World News
91,000 cbm Fuel Storage Terminal Opens at Myanmar's Thilawa Port
Puma Energy Monday announced that its joint venture with Asia Sun Energy (ASE), called Puma Energy Asia Sun (P.E.A.S), marked the opening of its petroleum products terminal at Thilawa port, southeast of Yangon - said to be the first of its kind for the petroleum industry in Myanmar.
With a 91,000 cubic metre (cbm) storage capacity, the Thilawa terminal is also noted to be the largest and most modern refined products import terminals in Myanmar, offering storage for a range of petroleum products, including HFO, low-sulfur diesel, and other commercial fuels.
"Puma Energy Asia Sun has invested close to $100 million in this vital fuel infrastructure to support the long-term economic development of the country," said David Holden, General Manager of Puma Energy Asia Sun.
"The Thilawa terminal will support Myanmar's increasing need for transport fuel and contribute towards the nation's development."
Win Kyaw, Chairman of P.E.A.S, commenting on the facilities' opening, said: "we are proud to set a standard in the industry with our infrastructure, modern quality control processes and independent on-site lab. We are confident that these unique features will establish Puma Energy Asia Sun as a reliable provider of high quality fuels in Myanmar."
In 2015, Ship & Bunker reported that Puma Energy had become the first foreign company to be granted a license to build oil storage facilities in Myanmar.
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