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 Energy and 20pc by local partner Asian Sun, and set for a mid-2015 completion.

The harbour will include a jetty capable of handling medium-sized vessels and a storage facility capable of holding 88,000 cubic metres of bitumen and other petroleum products.

Puma, a Singapore-based mid- and downstream energy company, is also mulling entering the retail business, Mr Jones told The Myanmar Times in Singapore on April 25.

“There are not enough service stations and retail stations to meet demand,” he said. “It will be a very interesting business.”

Puma Energy plans to eventually establish up to 150 retail sites for petroleum products around Myanmar. Puma is the first foreign company granted permission to develop oil storage facilities in Myanmar, and was selected to build the Thilawa facilities through a tender process in mid-2013.

Source: Myanmar Times

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here