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Global News Blog Big oil, regional giants win contracts in Myanmar

The announcement of winners of rights to offshore oil and natural gas blocks followed months of anticipation as isolated Myanmar opened its doors to the global energy industry.

By Joseph SchatzCorrespondent / March 28, 2014

Western “super-majors” and key regional energy companies fared well March 26 as Myanmar announced the winners of 20 untapped offshore oil and natural gas blocks.