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BBC News - Burma prepares for oil and gas sell-off
2013-07-18

Burma is preparing to sell off 30 off-shore oil and gas blocks to international energy firms.

It is the second such offering since the United States relaxed sanctions against the country.

Over the past 30 years, companies from China, Russia and Australia have invested some $20bn dollars in natural resource projects in Burma.

Australia's Ambassador to Burma from 2000 to 2003, Trevor Wilson, told the BBC's Asia Business Report that given the amount of resources Burma has, companies are very keen to get involved.


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Burmese people paint on a yellow paste that comes from a tree called Thanakha. It is used as a insect repellant, sunblock and make up. Usually only women and children wear Thanakha. ... More

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COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
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