The Myanma Petroleum Products Enterprise (MPPE) has invited foreign companies to form a joint venture to improve its jet fuel distribution system, the state-owned company said.
MPPE, which is responsible for carrying out the retail and wholesale distribution of petroleum products under the Ministry of Energy (MOE), invited Expression of Interest (EoI) from interested parties for sales and distribution of jet fuel through a newspaper announcement.
The applicants must have experience in distributing jet fuel to at least three international airports in three different countries, the announcement said.
“In order to better serve customers in the importation, storage, distribution and sales of jet fuel in Myanmar’s airports and to improve the management of the business while conducting environmentally friendly operations, the government and the MPPE are seeking an experienced partner to form a joint venture,” MPPE said.
The MPPE is currently distributing about 127 million litres of jet fuel a year at 11 airports around Myanmar, including Yangon, Mandalay and Nay Pyi Taw. However, the tender has been called for only Yangon International Airport.
“The tender is only for Mingalardon Airport [Yangon International Airport]. There will be no further tenders, we will try to expand our partnership with the existing company for the remaining airports,” U Myint Tin, deputy director general of MPPE, told Myanmar Business Today.
MPPE said the purpose of the future joint venture company is to “operate and improve” the enterprise’s business activity. “At a later stage, negotiations will be opened with the MPPE to expand the joint venture to the remaining 10 airports,” MPPE said.
Interested foreign companies can submit the letter of EoI together with a completed Pre-Qualification Application form (posted on MOE’s website: http://www.energy.gov.mm) along with the following documents endorsed by Myanmar embassy in the respective country: certificate of incorporation, memorandum of association, articles of association, company profile and financial statements for last three years.
The application has to be sent to: Managing Director, Myanma Petroleum Products Enterprise, Ministry of Energy, Office No.6, Nay Pyi Taw, by 16:30 on June 16, at the latest, by hand, MPPE said.