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Daewoo International to invest in new gas block in Myanmar

26/02/2007 -- 9:39 PM

Seoul (VNA) - Daewoo International Corp. from the Republic of Korea (RoK) said on Feb. 26 that it has signed a deal with the Myanmar government to explore a gas block off the coast of the Southeast Asian country.

However, the RoK trading company has yet to decide the amount of money to invest in the development of the block AD-7 and the period to explore it, the RoK's Yonhap news agency reported, citing Daewoo International's regulatory filing.

The company has operated three gas fields Myanmar 's offshore.--Enditem

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