Myanmar, is a developing country and an important natural gas and petroleum producer in Asia. It is home to one of the world's oldest petroleum industries, with its first crude oil exports dating back to 1853.[1] Today, the country is one of the major natural gas producers in the Asian continent.[2] Decades of isolation, sanctions, a lack of technical capacity, opaque government policies and insufficient investment has impeded the country's efforts to develop an upstream hydrocarbon sector.[3] Recent but slow political reform has led the international community to ease sanctions on Burma, giving rise to hopes of greater investment and economic growth. In 2015-2016, the petroleum industry attracted the highest-ever amount (USD 4.8 billion) of foreign direct investment (FDI) in the history of Myanmar.[4]
^"Total Myanmar - Oil and Gas in Myanmar". Burma.total.com. Archived from the original on 2015-04-15. Retrieved 2015-04-17.
^"U.S. Energy Information Administration (EIA)". Eia.gov. Retrieved 2015-04-17.
^Vakulchuk, Roman; Kyaw Kyaw Hlaing; Edward Ziwa Naing; Indra Overland; Beni Suryadi and Sanjayan Velautham (2017). Myanmar’s Attractiveness for Investment in the Energy Sector. A Comparative International Perspective. Norwegian Institute of International Affairs (NUPI) and Myanmar Institute of Strategic and International Studies (MISIS) Report.
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