Myanmar seeks foreign partners to jointly operate refinery

[YANGON] Myanmar has invited foreign companies as partners to raise production capacity of and jointly operate the state-owned Thanlyin Refinery, its second-biggest, marking the opening up of the country's oil sector under new foreign investment laws.

The Ministry of Energy published the invitation to the foreign firms for participation in Thanlyin in state-owned paper Kyemon on July 14.

"What we want to do is to jointly operate the decades-old refinery after increasing its production capacity under a joint-venture project under Foreign Investment Law," a senior official from the Ministry of Energy told Reuters on Wednesday in response to a query.

He said the joint venture would carry out activities ranging from importing to storing and distributing a wide range of petroleum products.

source: Business Times

http://www.businesstimes.com.sg/breaking-news/asia/myanmar-seeks-foreign-partners-jointly-operate-refinery-20140716