PetroChina International started its first fuel station in Myanmar, marking the energy firm’s entry into the Southeast Asian country’s retail fuel market, parent company China National Petroleum Co (CNPC).
The fuel station in Yangon is a joint venture between PetroChina International’s Singapore unit and a local Myanmar firm, while gasoline is being supplied by PetroChina International’s Singapore operation, said CNPC
The Chinese state energy firm annually supplies more than 1 million tonnes of refined fuel to Myanmar, and also started running a fuel storage in Yangon last September
PetroChina operates a 260,000 barrels-per-day refinery in southwest China’s Yunnan province that processes crude oil piped from a Myanmar-China pipeline. The refinery exported its first refined fuel via trucks in April 2018, said CNPC.