MOEE refutes fuel shortage rumours saying it has 45m gallons of petrol, 70m gallons of diesel in stock

Fuel shortages are impossible as Myanmar still has a stock of about 45 million gallons of petrol and about 70 million gallons of diesel including Thilawa fuel tanks, according to the Petroleum Products Regulatory Department under the Ministry of Electricity and Energy (MOEE). The department was responding to the questions from People Media and MHT..

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TotalEnergies won’t seek compensation for Myanmar exit

  France’s TotalEnergies said Wednesday that it would not seek financial compensation for its withdrawal from Myanmar over concerns about human rights abuses since a coup last year. The French energy giant and US partner Chevron announced in January that they would pull out of the Yadana gas field, with TotalEnergies citing the “worsening” situation..

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Two Chinese firms will commence feasibility studies for the construction of an oil refinery in Dawei Special Economic ZOne (SEZ) in Tanintharyi Region soon.

Yunnan Indo-Pacific Group and CNPC East China Design Institute will conduct the feasibility studies in co-orperation with local company Myanmar Chemical and Machinery Co.Ltd (MCM). MCM last month asked for permission from the Ministry of Electricity and Energy (MOEE) to conduct the study for the refinery, which will have the capacity to process 8 million..

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Govt greenlights Ywama gas plant upgrade

The Upgrading of a combined cycle gas turbine power plant in Ywama, Yangon, has been given the go-ahead by the Ministry of Electricity and Energy (MOEE). The Power plant is located in Insein township, and the US$300 million required for the upgrading will be provided by the World Bank. A tender for the project will..

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Integrated LNG Power Project in Thilawa , Yangon Region

YANGON/TOKYO — Trading houses Marubeni, Sumitomo Corp. and Mitsui & Co. will build a liquefied natural gas-fired power plant in Myanmar, one of the biggest investments by Japanese companies in the Southeast Asian country, people familiar with the matter say. The three companies estimate total investment in the project at $1.5 billion to $2 billion…

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