Government reveals plans to build first modern oil refinery in Myanmar

State-owned Myanma Petrochemical Enterprise (MPE) is planning to build a new oil refinery near an existing state-run facility in Magwe Region, Daw Yin Yin Aung, deputy director of MPE, told The Myanmar Times. The government intends for the project to be implemented in cooperation with the private sector under a Public Private Partnership, in line […]

Myanmar considers direct imports, new infrastructure to lower domestic fuel costs

The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and Myanmar Petroleum Trade Association (MPTA) have suggested that Myanmar directly import fuel oil from oil exporting countries in Asia. The move took place during a meeting with U Win Khine, Minister of the Ministry of Electricity and Energy (MOEE) at the UMFCCI […]

Mandalay association to build fuel tanks

A new public company formed by members of a Mandalay petroleum association intends to build 34 fuel tanks on the bank of the Ayeyarwady River, to refuel passing ships. The Myanma Energy Development Public Company will build tanks that can hold 2 million gallons of fuel on 48 acres of land, secretary U Kyaw Kyaw […]

MPPE announces JV tender for petroleum business

Myanma Petroleum Products Enterprise (MPPE) has invited private companies to form a joint venture for a project in the petroleum industry, through a tender published in a state-run newspaper. The state-owned enterprise has been preparing the tender documents for the past few months, with a view to re-entering the petroleum distribution market in partnership with […]

MPPE still plans filling station venture, but no date announced yet

Myanma Petroleum Products Enterprise (MPPE) is to enter the petroleum distribution market, though uncertainty still surrounds the timing, officials indicated yesterday. Most state-owned petrol stations, 260 in all, were privatised in 2010 after local companies were allowed to operate the petroleum business. The MPPE still operates the few remaining state-owned stations and serves as the […]

Myanmar Trade and Business Association List

We get alot of questions about what are the various business and trade associations other than UMFCCI that a foreign investor should know about. Appended below is the list that we recommend: Myanmar Gems & Jewellery Entrepreneurs Association     29,Min Ye Kyaw Swar Rd.,Ward (8),LMDW 218451, 2300159   Association of Myanmar Architects [AMA]     Ward (9),HLG 519673~76 […]