Tuesday, January 29, 2013

Norwegian oil firm looks to Burmese waters

Tuesday, 29 January 2013 00:00 Mizzima News

Norwegian firm Statoil is looking into the possibility of exploring for oil and gas in Burma, and several company delegations have already been there to consider the situation including one earlier this month, the Norway Post reported on January 29.

A Statoil photo release

Statoil is 67 percent owned by the Norwegian government, and has petroleum operations in 36 countries. It was ranked by Fortune Magazine in 2010 as the 13th largest oil and gas company in the world, and the largest in Scandinavia.

Statoil representatives have had talks with Burmese exploration and production company MRPL E&P, the Norway Post reported.

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