Trafigura’s Puma Energy to sell Myanmar business to local private company

TRAFIGURA’S Puma Energy, which is the main supplier of aviation fuel in Myanmar, has signed an agreement to sell its stake in Myanmar to a local private company, according to the official statement on 5 October. Following a board decision to exit Myanmar earlier this year, Trafigura’s Puma Energy has signed an agreement to sell […]

An industry-crippling jet fuel monopoly breaks

A domestic airline has received approval to sell aviation fuel in a decision that has ended a monopoly and raised hopes of cheaper prices and better service. GOLDEN MYANMAR Airlines has received Myanmar Investment Commission approval to operate an aviation fuel business, in the first sign of competition for the state-backed monopoly that airlines say […]

Puma Energy threatens legal action on trademark infringement

Singapore oil company Puma Energy is officially prohibiting the use of its trademark, name and logo in Myanmar after a local petrol station began branding itself as Puma Power and displaying a logo that is almost identical to the former’s in the local market. The notice was published by Puma Energy’s lawyer on the company’s […]

HK carrier working to resolve ‘issues’ at Mandalay airport

Budget airline HK Express will review restarting flights to Mandalay after resolving issues that local aviation officials said concerned fuel quality. But the firm that supplies the country’s airports said there are no doubts about the standard of fuel it provides. The Hong Kong carrier began flights to Yangon and Mandalay in the first week […]

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 […]