Feb 18, 2013

Mitsui Oil Exploration Company Limited to invest in Myanmar Oil & Gas

Mitsui Oil Exploration Company Limited, Japan-based international oil and gas exploration and extraction company has been in talks with Directorate of Investment and Company Administration (DICA) for investment potential in Myanmar.

Senior vice-president Masanari Nagai and general manager Ken Takagi met high officials of DICA and mainly discussed about gas and oil exploration in Nay Pyi Taw on February 13.

MOECO is currently drilling for oil in 26 countries around the world including US, Japan, South Africa, Thailand and Omen.

Similarly, Brunei National Petroleum Company expressed their interest to work in Myanmar natural gas and oil sector last week.

DICA has been busy these days with foreign investors for potential business investments in Myanmar. Especially, Japanese and Chinese companies are the ones showing their interests in all business sectors.

Source: Eleven Weekly Media