Mizzima awarded global JTI certificate for reliable news on Myanmar

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Mizzima Mizzima, one of Myanmar ’s most prominent news outlets and a press freedom advocate, obtained the Journalism Trust Initiative ( JTI ) certification from global audit firm Bureau Veritas , JTI says in a press statement 5 January.  Operating in clandestine mode within Myanmar and supported by an exiled team, Mizzima strives to fulfil its role as reliable source of news and information for the Myanmar public. “Your Journalism Trust Initiative certification affirms what audiences already know: that principled, transparent journalism matters. Congratulations on this achievement and on your continued contribution to informing citizens about Myanmar,” says Benjamin Sabbah , director of Journalism Trust Initiative “Myanmar’s ongoing conflict has created an intensely contested media landscape, where mis- and disinformation are increasingly deployed to reinforce state propaganda and the prevailing “official” narrative. Although Mizzima is already regarded as one of the most trusted ...
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Chinese energy firm to expand exploration

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by Moe Thu
Saturday, 24 October 2009 22:23

Rangoon (Mizzima) – The China National Offshore Oil Corporation (CNOOC) will expand its operations in Burma, christening three new drilling wells off the gulf of Martaban, according to an informed source within the energy sector.

The corporation, China’s third largest national oil company, will undertake exploration from November 1st to December 31st, investing more than US$40 million in the process, the source added.

The operation is located at an offshore block named M-10, bordering to the south of the M-12 and M-13 blocks, site of the Yetagon natural gas field, and to the east of M-9, a commercially viable gas deposit uncovered by Thailand’s PTTEP.

The source said a similar well was drilled at the same block in early last year but, while finding a gas deposit, was deemed not commercially feasible.

CNOOC is one of the major investors in Burma’s oil and gas sector, operating in five onshore and offshore blocks.

So far, four Chinese oil companies – SNOPEC, China National Petroleum Corporation (CNPC), CNOOC and Chinnery Assets – are active in a total of ten onshore and offshore blocks in Burma.

According to official figures, as of March 31, 2009, China has invested $1.33 billion into Burma’s economy and infrastructure, with the oil and gas sector placing third in the list with investment of $124 million dollars – while the mining sector ranks as the most prominent target of Chinese development funds, claiming some $866 million dollars of the sum.

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