Sunday, December 15, 2013

Natural Gas

Myanmar has an abundance of natural gas especially in the offshore areas. With three main large offshore oil and gas fields and 19 onshore ones, Myanmar has proven recoverable a reserve of 510 billion cubic-meters out of 2.54 trillion cubic-meters of offshore and onshore gas, according to experts. The country has also an estimated 3.2 billion barrels of recoverable crude oil reserve.Natural gas topped Myanmar's exports in the fiscal year of 2007-08 at 2.594 billion U.S. dollars, according to latest statistics of the country's Customs Department.


Myanmar is one of the world's oldest oil producers, exporting it's first barrel in 1853. Today, Myanmar's oil output is small and natural gas export exceeds that of oil.


Once the world's top rice producer, Myanmar harvests 8.1 million hectare of rice annually, primarily in the Irrawaddy Delta area. In 2010, production stood at approximately 31 million metric tons, of which about 1 million tons are exported. 


In Myanmar, gold is regarded as a substance of royal stature. Devotees in Myanmar affix gold plates and gold foils to the surfaces of Pagodas and Buddha statues as an expression of reverence. The primary gold deposits are found in Kawlin Township, Sagaing Division, which holds an estimated 6.04 million tons of ores. 


Myanmar exported 890,000 tons of timber in 2009-2010. India was the major buyer purchasing about half of all exports followed by Japan, Thailand and Malaysia. 


Myanmar ventured into rubber plantations, boosting its exports standing in the international community.Most of the natural rubber produced is consumed by the tyre industry. Rubber is grown extensively in Mudone, Thanbyuzayat and Ye Townships in Mon State. Moreover, Shan state and Tenasserim are developing rubber plantations as well.


With its beauty, versatility, and wide-range of expressions, jade has held a special allure for enthusiasts for ages. Hpakant, a major jade production area, is situated in the Myitkyina District of Kachin State, about 600 miles north of Yangon. There are also Jade markets in Hpakan, Lonkin and Mogaung.


Mogok valley in upper Myanmar was for centuries the world's main source for ruby. Mogok produced some of the finest rubies ever mined, but in recent years very few good rubies have been found there. The very best color in Myanmar rubies is sometimes referred to as "pigeon's blood."


Affectionately referred to as "Gold Pearls," Myanmar pearls are special and unique. Sizes range from 10mm to 16mm. They can be found at Myeik.


Myanmar is one of the major bean exporters in the world. Myanmar ranks fourth among the top ten dry bean producers in world.


Myanmar has numerous coal deposits around the country. They can be found along the Ayeyarwady and Chidwin river basins as well as in the southern part of the country. Myanmar has a total of 16 Major coal deposits throughout the country.

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