Article: Myanmar.(COUNTRIES)

MYANMAR -- Asian state oil companies are busy consolidating their upstream positions in the gas-rich but politically volatile country as Western firms stay away. Thai state PTT Exploration and Production (PTTEP) expects to sign a deal with China National Offshore Oil Corp. (CNOOC) later this month to swap 20% stakes in its offshore M3 and M4 Blocks in the Gulf of Martaban for interests in the Chinese-operated onshore Block C1 and offshore Block A4. The two firms are also believed to ...

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