Daewoo International is accelerating its pace of overseas resources development, as the company plans to embark on its Myanmar gas project from May 2013.

Releasing a special financial report on June 13 that was meant to promote the improved investment among investors, Daewoo announced a timeframe for its resource projects.

In a recent PR event for investors, the company unveiled plans to invest in overseas resources projects, including in oil and minerals, as well as the Myanmar gas field.

Meanwhile, Daewoo announced that its three ongoing resources projects Onshore Block 8 Production in Peru, Oman LNG Plant and Offshore 11-2 Gas Development in Vietnam generate KRW 30 billion in annual profit. The figure is expected to increase once the Australian Narrabri coal mine currently in testing phase and the Ambatobi nickel mine in Madagascar start operations.