Myanmar wants to become big supplier of energy

Jul 05, 2004 02:00 AM

Myanmar is poised to step in as a major energy supplier in the region, a top official of the Energy Ministry was quoted as saying.
“Myanmar has a lot of new potential oil and gas provinces which are yet to be explored and exploited,” said Mr Soe Myint, head of the Energy Planning Department.

He told that only 4 of its 17 sedimentary basins suitable for oil production have been explored and exploited. Some onshore oil fields have more production capacity than their current output, he added.
He said onshore crude oil production would be raised to 20,000 bpd from December. Based on the latest official figures, production was about 16,000 bpd of crude in 2002.

Source: AP
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