• 5 minutes Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 10 minutes Iranian Sanctions - What Are The Facts?
  • 15 minutes U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 4 hours Can the World Survive without Saudi Oil?
  • 17 hours Sears files Chapter 11
  • 3 mins WTI @ $75.75, headed for $64 - 67
  • 17 hours Natural disasters and US deficit
  • 14 hours China Is the Climate-Change Battleground
  • 3 hours Porsche Says That it ‘Enters the Electric Era With The New Taycan’
  • 31 mins Saudis Threaten Retaliation If Sanctions are Imposed
  • 14 hours U.S. - Saudi Arabia: President Trump Says Saudi Arabia's King Wouldn't Survive "Two Weeks" Without U.S. Backing
  • 1 day Saudi A Threatens to Block UN Climate Report
  • 1 day German Voters Set to Punish Merkel’s Conservative Bloc
  • 10 hours $70 More Likely Than $100 - YeeeeeeHaaaaa
  • 5 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 1 day Threat: Iran warns U.S, Israel to expect a 'devastating' revenge
Alt Text

Miners Are Looking To Ramp Up Lithium Production

Lithium prices have withstood all…

Alt Text

World Class Copper Auction Draws Major Interest

Peru’s mega Michiquillay copper is…

Alt Text

Tech Giants Scramble To Secure Cobalt Supply

Apple is leading the way…

John Daly

John Daly

Dr. John C.K. Daly is the chief analyst for Oilprice.com, Dr. Daly received his Ph.D. in 1986 from the School of Slavonic and East European…

More Info

Trending Discussions

Burma - Truly One of the Last Untapped Energy Frontiers, Opening for Business

Investors, looking for sure bets, can stop reading right now.

For those seeking overlooked energy "final frontiers," well, there’s now – Burma.

According to the secretary of Burma's largest business federation, the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), Myo Thet, he has been meeting with companies "every day for a year" even though "there is still rather low interest from the West. There have been some bank owners from the west and also Australia but it’s still low compared to Asian countries. We wish to see more (investment) not only from the East but also the West... because the West, in terms of technology and finance, is stronger."

Burmese Industry Minister U Soe Thein, who attended last month’s World Economic Forum in Davos stated that companies are "rushing" to Burma, and claimed his appearance at the Forum, a first for a Burmese government official, was proof of Burma's growing status as a strategically key market for the west.

Why the turnaround?

The government is opening up the country’s previously tightly state-controlled economy and is accelerating reforms. The biggest external event however is some Western-imposed sanctions are getting lifted, causing Western business executives and government officials to pack flights to the capital Naypyidaw.

The European Union has already dropped a longstanding visa ban on some Burmese ministers and on 6 February the U.S. relaxed…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News