Woodside bought a 40% stake of Myanmar oil and gas

Woodside Petroleum Ltd. , an Australia's company, said on Friday that the company has bought a 40% stake in an oil and gas exploration block offshore Myanmar, as foreign companies become increasingly willing to risk investing in the once-reclusive Asian nation.
Woodside bought the stake in block AD-7 in the Rakhine Basin, in the western offshore area of Myanmar, from South Korea's Daewoo International Corp. , without giving a price.

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