Jun 15, 2009 SHWEGAS : News Headlines
Jun 15th, 2009
1. SKorea firms linked to Myanmar gas abuse
2. Myanmar Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020
3. Myanmar second top leader Maung Aye leaves on official visit to China
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SKorea firms linked to Myanmar gas abuse
Mon, Jun 15, 2009
AFP
BANGKOK, June 15, 2009 (AFP) – South Korea is failing to hold its corporations to account for abuses linked to natural gas development in military-ruled Myanmar, a report released by rights groups said Monday.
The report, by EarthRights International and the Shwe Gas Movement, documents “conflicts of interest”within the government in Seoul and says South Korea is not upholding international guidelines.
The report urged the Organisation for Economic Co-operation and Development (OECD), which meets in Paris on Tuesday, to investigate a complaint on the issue that it said the South Korean government had dismissed.
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“The Korean government is failing to hold Korean corporations accountable for abuses connected to natural gas development in military ruled Burma,”the groups said in a statement.
The statement said that the gas project “has already been linked to forced relocations and other human rights violations. Local people who criticized the project faced arbitrary arrest and detention.”
Myanmar’s ruling junta signed a deal in December with Daewoo, the Korean Gas Corporation and Indian companies to pipe gas to China from the Shwe gas project, which is developing a natural gas field in the country.
Myanmar’s huge gas reserves and other natural resources are a major target for neighbouring and Asian countries which eschew the sanctions imposed by the United States and other Western nations on the country formerly known as Burma.
The two rights groups helped file a complaint in October to South Korea about alleged abuses linked to the project, saying that it violated OECD guidelines including by failing to respect international human rights law.
But Seoul rejected the complaint, the report said, adding that the Korean ministry dealing with OECD complaints also has the job of promoting overseas energy development projects.
The ministry also gave Daewoo a sizable loan to proceed with the Shwe project, while the South Korean government is also the largest stakeholder in Korean Gas Corporation, it added.
“The Shwe project should stop until the people of… Burma can genuinely participate in development decisions and realise their human rights,”said Wong Aung, co-ordinator of the Shwe Gas Movement.
He said the Korean government had “conveniently dismissed” the complaint “and now the OECD must fill the gap”.
Myanmar’s junta is currently under renewed pressure over its trial of democracy icon Aung San Suu Kyi.
http://news.asiaone.com/News/
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Source: > 15 June 2009 (E-Business)
Myanmar Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020
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Summary
This profile is the essential source for top-level energy industry data and information. The report provides an overview of the oil industry in Myanmar. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for the industry. It also provides information relating to the oil assets (oil fields, refineries, pipelines and storage terminals) in Myanmar. The report also analyses the fiscal regime relevant to the oil assets in Myanmar and compares the investment environment in Myanmar with other countries in the region. The profiles of the major companies operating in the oil sector in Myanmar together with the latest news and deals are also included in the report.
Scope
- Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for the oil industry for the period 1995-2020.
- Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Myanmar Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 for the period 1995-2020.
- Operator and equity details for major oil assets in Myanmar Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020
- Key information relating to market regulations, key energy assets and the key companies operating in the Myanmar Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020’s oil industry.
- Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
- Information on the top companies in the Myanmar Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 including business description, strategic analysis, and financial information.
- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.
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Myanmar second top leader Maung Aye leaves on official visit to China
2009-06-15 15:25 BJT
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YANGON, June 15 (Xinhua) — Myanmar’s second top leader Vice Senior-General Maung Aye left Nay Pyi Taw Monday for Beijing to begin a six-day official visit to China at the invitation of Chinese Vice-President Xi Jinping.
Aimed at promoting neighborly, friendly and cooperative ties with China, Maung Aye, who is Vice-Chairman of the Myanmar State Peace and Development Council (SPDC), is paying his third visit to China in six years.
Maung Aye, is also Deputy Commander-in-Chief of the Defense Services and Commander-in-Chief of the Army, traveled to China in August 2003 and in April 2006.
There were also exchange of visits between other leaders of the two countries over the last two years. In January 2007, Vice-Chairman of the Chinese National People’s Congress Standing Committee Li Tieying visited Myanmar, while SPDC Member General Thura Shwe Mann and Prime Minister General Thein Sein visited China in the same year.
In 2008, Thein Sein attended the Beijing Olympic Games, while Shwe Mann toured China again.
In March this year, Li Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, visited Myanmar, during which four documents were signed.
In April the same year, Thein Sein attended the “Boao Forum for Asia” in Boao, southern China’s Hainan province.
On that occasion, Thein Sein also met his Chinese counterpart Wen Jiabao and the two leaders discussed fruitful results of bilateral economic cooperation, oil and gas, energy, electric power, rail transportation, agriculture and human resource sectors.
Over his five-day China trip, Thein Sein also met a number of Chinese industrialists and entrepreneurs investing in Myanmar and had discussions with them on bilateral economic cooperation.
According to Chinese official statistics, China-Myanmar trade amounted to 2.626 billion U.S. dollars in 2008, up 26.4 percent. Of the total, China’s export to Myanmar took 1.978 billion dollars.
Up to the end of 2008, China’s contracted investment in Myanmar reached 1.331 billion dollars, of which that in mining, electric power and oil and gas respectively took 866 million dollars, 281 million dollars and 124 million dollars.
China has risen from the 6th position to the 4th in Myanmar’s foreign investment line-up.
Editor: Liu Anqi | Source: Xinhua
http://english.cctv.com/
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