Foreign investors keen to open petrol stations

YANGON- Foreign investors are very keen to open petrol and fuel filling stations in Myanmar. The Myanmar Investment Commission (MIC) says companies have asked if they are allowed to open domestic fuel stations. “Currently, no one has submitted a suggestion about the fuel market,” MIC secretary Aung Naing Oo said. However, foreign investors had asked […]

About 600 private fuel stations seeking permits

Permits to open about 600 private fuel stations in Yangon are being sought, which could alleviate the paucity of petrol stations in the region. There are currently 2,065 fuel stations across the country. but only about 150 fuel stations in Yangon because the land and real property values in Yangon are excessively high, entrepreneurs said. […]

Ministry of Electric Power and Energy to open petrol stations

The Ministry of Electric Power and Energy is planning to cooperate with a foreign company to sell and distribute petrol and diesel fuel to government ministries and will open petrol filling stations to compete with the private sector, said Thant Zin, director general of the Myanma Petroleum Products Enterprise. The joint-venture process will be finalised […]

Foreign fuel tender to come in October

Foreign firms will be likely be invited to compete to form a joint venture to distribute fuel in October, said Myanma Petroleum Products Enterprise (MPPE) director U Myint Zaw. Private fuel importing has been allowed since 2010, but foreign firms have so far been prevented from setting up shop. The successful firm in the joint […]