PTTEP to increase Burma investment by US$3.3bn

Thailand-based oil and gas company, PTT Exploration and Production Public Company (PTTEP), which has been operating in Burma for the past 25 years, is set to invest an additional US$3.3 billion in the country. The energy producer is keen to develop infrastructural capacity in Burma with projects including refineries, gas pipelines, petrochemical and power plants. The increased investment will go towards seven exploration projects in Burma: Myanmar M3, M11, MD-7, MD-8, PSC G, EP 2 and MOGE 3 blocks.