The State Administration Council released Notification No 127/2022 saying the Steering Committee for Purchasing Fuel Oil from Russia was organized.
The committee will import the oil from Russia as per the State policies and economic policies depending on the country’s need, store and distribute the imported quality fuel at reasonable prices, and cooperate with the governmental departments and private organizations in purchasing, importing and transport processes.
It will also submit the needed foreign currency to the government monthly, supervise the arrival of fuel tankers in time and inspect the quality and quantity of oil together with the relevant organizations, it said. Moreover, it will conduct necessary actions to distribute the fuel oil to Tatmadaw and ministries and supervise the import companies whether they follow the rules and regulations of the Supervisory Committee on Import, Storage and Distribution of Fuel Oil under the Ministry of Commerce.
It will also manage for further needs of the country in addition to fuel oil and petrochemicals produced in Russia in line with the directives of the State Administration Council, it added.
Lt-Gen Nyo Saw will serve as Chairman of the 10-member steering committee. — TWA/GNLM