Economy
The principal product of Magway Region is petroleum. It produces most of the oil and natural gas in Burma. The following oil fields are located in the Magway Region: the Mann, Yenangyaung, Chauk, Kyauk-khwet, Letpando and Ayadaw oil fileds.
In May 2002 Russia agreed to help Myanmar build a 10-megawatt nuclear reactor and two laboratories in the region. Other industries include cement, cotton weaving, and tobacco, iron and bronze. Magway Region produces a large quantity of edible oil as well as petroleum, hence gaining a reputation as the "oil pot of Myanmar".
Agriculture is also important. The major crops are sesamum and groundnut. Other crops grown are rice, millet, maize, sunflower, beans and pulses, tobacco, toddy, chili, onions, and potatoes. Famous products of Magway Region include: Thanaka (Limonia acidissima) and Phangar (Chebulic myorobalan) fruit.
Magway has almost no tourist industry.
Read more about this topic: Magway Region
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