Myanmar-Singapore joint venture to build Thilawa jetty

YANGON – A joint venture company has received government approval to build a jetty and petrol storage tanks at Thilawa port.

The Singapore-based Puma Energy Irrawaddy Pte Ltd and Asia Sun Energy from Myanmar have joined hands under Puma Energy Asia Sun. The Myanmar Investment Commission approved the deal during a meeting in Nay Pyi Taw.

Together they will build a jetty and storage tanks for handling petrol, oil and tar at the Thilawa port area in Thanhlyn Township under a build, operate and transfer agreement with the government.

Other companies which received approval for similar projects in Thilawa include: Apex Gas and Oil, Padauk Shwe War Port and Petroleum, Thuriya Energy Depot Management, and Shwe Taung Energy Services, to name a few.

Source: ELEVEN MYANMAR

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