Monday, October 8, 2012

Russian Companies Hold Talks with Myanmar on Developing Ties

-Russian companies are seeking a role in Myanmar’s oil and gas industry as the Southeast Asian nation prepares natural-resource auctions after the removal of U.S. sanctions.

-Companies are in talks with Myanmar’s Energy Ministry and state oil producer to gather information on available resources and are studying terms for foreign participation.

-OAO Gazprom (OGZD), Russia’s gas-export monopoly, is one company seeking to develop relations with Myanmar, according to information on its website. 

(www.myanmar business,org)

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