Myanmar is readying to launch a new bidding round for oil and gas concessions—both onshore and offshore—on revised production-sharing contract (PSC) norms during the second quarter.

Speaking during a recent industry meeting, the country’s electricity and energy minister, U Win Khine, said the ministry hopes to finalize the tender for 33 blocks, including 18 onshore and 15 offshore blocks, by the end of March.

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