News

As Myanmar’s military leaders relaxed with family members in Pyin Oo Lwin and Nay Pyi Taw for this year’s water festival in April, a crisis was slowly building in the waters off Yangon. Oil tankers from Singapore were bobbing in the Gulf of Mottama, refusing to ...

Despite the fact that the Myanmar-China pipeline has started to import oil, local residents have yet to receive the compensation due to them for damage to their crops arising from digging works on the pipeline. Crops had been pressed down by soil and landslides have occurred ...

The plan to make a switch from the popular RON A92 petrol to biofuel E5 by January 1, 2018 may fail as ethanol plants have become bogged down in difficulties. Deadlines for replacing A92 petrol with E5 biofuel have been set up, but all of them ...

The public can be assured that petrol prices will not increase during the Thingyan period, Dr Win Myint, secretary of the Myanmar Petroleum Trade Association (MPTA) said. He said this at a press conference on Wednesday at the main office of the Union of Myanmar Federation ...

Leading energy conglomerate PTT plans to restructure its petrochemical operations in moves that would also see the sale of its propane and bioplastic business chains to subsidiary PTT Global Chemical, chief executive Tevin Vongvanich said. The proposal would be put to shareholder meetings in April, ...

Thailand’s two major petrochemical companies have reported a surge in combined net profit for last year of 54.2 per cent from the prior year to Bt41.79 billion. Indorama Ventures posted net profit of Bt16.19 billion, a jump of 145 per cent year on year, while ...

Cambodia will prohibit land-based imports of refined petroleum products from January 1 to eliminate smuggling along the country’s borders and improve the efficiency of customs revenue collection, officials said on December 29. According to the General Department of Customs and Excise, which announced the ban ...

Motorists in Laos could enjoy lower prices at the pump now that the Lao and Vietnamese governments have expressed their full support for the construction of a pipeline that would deliver fuel from Vietnam to Laos. The survey, design and feasibility study of the proposed ...

Nguyen Ngoc Toan – Deputy Chief of the Management Board of Nhon Hoi Economic Zone – said local officials had met with Thailand’s PTT Group on the progress of the Nhon Hoi (Victory) petrochemical project. Binh Dinh officials and the investors discussed with representatives of the ...

Vietnam’s Deputy Prime Minister Nguyen Xuan Phuc called on ministries and agencies to co-operate better with the coast guard and border guard in fighting petrol smuggling. Phuc, who is also head of the National Steering Committee on the Prevention and Control of Smuggling, Trade Fraud and ...