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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Legal action for illegal trade in foreign currencies, cash payments in exchange for bank deposits through percentage

Myanmar will take action against those carrying and trading foreign currencies illegally and those who hold cash exchange the kyats deposited in the bank account by taking a percentage, according to the Gold and Financial Markets Overseeing Working Committee. The committee announced that complaints could be lodged against those who involve in committing acts that..

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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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PTTEP approved to build gas-to-power plant in Myanmar

Myanmar has approved the development of an Integrated Domestic Gas to Power Project involving US$2 billion in investments in Kyaiklat, Ayeyarwady Region. The Ministry of Electricity and Energy granted a Notice to Proceed to Thai national oil company PTTEP for the 592-megawatt project, which will be carried out under a 20-year Build, Operate and Transfer..

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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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