Parami Energy Readies Imported LPG for Sale as Demand Rises

The government is aiming to replace the use of electricity with Liquefied Petroleum Gas (LPG) as a fuel for household cooking. If widely used, LPG can reduce the use of firewood as well as electricity when cooking, which will help to conserve power as well as the environment. Last year, the Ministry of Electricity and […]

IOC to export jet fuel to Myanmar, explore LPG marketing deal

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 […]

Firms asked to bid for aviation contracts

Subscribe to our tender alert mailing list 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 […]

France’s TOTAL Company Suggests Local Fuel Dealing to MIC

DENKO fuel station being opened in Mawlamyaing Township, Mon State (Photo-DENKO Facebook) France-based Total Company has proposed a local fuel deal in cooperation with the Denko Trading Co. Ltd., to Myanmar Investment Committee (MIC). They have requested approval from the Ministry of Electricity and Energy, according to Directorate of Investment and Companies Administration (DICA). “Currently, […]

Puma Energy Asia Sun Opens Myanmar’s Largest and Most Modern Petroleum Products Terminal

Puma Energy Asia Sun (P.E.A.S), a joint venture between Puma Energy, the global mid and downstream energy company, and Asia Sun Energy (ASE), a local company experienced in logistics and trading in Myanmar, celebrated the opening of its petroleum products terminal at Thilawa port, southeast of Yangon. This USD92 million investment into the country’s largest […]

Trafigura-backed Puma Energy eyes Myanmar expansion

  New storage facility positions emerging SE Asian country as regional supply hub Puma Energy, the fuel storage and petrol station business backed by Swiss commodities trading house Trafigura, wants to expand in Myanmar across a range of fuel and petroleum products after opening a $100m storage facility at the southern port of Thilawa. The […]

Growing Economy Brings Rise in Fuel Oil Shipping from Singapore

​​ SINGAPORE — Burma’s oil imports are surging to fuel a fast-growing economy and rebuild rotting infrastructure, creating a small but profitable route for ships making a beeline for the emerging Southeast Asian nation from the regional hub of Singapore. Servicing growth that could top 8 percent this year is a clutch of small tankers […]

MPPE joins with Puma Energy to distribute jet fuel

The Myanma Petroleum Products Enterprise (MPPE) under the Ministry of Electric Power and Energy is planning to cooperate with National Energy Puma Aviation Services to distribute jet fuel at 11 airports, said MPPE director general Thant Zin. The ministry signed a joint-venture agreement with Puma Energy in October 2015 to form National Energy Puma Aviation […]

Myanmar’s oil import infrastructure building picks up pace as demand rises

Myanmar is looking to build a slew of new oil storage terminals and jetties near its former capital Yangon as its small and ageing refineries cannot keep up with rapidly rising demand for refined products. The lifting of several international sanctions in 2012 has led to a sharp rise in cars being imported and sold […]

No winner for Thanlyin Oil Refinery

Subscribe to our tender alert mailing list The Ministry of Energy will call another tender to refurbish the Thanlyin oil refinery, after the previous candidates have fallen short. In January, it was announced that two firms – Thailand’s PTT and Singapore’s Puma Energy – had been shortlisted, after about 20 international and local companies had […]