Jun 26, 2013

Research and Markets: NewsBase Myanmar Special Report

DUBLIN — Research and Markets (http://www.researchandmarkets.com/research/57qlxp/newsbase_myanmar) has announced the addition of the "NewsBase Myanmar Special Report" report to their offering.

Since the election of a nominally civilian government in March 2011, Myanmar has emerged from political isolation and started attracting the attention of investors hungry for new markets and opportunities.

With the lifting of sanctions, Western oil and gas companies now have an unprecedented opportunity to enter Myanmar. The rewards could be enormous, given that the country has large tracts, both on and offshore, that have seen little to no exploration thus far. In an age where the industry considers there to be no more easy oil, the Southeast Asian country's undiscovered potential is enticing.

Yet Myanmar's isolation also means the Westerners will have to forge an unknown path if they wish to establish a foothold in the country. Reform and a semblance of democracy may have prevailed, but old hazards remain with many of those connected to the former regime remaining a powerful force in Myanmar.

Two decades of international sanctions took their toll on the economy, and their lifting has seen a rapid shift in Myanmar's political and energy spheres.

For a time, China was Myanmar's only truly visible supporter on the world stage, with Beijing reaping the associated benefits. That relationship is being transformed, however, as Naypyidaw embraces new trading partners.

Thai companies have capitalised on Myanmar's isolation, sealing long-term resource contracts. With competition from regional and international rivals increasing, investors from Thailand will need to be nimble on their feet if they want to avoid being displaced.

Myanmar's establishment of a new democratic order in 2011 was a huge step forward in the country's development. Yet old problems, such as corruption and arbitration challenges, persist.

Companies Mentioned

- Anadarko Petroleum

- BG Group


- Desire

- Europa Oil & Gas

- Fastnet Oil and Gas

- Hyperdynamics

- Ikon Science

- Kosmos Energy

- LUKoil


- NewsBase

- Ophir


- RFC Ambrian

- SCS Corp

- Total

- Wartsila

- and many more...

For more information visit http://www.researchandmarkets.com/research/57qlxp/newsbase_myanmar

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Read more here: http://www.heraldonline.com/2013/06/25/4974216/research-and-markets-newsbase.html#storylink=cpy

Source: heraldonline.com