Joint-venture granted licence to trade machine oil
Myanmar Investment Commission has granted a licence to Puma Energy Asia Sun, said U San Myint, deputy director general from the Directorate of Investment and Company Administration. The licence allows the firm to conduct domestic retail and wholesale business for machine oil. PEAS Company started on May 6 to provide premium petroleum products and machine oil-related services. The enterprise has been granted a licence last week, U San Myint explained at a press conference on May 22. “We have granted a licence to Puma Energy Asia Sun. According to this licence, it will allow the distribution of machine oil in both wholesale and retail trade. But there is no extension of new investment,” the deputy director general said.
