Indian Oil Corporation (IOC) will start exporting aviation turbine fuel (ATF) to Myanmar from next month. The State-owned oil major is also exploring the prospects of LPG exports and will open an office in Yangon. According to IOC sources, the company will export 12,000-14,000 tonnes of ATF and an equivalent amount of diesel to Myanmar […]
Numaligarh Refinery becomes Myanmar’s sixth fuel retailer
September 5, 2017 by
Assam-based Numaligarh Refinery (NRL), in joint venture with Parami Energy Group, has entered the fuel retailing business in Myanmar. NRL, a subsidiary of BPCL, becomes the sixth fuel retailer in Myanmar, which includes Shell, Total and a clutch of companies from Vietnam and Thailand. Two road tankers, carrying approximately 4,000 gallons of fuel each, will […]
What do Local and International Businesses Make of The Belt and Road?
June 7, 2017 by
Businesses in Myanmar generally welcome the Belt and Road Initiative’s (BRI) investment boost for the country’s infrastructure development. Some urged Myanmar to be more proactive in navigating its involvement in the scheme. Many emphasised the importance of transparency, public engagement and adhering to international practices. But some have also expressed reservation and scepticism against China’s ambitious […]
Coal power central to gov’t energy plans
February 16, 2016 by
Myanmar’s energy sector will require investment of between US$30 billion and $40 billion over the next 15 to 20 years, and should focus on coal power, according to the government’s Energy Master Plan, published last month. Domestic energy consumption is forecast to almost double to 21.9 million tonnes of oil equivalent (mtoe) in 2030 from […]
Coal power projects to be delayed
September 2, 2015 by
All of Myamar’s planned coal-fired power projects are likely to be delayed beyond the general election, which is set to be held on November 8, according to officials. A memorandum of understanding (MoU) for 11 coal-fired power plants was signed between the Ministry of Electric Power (MOEP) and local and international private companies in 2010, […]
Kyaukphyu bidders come from China
February 20, 2015 by
The ongoing tender to build portions of Kyaukphyu special economic zone has attracted interest almost entirely from Chinese firms. Of the total 12 companies that have so far entered bids, 11 are from mainland China and the other one is a local company, according to a businessperson close to the situation. The Bid Evaluation and […]
Myanmar’s oil and gas boom fuels services scramble
May 12, 2014 by
YANGON — As economic and political changes brewed in Myanmar four years ago, Yadana Su Hlaing decided it was time to return home after a decade studying and working overseas to help run Smart Technical Services, the Yangon-based oil and gas support services company founded by her father, K.K. Hlaing. Her timing could not have […]
