Business · Energy & Commodities · 4 hrs ago

Myanmar restarts refinery as it seeks to produce more fuel at home

Myanmar restarts refinery as it seeks to produce more fuel at home

A refinery near Yangon has resumed commercial operations after being idle.

The Thanlyin refinery’s new first-phase plant is part of Myanmar’s effort to shift toward producing gasoline and jet fuel at home.

The country currently imports almost all of those fuels, mainly from Southeast Asia and other regions.

The refinery needs crude oil as its raw material, and Myanmar may expand crude-oil trade with China, Russia and Middle Eastern countries to supply it.

A second phase is due to be completed in 2028.

Once it is finished, the refinery is expected to process more than 60,000 barrels of crude a day.

This could increase domestic fuel production and reduce reliance on imported fuel.

1 source

Related