EITI Status Yet to be assessed against the 2016 Standard
Joined EITI in 2014
Latest Data From 2017
Website EITI Myanmar
Last updated 1 July 2019


Myanmar's natural resources include oil and gas, minerals and gems. The extractive sector accounted for 6% of GDP, 20% of State revenue and 47.6% of exports in 2015-2016. It has proven oil reserves of 138 million barrels and proven gas reserves of nine trillion cubic feet. The extractive sector is the second largest source of foreign direct investment, with gas and gems being the two main revenue generating commodities.

The Myanmar government's 12-point Economic Policy accentuates the strategic role of EITI in the reform process, specifically in natural resource governance. The EITI creates a platform for vibrant discussions on issues around revenue sharing, state-owned enterprises, and lack of unified mineral cadastre system. The EITI is also stimulating public debate and shedding light on lost revenues from the gems and jade sector. According to the third Myanmar EITI Report, the value of gems and jade that were sold through the emporium in 2015-2016 was estimated at US$848m, while total government revenue collected amounted to US$ 578m. However, study commissioned by Myanmar EITI in 2016 estimated that 60-80% of gemstones produced in the country are not declared and therefore bypass the formal system.

Extractive industries contribution

  • 6 %
    to GDP
  • 48 %
    to exports
  • 0.2 %
    to employment
  • 20 %
    to government revenue

Beneficial ownership disclosure

On 30 June 2018, the Government of Myanmar created a Beneficial Ownership (BO) Task Force composed of representatives from relevant government agencies, which aims to provide leadership and direction to the country’s efforts on beneficial ownership disclosure. Following the publication of MEITI beneficial ownership roadmap, the MSG developed a work plan detailing specific activities related to the disclosure of information on company ownership.

The MSG also commisioned a BO pilot study where 17 out of the 21 volunteering companies provided information on their legal and beneficial owners. The study lists 31 natural persons who hold not less than 5% of the shares or voting rights and have control over the respective participating companies via other means. Data from the pilot study are presented in an interactive infographic

Global Witness also documented the beneficial owners of many of the oil and gas companies operating in the country in 2014.



Natural resources

Myanmar has rich deposits of natural gas, petroleum, coal, copper, gemstones, precious and semi-precious stones, tin, tungsten, and zinc. Around 90% of the world’s supply of rubies are sourced from Myanmar and the country is also the world’s largest single source of Jade. Oil and gas is found both offshore and onshore. Mining occurs throughout the country with most of the jade deposits located in Kachin and Sagaing state.

Oil138 million barrels1.5 million barrels
Gas9 trillion cubic feet 677,668 MMscfsecond highest production in Southeast Asia

Revenue collection

The latest EITI disclosures (2016) show that Myanmar received USD 2 billion from extractive industry. Almost 76% of these revenues came from oil and gas, with the rest from gems and jade (21%) and other minerals (3%). Extractive revenues were mainly collected through the government’s share of oil and gas production, royalties, signature bonuses and corporate income tax. 

Revenue allocation

Extractive revenues in Myanmar are mainly retained by State-Owned Enterprises (SOEs) in their “Other Accounts” as the company’s own funds and for the purpose of its exclusive operations and capital investment. The lastest EITI figures indicate that in fiscal year 2015/16, oil, gas and mining SOEs collected 79% of revenues received from extractive companies. The largest of them, the Myanma Oil and Gas Enterprise (MOGE) alone accounted for almost 66% of extractive revenues, illustrating the significant role that state-owned companies play in the country’s extractive sector.

The SOEs then contribute to the government’s budget through two main fiscal instruments: profit tax and dividend, consisting of a direct transfer of 25% and 20% of the profits of SOEs to the government budget respectively.

Social and economic contribution

According to the 2015-2016 EITI Report, the Gross Domestic Product (GDP) contribution from the extractive sector for 2015-2016 amounted for 6% of the Country’s GDP. The extractive sector’s contribution to the State’s revenue amounted to 20% in 2015-2016, with an export value amounting to 47.6% in the same period.

While there is limited information of the entire sector’s contribution to employment, available data suggest from selected companies and SOEs show direct employment of about 35,603 individuals representing 0.2% of total Country’s 2015-2016 labour force of 21.79 million

Policy recommendations and reforms

The 2015-16 EITI Myanmar Report found that potential revenue from minerals are lost due to weak governance of the extractive industries.  Some recommendations included the strengthening of the institutional capacities of the IRD by establishing an Extractive Industry Revenue Unit, improving data availability and accessibility, and developing better systems for the certification, traceability and valuation of the gemstones, and reforming the governance of SOEs. 


The EITI encourages multi-stakeholder groups to explore innovative approaches to make the EITI more relevant and useful.

  • EITI subnational units have been established in Mandalay, Magway, Rakhine and Shan.

  • The 2015-2016 EITI Report includes reconciliation of production and exports data.



On 29 December 2016, the Union Government formally established the Myanmar EITI Leading Committee, which is is the highest EITI governing body in the country. The Leading Committee is composed of the Minister of Planning and Finance as Chair, the Minister of Natural Resources and Environmental Conservation and the Minister of Energy and Electricity as members, and the Deputy Minister of MOPF as Secretary. The Renaissance Institute was appointed as the National Coordination Secretariat (NCS). The current MSG consists of nine members from civil society and seven members each from government and industry. Civil society is represented by the Myanmar Alliance for Transparency and Accountability (MATA), while industry is represented by members of the Myanmar Federation of Mining Associations (MFMA), Myanmar Gems and Jewellery Entrepreneurs Association (MGJEA) and oil and gas companies. The forestry sector is also represented through the Myanmar Forest Products Merchants Federation (MFPMF).

On 7 March 2017, the EITI International Board set 1 July 2018 as the commncement date for Myanmar's Validation. 




Myanmar's Validation against the Standard commenced on 1 July 2018. The country was admitted as EITI candidate in 2014.