Second petroleum bid round in Myanmar
On 17 January 2013, the Government of the Republic of the Union of Myanmar, through its Ministry of Energy, invited bids for 18 onshore oil and gas blocks in what is Myanmar’s second international petroleum licensing round. Fifteen of the blocks are to be awarded through Production Sharing Contracts and three through Improved Petroleum Recovery Contracts. Expressions of interest in the 2013 Bid Round are required not later than two months after the date of the invitation.
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For the past 10 months, the US Department of Justice and the Enforcement Division of the Securities and Exchange Commission have advised the public that they are in the process of drafting guidance for companies regarding the requirements of, and prohibitions within, the US Foreign Corrupt Practices Act.