MERAL Myanmar Education Research and Learning Portal
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A Study on Oil and Gas Production and Export in Myanmar (Than Soe, 2023)
https://meral.edu.mm/records/8740
https://meral.edu.mm/records/87407bc5d708-83e3-4fa1-b71f-a0209344485c
bf9d8025-dda3-4595-a870-10d4821382a2
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Than Soe, EMPA-35, 18th Batch,(7.2.2023).pdf (989 KB)
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Title | ||||||
Title | A Study on Oil and Gas Production and Export in Myanmar (Than Soe, 2023) | |||||
Language | en | |||||
Publication date | 2023-01-01 | |||||
Authors | ||||||
Than Soe | ||||||
Description | ||||||
Oil and natural gas are the two primary fuel sources in the world, and as such, they are important to the energy sector and the global economy. Additionally, it offers benefits like growing GDP participation due to greater manufacturing and increased export revenue from abroad. Myanmar is one of the world's oldest oil producers. This research looks into Myanmar's current and future oil and gas production, as well as how much of it is exported to other countries. This study employs the descriptive approach. This research shows that the Oil and Gas Sector has the second-largest amount of foreign direct investment as of December 31, 2021 (23.03%). The Yadana project is one of the most successful endeavors among the four offshore natural gas production sites (Yadana, Shwe, Yetagun, and Zawtika), with Shwe coming in second. In 2021, the Yadana Project exported the most total (45.41%), followed by the Shwe Project (33.53%). In terms of exports and natural gas production, Yadana has developed into the largest project. In order to avoid becoming more and more dependent on other countries for energy needs, it will be crucial to undertake steps to increase the participation of local enterprises in the development of the domestic energy sector. In order to participate in its offshore sectors, which still have promise, Myanmar must entice foreign investment. The diversification of exporting nations and the search for new markets are also crucial. |
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Thesis/dissertations | ||||||
Yangon University of Economics | ||||||
Dr. Cho Cho Thein |