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MOGE invited bids from relevant companies for a joint venture in the first half of the year and received 52 expressions of interest (EOI) from local as well as international companies. The process has suffered a setback with no forward movement since the EOIs were received. MOGE has promised to contact all the companies that sent in EOIs when they send out the tender.
Myanmar believes it needs several off shore bases but the exact number will be decided once the consultant is hired. However, no one company will be allowed to operate and build more than one base to prevent a monopoly situation from arising.
For more information on the state of the Oil and Gas industry in Myanmar, attend CMT’s MOGS Summit on Nov 17-18 2016 in Yangon.
The Myanmar 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 Services (NEPAS). The joint venture’s license was granted by the Myanmar Investment Commission (MIC) before the new government took over.
The company has distributed jet fuel at Yangon International Airport since October 1, 2015, and will distribute jet fuel at 11 airports before July 31 this year, according to the director general.
The ministry has long sought to distribute quality jet fuel, but faced difficulties buying machinery and safety equipment, being a state-owned enterprise. According to Thant Zin, the ministry had considered forming a joint-venture company since 2014.
51 percent of the joint-venture company is owned by the ministry, with 49 percent held by Puma Energy.
Find out more about how Myanmar is managing its export and domestic consumption for oil and gas, at the 4th Myanmar Oil & Gas Summit on 17-18 November in Yangon.