Firms asked to bid for aviation contracts

Minister for Planning and Finance Kyaw Win says the government will give the green-light to entrepreneurs for the distribution of aviation fuel at airports, including Yangon International Airport.

He said: “Aviation fuel is distributed at Yangon International Airport under a joint venture with Puma. Other firms can run this business. We have invited businesses to submit their proposals for the trade. We will change the market mechanism at Yangon International Airport in order to avoid a monopoly.”

Myanmar Investment Commission has granted a permit to Singapore-based Puma which in May opened the first and largest fuel storage terminal at Thilawa Port with an investment of US$92 million.

Puma Energy and Asia Sun Energy formed a joint venture named Puma Energy Asia Sun Company.

Foreign investors are becoming interested in opening fuel stations in the country. Foreigners who want to open petrol stations need to seek approval from the Ministry of Electricity and Energy and the MIC.

Source: Eleven

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