Puma Energy announced that its joint venture with Asia Sun Energy (ASE), called Puma Energy Asia Sun (P.E.A.S), celebrated the opening of its petroleum products terminal at Thilawa port, southeast of Yango, Myanmar.
According to the company’s statement, the Thilawa terminal will have a fuel storage capacity of 91,000m³. This investment is the first for the petroleum industry in Myanmar, which has just opened up to foreign direct investment in this area.
The Thilawa terminal is expected to be the largest and most modern refined products import terminal in Myanmar. Its storage facilities include commercial fuels (Mogas 95 and 92, low sulphur Diesel), HFO (heavy fuel oil typically used for power generation), bitumen and jet fuel.
“The Thilawa terminal will support Myanmar’s increasing need for transport fuel and contribute towards the nation’s development,” said David Holden, General Manager of Puma Energy Asia Sun.
For this purpose, P.E.A.S has hired 80 full-time staff, the majority of whom are local hires.
In addition, the Puma Energy Asia Sun terminal is the first in Myanmar to be built to American Petroleum Institute (API), American Society Mechanical Engineering (ASME) and National Fire Protection Association (NFPA) international guidelines for construction, safety and environmental standards.
