Myanmar has already hit its investment target of $4bn-5bn for the 2014/15 fiscal year six months ahead of schedule, thanks in part to the energy sector, which attracted $800m of investment in the first half of the fiscal year. As of December 2014 revenue from foreign investments in the oil and gas sector came to more than $15.1bn, second only to the power sector, which stood at $19.3bn. This...
Energy
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Over the past few years Myanmar has experienced a number of dramatic transitions that have restructured its economy, rapidly changing its unique landscape and gradually enriching the social welfare of its people. These changes have placed modern-day Myanmar back on the international investment radar and have seen the nation coined “the Last Frontier”.
Articles & Analysis | New training centres are being developed to address the shortage of qualified workers from The Report: Oman 2015
As the sultanate’s oil and gas sector enters a renaissance period, moving back towards production levels of 15 years ago using enhanced oil recovery (EOR), and while new unconventional gas production offers new economic opportunities, the industry has found itself facing a shortage of human resources (HR). Recent estimates put Oman’s HR gap in the tens of thousands, and...
Interviews & Viewpoints | Salim Nasser Said Al Aufi, Undersecretary, Ministry of Oil and Gas: Interview from The Report: Oman 2015
How do you assess the progress of the in-country value (ICV) initiative, and what additional mechanisms are needed to meet value retention targets?
Articles & Analysis | A host of new initiatives are moving forward as demand increases from The Report: Oman 2015
A decade of rapid development in Oman has seen the sultanate’s population jump, while rising industrialisation and new construction projects have bolstered economic diversification under the Vision 2020 economic development plan. This has not come without costs, however, and natural gas consumption has sky-rocketed in recent years, driven by heavy new demand in the...
Articles & Analysis | Oil and gas remain key economic contributors, while investment increasingly focuses on EOR techniques and downstream development from The Report: Oman 2015
The sultanate’s geographic position on the Arabian Peninsula, in close proximity to the Arabian Gulf and the Gulf of Oman, but outside the Strait of Hormuz, has given it the region’s best access to one of the world’s most important energy corridors. Following several years of declining output in the 2000s, plans are under way to increase crude oil production, and the...