MPPE joins with Puma Energy to distribute jet fuel

The Myanma Petroleum Products Enterprise (MPPE) under the Ministry of Electric Power and Energy is planning to cooperate with National Energy Puma Aviation Services to distribute jet fuel at 11 airports, said MPPE director general Thant Zin. The ministry signed a joint-venture agreement with Puma Energy in October 2015 to form National Energy Puma Aviation […]

Myanmar’s oil import infrastructure building picks up pace as demand rises

Myanmar is looking to build a slew of new oil storage terminals and jetties near its former capital Yangon as its small and ageing refineries cannot keep up with rapidly rising demand for refined products. The lifting of several international sanctions in 2012 has led to a sharp rise in cars being imported and sold […]

No winner for Thanlyin Oil Refinery

The Ministry of Energy will call another tender to refurbish the Thanlyin oil refinery, after the previous candidates have fallen short. In January, it was announced that two firms – Thailand’s PTT and Singapore’s Puma Energy – had been shortlisted, after about 20 international and local companies had flagged interest. Ministry of Energy director U […]

19 foreign companies signal interest in LPG joint venture tender

Nearly all of the 19 foreign companies submitting letters of expression of interest for a joint venture Liquefied Petroleum Gas (LPG) project have done so with a local partner, according to an announcement. The tender winner is to partner with state-owned Myanma Petrochemical Enterprise to import and distribute the fuel, which is a staple cooking […]

MPE opens more tenders

Myanma Petrochemical Enterprise (MPE) has invited local and foreign companies to submit proposals for a further slate of joint ventures, according to an announcement on May 25. The first tender invites private companies to build a Liquefied Petroleum Gas (LPG) terminal and supply chain for the LPG business. Interested investors should submit letters of expression […]

MPPE still plans filling station venture, but no date announced yet

Myanma Petroleum Products Enterprise (MPPE) is to enter the petroleum distribution market, though uncertainty still surrounds the timing, officials indicated yesterday. Most state-owned petrol stations, 260 in all, were privatised in 2010 after local companies were allowed to operate the petroleum business. The MPPE still operates the few remaining state-owned stations and serves as the […]

Myanmar’s oil sector attracts investment

The opening up of Myanmar’s economy after decades of isolation has led to a jump in oil demand, attracting local and foreign investors to build oil storage tanks and a terminal to meet rising consumption. Here are some details on the country’s oil sector. OIL DEMAND Fuel demand rose more than 5 percent to over […]

Puma pounces on Thilawa port

The firm selected to build Thilawa SEZ harbour and oil tanks has applied to the Myanmar Investment Commission, expecting to receive its license in the next few months, Puma chief operations officer Robert Jones said. Work on the project is set to begin shortly after receiving the licence. It is 80 percent owned by Puma […]