Trafigura’s Puma Energy to sell Myanmar business to local private company

46f69 sskm
The picture shows an aviation fuel servicing tanker of Puma Energy Asia Sun (PEAS).

Trafigura’s Puma Energy, which is the main supplier of aviation fuel in Myanmar, has signed an agreement to sell its stake in Myanmar to a local private company, according to the official statement on 5 October.
Following a board decision to exit Myanmar earlier this year, Trafigura’s Puma Energy has signed an agreement to sell its stake in Puma Energy Asia Sun (PEAS) and National Energy Puma Aviation Services (NEPAS) to a locally owned private company.
National Energy Puma Aviation Services Company (NEPASC), a joint venture between Singapore-based Puma Energy and state-owned Myanmar Petrochemical Enterprise, has executed the jet fuel business since 2015. – TWA/GNLM

Share this post
Hot News
Hot News
Bagan has more than 20 must-see art destinations besides famous pagodas: says MORAC director
Rising transportation cost, increase in cattle price, being close to Thingyan lead to rise in beef price
Myanmar Letwei fighter Thant Zin to miss tonight’s One Championship event due to health emergency
Machine-made brick trade good despite slight decline in price
Bamboo growers on the rise as bamboo products rebound in local and foreign markets
Appointment of Head of Service Organization
59th Gems Emporium to feature pearls, gemstones, and jade sets
Lacquerware Technology College prepares multifaceted welcome for foreign visitors
Chairman of SSMNC receives Chinese Ambassador to Myanmar and party
Myanmar-Russian armed forces exchange honorary medals for further cementing strategic partnership relations, military and civilian technological cooperation