Port to handle fuel oil to be established in Mandalay

Myanmar Energy Sector Development Public Company Limited will establish a port in Mandalay which meets international standards in loading and unloading of fuel oil.

The project will be carried out near the confluence of the Ayeyawady and Dottawady rivers in Amarapura Township, Mandalay Region. The construction of the buildings will take about a year. The handling of fuel oil business will be commenced six months after completion of construction.

“The project area was selected after evaluating the strength of land”, said U Ye Myint, the regional minister. “This place is not difficult in transportation and safe from fire danger. This port is expected to provide quality fuel oil for upper Myanmar at a cheap price”.

Mandalay will distribute fuel oil to upper Myanmar through normal trade. The company will build the necessary piers and oil storage facilities in Mandalay, said Dr. Win Myint, the chairman of Myanmar Energy Sector Development Public Company Limited.

The port will occupy 41.1 acres of land, accommodating 32 storage facilities which can hold 2 million gallons of oil and will include 4 piers to accommodate cargo ships. The port is expected to fill 136 bowsers at the same time, it is learnt.

Myanmar Energy Sector Development Public Company Limited was organized with 52 companies on 1st January, 2013 to be engaged in import, export, distribution and selling of fuel oil.

Source: Global New Light of Myanmar

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”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

Looking for foreign investors to invest in your business in Myanmar