Young oil fields in Ramree Twsp present both challenges and opportunities
In Lay Taung town, part of Arakan State’s Ramree Township, locals and around 100 oil field workers from Sagaing and Magwe regions are prospecting for oil.
By Admin 18 Jul 2023
DMG Newsroom
18 July 2023, Sittwe
In Lay Taung town, part of Arakan State’s Ramree Township, locals and around 100 oil field workers from Sagaing and Magwe regions are prospecting for oil.
They started digging in January on a trial basis, and around 50 oil wells have been dug so far. Some wells are now producing some oil, according to those involved.
Oil is typically found between 600 and 1,000 feet underground, but often the prospectors in Lay Taung town lack the machinery and technology to dig to an optimal depth.
If successful, the new oil fields will provide jobs for locals, but there are also concerns about the potential environmental impacts.
In the past, small-scale oil drilling thrived in Arakan State’s Kyaukphyu Township, but production significantly declined after a China-backed oil and gas project was launched there.
Opinion
Bangladesh’s Policy Toward the Muslim Crisis: Time to Rethink
By Admin 10 Jan 2024
In a War Without Precedent, Is Myanmar’s Military Headed for Defeat?
By Admin 31 Dec 2023
‘Operation 1027’ and Myanmar’s Shifting Revolution
By Admin 27 Dec 2023
Gender Equality Begins With Respect
By Admin 21 Nov 2023
Buthidaung in Need, Indeed
By Admin 18 Oct 2023
New Junta, New Cyclone; Same Anti-Aid Problem
By Admin 29 Jun 2023
Top News
-
Regime attacks in Arakan State kill eight civilians, injure nine in first week of May
-
Junta blows up bridge in Buthidaung to slow AA advance
-
Woman killed in junta arson attack on Maungdaw Twsp village
-
ALP recruits in Gwa Twsp
-
Artillery misfire sparks blaze at junta outpost in Thandwe
-
Lightning strike kills two children in Pauktaw Twsp
POLITICS
BUSINESS
Industry to manufacture finished goods from coconut starting in early 2020
By Aung Kaung Zaw 20 Nov 2019