Myanmar opens arms for the first foreign company to build an oil and gas supply base

Myanmar opens arms for the first foreign company to build an oil and gas
supply base

MOSB Limited (MOSB), has received approval from the Myanmar Investment
Commission (MIC) on 11th July, 2017 to build and operate a supply base in
Mon State, with the endorsement from the Ministry of Energy.

The establishment of a supply base will support the fast-growing oil and gas
industry in Myanmar and provide necessary infrastructure, health, education
and employment opportunities to those in the region. This will further
advance the industry by reducing travel distances and increasing efficiency.

"The planned offshore supply base would reduce the travelling time for oil
and gas companies with Myanmar operations, which would otherwise have to
travel to Singapore or Thailand," said Mr. Leonard Oh, Executive Chairman of
MOSB.

MOSB is committed to the growth of Myanmar and to supporting the communities
in Mon State. As part of the project, MOSB will invest in the development of
wide-ranging infrastructure and improvements to existing transportation and
telecommunication linkages. Additionally, MOSB has plans to provide
educational, medical and social services to enhance the network for business
growth and economic development which will ultimately benefit the entire
country.

U Zaw Min Oo, Village Head of Whagarik Village, Mon State said, "I am very
happy and welcome this project because I believe it will support the local
community to improve transportation, education and health as well as
electricity which we need now. Our local people will not need to leave the
village and travel far for jobs as the project will create a lot of job
opportunities for us. This project will definitely improve our standard of
living in many different ways."

This will be the first foreign permit for a Supply Base for Myanmar,
approved by the Ministry of Electricity and Energy.

About MOSB

MOSB company represents a joint venture between Two Fish Supply Base Limited
of Myanmar and 2 Fish (SG) Pte Ltd of Singapore. MOSB is 80% owned by 2Fish
(SG) Pte Ltd of Singapore. This is another effort by Singapore companies to
create a joint effort to assist with the growth of the Myanmar economy.

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Link to Original Article:
http://www.satprnews.com/2017/07/13/myanmar-opens-arms-for-the-first-foreign
-company-to-build-an-oil-and-gas-supply-base/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com