RI firm signs oil deal

RI firm signs oil deal

RANGOON (DPA): The Indonesian company PT Exspan Sumatera Oil has agreed to explore and extract oil and natural gas at three onshore blocks in central Myanmar, government-run media reported yesterday.

A production-sharing contract was signed Monday at the Ministry of Energy in Rangoon by representatives of the Indonesian company and the Myanmar Oil and Gas Enterprise (MOGE).

Myanmar's Minister of Energy U Khin Maung Thein presented a permit to conduct the exploration to John S. Karamoy, president of the Indonesian company.

The signing ceremony also was attended by MOGE Managing Director Kyaw Nyein, Secretary of the Myanmar Investment Commission Brigadier- General Maung Maung, other ministers and the Indonesian ambassador to Burma, Police Major-General A. Poerwanto Lenggono.