echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Petrochemical News > Myanmar announced that it would import gasoline from Russia and set up a special committee to purchase it

    Myanmar announced that it would import gasoline from Russia and set up a special committee to purchase it

    • Last Update: 2022-10-19
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    According to Reuters and Bloomberg, Zaw Min Tun, a spokesman for Myanmar's National Governing Council, announced at a press conference on August 17 that Myanmar is ready to import gasoline and fuel oil from Russia to ease the problem of
    domestic supply and soaring oil prices.
    Myanmar has also set up a ten-member committee specifically to guide the purchase of fuel from Russia
    .

    Reuters: Myanmar's military junta says it is ready to import Russian oil

    "We have obtained an import license
    for gasoline from Russia.
    " Zorminton said at a press conference that Russian oil products are favored
    because of "good quality and low cost".
    According to the report, the oil products will arrive in Myanmar
    in batches from September.

    Sao Min-tun revealed that the agreement to buy fuel was reached during Myanmar's
    National Governing Council Chairman Min Aung Lai during his visit to Russia last month.

    "A few months before our head of state visited Russia in July, the two sides discussed the purchase and distribution of fuel oil from Russia
    .
    During his visit (Min Aung Ley) (Russia), the agreement was successfully reached
    .
    Our goal is to purchase high-quality products
    at low prices from countries where fuel oil is available quickly.
    Zuo Mintun said
    .

    Zomothorn also said Myanmar would consider joint oil
    exploration with Russia and China in Myanmar.

    Myanmar National Governing Council Spokesperson Zo Min-ton (Agence France-Presse photo)

    A statement published in Myanmar's official newspaper on August 17 said the Burmese military government had set up a "Russian Oil Purchasing Committee" headed
    by a close ally of Min Aung Ley.
    The committee is responsible for procuring, importing and transporting fuel
    at reasonable prices based on Myanmar's needs.

    The Russian Satellite News Agency reported on August 17 that the committee will also provide the necessary foreign exchange to the government every month to ensure that the tankers arrive on time and work with relevant departments to verify
    the quality and quantity of oil.
    In addition to petroleum and petroleum products, the Committee will, when required, regulate
    the import of other materials and commodities from Russia in accordance with the orders and instructions of the Myanmar State Management Council.

    Bloomberg reports that it is unclear how Russian fuel will be transported to Myanmar
    .
    The two countries have previously considered importing Russian energy
    through a pipeline through India or China.

    Myanmar imports an average of more than 6 million tons of fuel oil annually, mainly from Singapore
    .
    Affected by political unrest and rising global energy prices, gasoline prices in Myanmar have risen by about 350% since February last year, reaching 2,300 to 2,700 kyats (about 7.
    4 to 8.
    64 yuan)
    per liter.
    In April this year, gas stations in Yangon, Mandalay, Mujie and other places in Myanmar imposed sales restrictions, and there were long queues
    of vehicles in front of gas stations in various places.
    But Zominton dismissed rumours of fuel shortages, saying Myanmar had ample fuel reserves
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.