Myanmar’s success - or not - in becoming Asia's new economic miracle nation will be...


Myanmar’s success - or not - in becoming Asia's new economic miracle nation will be largely decided by natural gas, with Exxon (XOM), Total (TOT) and other energy majors lining up for a share of its "frozen in time" oilfields. At least 20 new blocks will be tendered before next year, with onshore and offshore exploration possibilities available. Myanmar sits between China and India, both of which would be ready, easy markets.
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Comments (3)
  • b10845
    , contributor
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    I have just heard Burma's (Myanmar) opposition leader Aung San Suu Kyi saying that where ever she goes in Burma people keep asking for jobs, electricity!, water!, roads!, healthcare.. So I wouldn't count that country as the next South Korea or something.

     

    Having said that, if 2015 elections will be free and fair, then we may see Burma really take off economically. And with 60 million people, it may really be a hungry big South Asian tiger.
    12 Jun 2013, 11:54 AM Reply Like
  • P. Dennis
    , contributor
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    Is there a security one can purchase that places a bet on Myanmar's future economic growth?
    12 Jun 2013, 12:45 PM Reply Like
  • b10845
    , contributor
    Comments (76) | Send Message
     
    @Dennis - interesting question. Many western companies have just started to search for opportunities there. I would think of KO or PEP. Problem is that these giants are so big that their relative exposure to Burma is too small to be considered as a "bet" on the Burma..
    12 Jun 2013, 01:00 PM Reply Like
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