas Field. POSCO Daewoo will manage and supervise the EPCIC project while directly conducts drilling work at the eight subsea wells.

Source- Business Korea



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