Indonesia’s SOEs Minister encourages Pertamina to expand business abroad

The State Owned Enterprises (SOEs) Minister has encouraged state-owned oil and gas giant Pertamina to expand its fuel business to neighboring countries such as Thailand, Vietnam and especially to Myanmar, where Pertamina have been urged to operate gas stations by 2018. “With their prime-service in the gas station business, Pertamina must be able to compete […]

Denko gets green light for oil depot project

Denko Trading Company owned by business tycoon Chit Khaing has been granted permission to build an oil depot according to the Myanmar Investment Commission. The company will implement the project on 24 acres land of Thilawa Deep Sea port under a Build-Operate-Transfer (BOT) agreement authorised by the transportation ministry and Myanmar Ports Authority. Denko’s project […]