Yedagun offshore natural gas rig.
A total of 19 countries have made over US$20 billion worth investments in the oil and natural gas sector, according to the the Directorate of Investment and Company Administration (DICA). DICA recently announced that Hong Kong is ranked first among foreign countries investing in the Myanmar oil and gas sector.
Hong Kong topped the list with an investment of US$4796.200 million from fiscal year 1988-1989 to 2016-2017.
Myanmar oil and gas sector statistics show the investment lists of foreign countries. China has invested US$2695.579 million, Singapore US$3347.730 million, Korea US$2695.188 million, Thailand US$2176.400 million, the United Kingdom US$2877.533 million, France US$532.250 million, Malaysia US$287.100 million, Viet Nam US$20 million, India US$668.650 million, the Netherlands US$732.855
million and Canada US$153.040 million.
Also, Hong Kong has invested an additional US$874.146 million in the manufacturing sector, over US$1.3 billion in the mining sector, over
US$44 million in the hotels and tourism sector and over US$ 222million in the real estate sector from 1988-1989 to 2016-2017 fiscal years, It is learnt from DICA.
Min Min