BUSINESS – Woodside CEO visits presidential palace

The CEO and managing director of the Australian oil and gas giant Woodside paid a visit to President Thein Sein in Naypyidaw on Thursday. They reportedly discussed speeding up the extraction of non-renewables in Burma, as well as social development issues and industry training for youths. Union ministers Soe Thane and Zeyar Aung also attended the meeting, according to state-owned Global New Light of Myanmar. Woodside, together with Britain’s BG group, signed sharing agreements for a US$1 billion dollar project in March of this year.