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South Korean Company Finds Gas Reserve in Burma


A South Korean company says it has discovered a large deposit of natural gas in northern Burma.

The company, Daewoo International, said Thursday the reserve covers an area that is nearly seven-thousand square kilometers.

Daewoo has rights to 60% of the gas reserves. In December, the company said it discovered a gas field in Burma that holds around three trillion cubic feet of reserves.

The company has been exploring oil fields in northern Burma since it won the rights in 2004.

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