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Laos found the crude oil mine ! (KPL) Laos found the crude oil mine in Phin district of Savannakhet province when the England Survey Company disclosed primary information on high potential of oil source in Savannakhet province, amid the oscillatory oil price in the world market, said an official of Energy and Mine Office, Savannakhet province.
Last years, Laos faced trade deficit was attributed to the import of oil because Laos could not refine or produce the fuels for public service to spur the economic growth.
The Ministry of Industry and Commerce has recently reported that most of oil domestic consumption was imported by 100%. So when the oil price increased in the world market, of course it affected all sectors in country that Lao people can not avoid this problem...more info>>
The latest news, the Energy and Mine Office of Savannakhet province told KPL news yesterday that it found the oil mine in Phin district of Savannakhet province, after the Lao Government in collaboration with an England Company carried out a survey of oil resource. Having found primary information on the oil resource in Phin district was sparking the Lao government’s attempt has high hopefulness to reduce the import of oil.
Mr Phonkeo Phoutthapayalad, Head of Energy and Mine Office, Savannakhet province disclosed that England survey company found the oil resources in Savannakhet province, after it conducted its survey in July 2008. But now the survey was stopped because of rainy season and one more reason England Survey Company still waited the drilling equipment that will import from Africa.
The England Survey Company has so far imported the drilling equipment from Vietnam, but it can not use this land and it suitable for the sea.
7th ASIA-EUROPE MEETING: Lors de la conférence de l’A.S.E.M (7th ASEAN-EUROPE MEETING) qui s’est tenue le 24-25.10.2008 à Pekin rassemblant 43 pays (les 27 pays d'U.E et 16 pays asiatiques) dominée par la crise financière, un rapprochement certain s’est ressenti entre le Premier Ministre LAO, M. Bouasone BOUPHAVANH, et, le Président chinois, M. HU JIN TAO. Côte à côte, les deux hommes d'état ont montré une grande proximitié. D’ailleurs, les relations entre les deux dirigeants semblent être au beau fixe ; Le Laos va t-il jouer dans la cour des grands ? Faut du temps et de patience ! Cependant, il est fort de constater que le Laos s’est assuré une place au chaud derrière son grand frère chinois pour se protéger de la crise. Désormais, on ne distingue plus le capitaliste du communiste, tous se mêlent. Quand on est vieux et aux abois, on montre chacun ses compassions. C'est comme çà qu'on est devenu sage comme Bouddha ! Institute: Lao economic growth to drop to 7% this year : Special Report: Global Financial Crisis : March 23 (Xinhua) -- The Lao National Economic Research Institute predicted Lao economy growth rate to be seven percent this fiscal year, about one percentage point lower than the government target due to the impacts of the ongoing global financial crisis, the Lao newspaper Vientiane Times reported Monday.The government planned last year it would achieve an economic growth rate of 7.5 to 8 percent this fiscal year and has maintained this forecast despite the onset of adverse effects from the global economic crisis. Russia to help Laos build three hydropower plants : (KPL) Russia will help Laos build three hydropower plants in the south of the country to supply domestic demand and exports. The three hydropower plants are estimated to cost more than 17. 1 trillion kip (about two billion USD) and have an installation capacity of 1,200 megawatts. They are expected to start operation in 2014, 2015, and 2016, respectively.
Australasians in Asia trade pact: South East Asian economy ministers have signed a free trade deal with Australia and New Zealand. Members of the 10-member Association of South East Asian Nations (Asean) struck the deal on the first day of a summit in Thailand dominated by the downturn. It is thought the deal could bolster the combined economies of the nations by up to $48bn (£33.8bn) by 2020, but will do little to ease current woes.OMC : Une accession raisonnée pour le Laos :
Le gouvernement laotien est lucide face à ces défis et c'est tout à son honneur. Dans la bouche des représentants venus plaider sa cause à l'OMC, on retiendra des promesses fortes. « La République démocratique populaire lao est déterminée à s'intégrer dans l'économie mondiale. (...) Nous envisageons ce processus (d'accession à l'OMC, ndlr) comme un processus de réforme mutuellement convenu, dans lequel la République démocratique populaire lao s'engage à adopter des réformes et à respecter un calendrier de mise en oeuvre », assurait son ministre en novembre dernier. Huit mois plus tard, une quatrième réunion entre le candidat et le groupe de travail des membres de l'OMC vient de valider les efforts menés et de reconnaître le chemin restant à faire. En toute humilité, Vientiane demande du temps pour accomplir ses nécessaires réformes et un appui technique aux membres
Best Western expands into Laos with appointment of area development partnership:
Best Western International – The World’s Largest Hotel Chain® - has set its sites on an aggressive program of expansion into Laos with the appointment of an area development partnership headed by Mr. Oudet Souvannavong Laos: ADB Predicts Strong Economic Growth For Laos: VIENTIANE, LAOS: The Asian Development Bank (ADB) expects Laos ' gross domestic product (GDP) to grow by at least 7% in the coming years, despite concerns about rising inflation . The ADB announced its prediction on Tuesday (16 Sept), saying major investments, new mining and hydropower projects and the expanding tourism sector would ensure the country's GDP achieved a growth rate of between 7% to 8% from now to 2011. Tatas eye iron ore mines in Laos: Ishita Ayan Dutt / Kolkata September 01, 2008, 23:18 IST
The group is also keen on investing in hydro-power sector in the Republic. Tata Steel, the world’s sixth largest steel-maker, is looking at acquiring iron ore deposits in Laos, officially the Lao People's Democratic Republic (PDR). The Tata group-owned steel company has already started prospecting some mines in Communist-ruled Laos.
 Top 10 Foreign investment in Laos 2008(KPL)The total foreign investment in Laos has reached 6 billion USD, the Ministry of Industry and Trade of Laos reported.Top 10 list of foreign investors in Laos is as follows:  Fin de février le P.M Samak SUNDARAVEJ de la Thailande a fait sa première visite officielle à l'étranger au Laos. Voir plus de Photos click on http://www.flickr.com/photos/laosvisit | 1. Thailand, (1.355 billion USD in 169 projects) 2. China, (1.138 billion USD in 237 projects) 3. Viet Nam (535.7 million USD in 120 projects) 4. France (428.2 million USD in 58 projects) 5. Japan (420.3 million USD in 33 projects) 6. India (350.2 million USD in 3 projects) 7. Australia (330.8 million USD in 27 projects) 8. South Korea (294.4 million USD in 105 projects) 9. Malaysia (135.2 million USD in 33 projects) 10. Singapore (101.1 million USD in 22 projects). Other countries that showed high foreign investment in Laos include Canada (ranking 11), Swizerland (ranking 12), England (ranking 13), Russia (ranking 14), Norway (ranking 15), Taiwan (ranking 16), United State (ranking 17), Germany (ranking 18), Poland (ranking 19), Italy (ranking 20). Lao agencies attributed increases in foreign investment to the country’s open policy and political stability. According to the Department of Foreign Investment Promotion and Management under the above ministry, investors from 37 countries and territories have invested in 1,031 projects in Laos. |
PetroVietnam arm to build Luang Prabang hydro project (VNA)
A Viet company has inked a deal on investment & building consultation in the construction of the Luang Prabang hydroelectricity plant in Laos. Subsidiary of PetroVietnam Power Corporation (PVPower), PVPower Engineering Consulting Joint Stock Company signed the internal corporation agreementThailand plans 40 million dollar bridge to Laos (TF/III)
Thailand's cabinet Tuesday approved a 40 million US dollar project to build a third bridge across the Mekong River to neighboring Laos, a spokesman said. "The cabinet approved 1.347 billion baht for the Thai highway department to build the bridge connecting the northeastern Thai province of NakhonChinese firm develops hydroelectric plant in Laos (PD)
The Nam Lik 1-2 Power Co. Ltd, a Chinese-invested firm, is developing a hydroelectric plant with capacity of 100 MW in Laos' northern Vientiane province, Laonewspaper Vientiane Times reported Tuesday. Capitalized at 150 million U.S. dollars, the two-turbine plant will generate 435 million kwh perWork begins on Nam Lik hydro plant (VientianeTimes)
The Minister of Energy and Mines, Dr Bosaikham Vongdara, joined a Chinese electrical company in opening the Nam Lik 1-2 hydropower project in Meuang Feuang district, Vientiane province, last Saturday. The opening ceremony was led by the Director General of the Nam Lik 1-2 Power Co Ltd,
Thailand plans 40 million dollar bridge to Laos (TF/III)
Thailand's cabinet Tuesday approved a 40 million US dollar project to build a third bridge across the Mekong River to neighboring Laos, a spokesman said. "The cabinet approved 1.347 billion baht for the Thai highway department to build the bridge connecting the northeastern Thai province of NakhonChinese firm develops hydroelectric plant in Laos (PD)
The Nam Lik 1-2 Power Co. Ltd, a Chinese-invested firm, is developing a hydroelectric plant with capacity of 100 MW in Laos' northern Vientiane province, Laonewspaper Vientiane Times reported Tuesday. Capitalized at 150 million U.S. dollars, the two-turbine plant will generate 435 million kwh perWork begins on Nam Lik hydro plant (VientianeTimes)
The Minister of Energy and Mines, Dr Bosaikham Vongdara, joined a Chinese electrical company in opening the Nam Lik 1-2 hydropower project in Meuang Feuang district, Vientiane province, last Saturday. The opening ceremony was led by the Director General of the Nam Lik 1-2 Power Co Ltd,
Laos giant dam nearly completes (Nation)
Two thirds of the 1,216 households that will be flooded by the reservoir created by the Nam Theun II dam in central Laos have been relocated, the World Bank said Friday. The relocation of 6,500 people from 17 villages will be completed by May next year, a month before the reservoir is flooded.Chinese seeks approval for hydro project on Mekong (ANN)
A Chinese company is considering building a hydropower plant on the Mekong River some 250 kms north of Vientiane & is conducting a feasibility study to determine the project's viability. The Hong Kong-based Da Tang International Power Generation Co Ltd has received the green light fromThailand approves third bridge to Laos (Bangkok Post)
The Thai Cabinet on Tuesday gave a green light to a draft agreement on the construction of the third Thai-Laos Friendship Bridge across the Mekong River, connecting Thailand's Nakhon Phanom and the Lao province of Khammoune. The pact between the two countries is expected to be signed bySepon mine in Laos (Mining Weekly)
The Sepon copper mine includes an ore, atmospheric leach, solvent extraction electrowinning copper processing plant. The chalcocite and other copper minerals go through a two-step process comprising an atmospheric leach and subsequent pressure oxidation circuit. The majority of the copper
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Korea's KRX to set up Laos stock exchange by 2010 (Yahoo) 
La Corée du sud a signé le MOU pour équiper la salle de marché de bourse(Stock Exchange) avec le gouverment du Laos et sera opérationnel en 2010.
South Korea's bourse operator said on Wednesday it has agreed with the Govt of Laos to set up a stock exchange in the Southeast Asian country by 2010 as a joint venture. The Korea Exchange signed a memorandum of understanding to launch the first stock exchange in Laos and encourage
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