Oil Industry in Myanmar Challenges to · PDF fileOil Industry in Myanmar ～ Challenges to overcome ... Insufficient LPG recovery ... C.90% Recovery 370 max Index 48 min Deg,

Feb, 2015

Oil Industry in Myanmar

～ Challenges to overcome ～

Nomura Research Institute

Copyright（C） 2014 Nomura Research Institute, Ltd. And JX Nippon Oil & Energy Corporation. All rights reserved. 1

Contents

①Present situation of Myanmar Oil Industry

②Myanmar Oil Industry in the future


Myanmar energy supply structure

Myanmar will have to depend more on the oil products in the future

It is clear that oil products demand will grow due to increase in number of vehicles

Energy supply structure(2010) Energy supply structure(2030)

Total: 35.2 MTOE

Key Factors

1. Government Policy 2. Energy Conversion 3. Foreign Investment 4. Energy/Environment Conservation

Total: 14.0 MTOE

2% 6%

12% 3%

77%

Coal and Peat

Crude Oil

Natural Gas

Renewables

Biofuels and Waste

2%

28%

27%

38%

6%

Coal and Peat

Crude Oil

Natural Gas

Renewables

Biofuels and Waste

Source : IEA


Population

Increase Expectation of

Economic Growth

FDI Increase

Economic

Growth

Energy

consumption

Increase Increase of

Oil products

Decrease of

Foreign currency

Reserve

Unstable

Financial Market

Limit the FDI

increase

Outflow of

the added value

Limit the economic growth

Impact of rising energy consumption on economy

Rapid increase in energy consumption can also become potential bottleneck towards economic growth of the country


Problems in Myanmar Oil Industry

There are mainly 4 problems in Myanmar Oil Industry

Problems exist in each value chain of oil industry

Refinery

Import

Storage

Transport

Wholesale

Retail

Problems Action by GOM

?

?

?

?

② Low competitiveness of

domestic products

③ Inefficiency of the

distribution system

④ Safe / Reliable Operation

a. Several small players

b. Smuggling/ illegal trade

c. Poor quality products

① Defic

ien

cy o

f go

vern

men

t

co

ntro

l / man

ag

em

en

t


② Low competitiveness of domestic products – refinery location in Myanmar

Myanmar has 3 refineries. However, the operation rate is considerably low.

Thanlyin

• 20,000 BPD

Mann

Thanbaykan

• 25000 BPD

Chauk

• 6000 BPD New Refinery

• 56,000 BPD plan

• With Thailand and

China company

Dawei

• 100,000BPD

• With Guangdong Zhenrong

Energy Co.Ltd.

Source：Opportunities For Co-operation In Petroleum Products

Myanmar

Location / capacity of refinery

Existing Refineries Refinery (Plan) Ron70 Diesel ATF Total

2010-2011 131.92 118.31 11.51 261.74

2011-2012 119.21 91.53 13.49 224.23

2012-2013 98.18 88.93 13.39 200.5

Operation rate

(2012-2013)- - - 41.7%

Domestic production result / Operation rate


② Low competitiveness of domestic products – present situation of Thanlyin Refinery

Specially, Myanmar’s No.1 refinery (Thanlyin) has structural problems

The present situation of Thanlyin Refinery

Facility

Limited production compared to its actual

capacity

Limitation of jetty / ship-to-ship

(offshore) transfer capacity Lack of desulfurization system

Deterioration of Coker unit / bitumen units

Limitation of tanks

Operation status

Limited production of domestic condensate

Insufficient LPG recovery

Evaporation loss

Source：Opportunities For Co-operation In Petroleum Products


③ Inefficiency of the distribution system – several small players

After privatization, basically private companies can conduct business freely except domestic product distribution

Thanlyin

refinery

(MPE)

Storage Wholesale / Retail Petroleum

products Production Importation

MPE（MPPE） ※Storage

within Thanlyin

MPPE gas

stations

State factories /

vehicles

Customer

Gasoline /

Petrol

(≒RON 70, RON87)

Private

Gas

Stations

Private vehicles

Octane-92

(RON92)

MPTA members

MPE（MPTA） (Storage within

Thanlyin)

Overseas

refineries

(e.g. Singapore) Private gas

stations

Private industries

(generator),

vehicles,

Diesel (including

Premium

Diesel) Private importers

(100+)

Private companies

(own storage)

State industries MPE MPE (MPPE) (Storage

within Thanlyin)

Private gas

stations Private vehicles

Buyer transfers on their

own rolls/ownership

Wholesale amount

is controlled

by MPPE

Overseas

refineries

(e.g. Singapore) MPPE Airport JET

MPE lease the

storage to MPPE

* Will change after

MPE JV project

Yetagon / Yadana

State-owned gas

stations CNG vehicles CNG

MPE MPE (MPPE) (Storage

within Thanlyin)

MPTA

members

MPPE

MPPE

Wholesale Retail company

SOE Private Company

Private companies Private

industries

Private company

should join MPTA

to procure oil

products from

abroad

MPTA rents storage from MPE

Overseas

refineries

(e.g. Singapore)


Name of the

Player Parent Company

No. of Gas

Stations No. of Storage Units

Sales Amount / month (in tons)

Ron 92 Ron 95 HSD Premium

Nilar Yoma KBZ Group of

Companies 31

• 2 tanks (300,000 gallons each),

• 2 barges for diesel , 1 barge for

Ron 92

23,000 30,000 8,700

Myawady

Trading

Myanmar Economic

Holdings Ltd 16

• 2 tanks, 1 tank under construction,

• 8 barges 11,000 20,000

Denko Eden Group co., Ltd 34 • 10 tanks (Planned),

• 9 barges 5,500 5,500 29,000 7,700

ST Oil Shwe Taung Group of

Companies 15 - 3,000 7,800

Max Energy Max Myanmar Group of

Companies 26

• 5 tanks under construction (45,000

metric tons in total),

• 5 barges

5,000 500 5,000 1,000

Green Luck Asia World Co. Ltd 20

• 10 tanks, 6 tanks under

construction,

• 5 barges

30,000 500 70,000 14,000

New Day New Day Energy

Corporation

17 + 3

(planned)

• 3 tanks planned (2 million each) ,

• 4 barges for Diesel 3,000 500 2800 2,000

Apex Gas & Oil Apex Gas & Oil Public

Company Limited

17 + at least

3 to expand

• 3 tanks, ( 2 1-million gallons tank,

1 3-million gallons tank) , 5 barges 21,000 - 3,000

Thuriya Energy Dagon Group of

Companies 3 - 2,500 1,600

③ Inefficiency of the distribution system – several small players

Big family-owned companies have smaller subsidiaries for oil product distribution. Each company conducts business separately.


③ Inefficiency of the distribution system – smuggling / illegal trade

As mobile Team has kept eyes on smuggling, illegal trading in Yangon and Mandalay mostly disappeared. However, illegal trade in border and sea areas still exist.

Current Situation

• By comparing the gap between actual consumption and

calculated consumption based on total registered cars in the

country, it is estimated that 60% must have been from the black

market, according to the mobile team director.

Active Areas

• Illegal imports are still active in border areas such as Rakhine

with Bangladesh and India, Mon state, Kayin State, Myeik

where ocean tank black market is prevalent and Tachileik (Shan

State) where China and Thailand illegal border trades are very

active due to weaknesses in border guarding.

Reason behind the prevalence

• The main selling point for illegal imports is the cheaper price

(400~700 kyats/gallons) than the market price since tax

avoidance allows a lower operation costs for illegal importers.

The main area where

smuggling products enter

central region of Myanmar

through sea way

Source）各種公開情報および現地調査結果よりNRI作成

Arrows show where fuel

product supplies flow into

border areas


5.9

0.80.4

1.7

8.8

0

2

4

6

8

10

実績値 NRI推計

輸入量 Thanlyin生産量 Mann/Chauk生産量差分 NRI

③ Inefficiency of the distribution system – smuggling / illegal trade

NRI estimates that around 20% of the oil products demand is supplied by illegally imported products. GoM lost roughly 300 million USD.

Oil market demand / supply in Myanmar （FY2013, NRI estimation）※ Only gasoline and diesel

Source）NRI forecast

（KB/D）

Statistics NRI

Estimation

Import Production

(Thanlyin)

Production

(Mann / Chaulk) Demand


Specification MPE set for import product

Source: MPE Thanlyin refinery

RON 92 Gasoline

Characteristics Specifications

Color (Visual) Red

Density at 15C,kg/l Report

Research Octane Number (Ron) min 92.0

Reid Vapor Pressure, psi max 10.0

Sulphur, % wt max 0.10

Lead Content, GIL max 0.020

Copper Strip Corrosion

(3hrs@500) max 1

Existant Gum, mg/100 ml max 4

Introduction period, minutes min 240

Nercaptarn Sulphur, ppm max 15

Benzene Content, % vol max 15

Bistillation, degree C

Initial Boiling Point Report

10% vol Evaporated max 74



Final Boiling Point Max 225

Residue, % vol max 2.0

Diesel

Characteristics Specifications

Colour 2.0 max

Density al 15deg, C, Kg/l 0.82-0.87

Distillation deg, C.90% Recovery 370 max

Cetane Index 48 min

Flash Point Deg, C 66 min

Sulphur, Mass % 0.5 max

Copper

Corrosion(3hrs@50deg,C) No.1 max

Ash,mass% 0.001 max

Viscosity at 40deg, C, cst 1.7-5.5

Pour Pant,deg, C 9 max

Conradson Carbon Resdue,

mass% 0.1 max

Water & Sediment, Vol % 0.05max

Sedimnet by extraction. % mass 0.01 max

③Inefficiency of the distribution system – poor quality product

MPE checks the quality of only imported products in Thanlyin. But on the distribution process, nobody knows how these products are treated until being sold.


Unsafe discharging operation

Source: MPE Thanlyin refinery

③Inefficiency of the distribution system – poor quality product

Unsafe and illegal operation are spreading all over the conutry.

Illegal retail shops

Copyright（C） 2014 Nomura Research Institute, Ltd. And JX Nippon Oil & Energy Corporation. All rights reserved. 13 Source：MPPE

Distribution amount of Gasoline

(KL）

④ Deficiency of government control / management

Keeping the illegal trade aside, MOE should try to figure out the present situation of oil industry.

10

3 93

98

11

3

11

3

11

3

11

2

10

9

11

0

12

4

12

9

0

20

40

60

80

100

120

140

160

180

200

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

20

18

20

19

20

20

? ? ?

Before privatization, MPPE

distributed all the oil products across

Myanmar, so MPPE understood the

distribution amount correctly.

After 2011, MPPE hasn’t collected

the information from each distributor.

As nobody has grasped the correct

present demand of oil products, it is

difficult to forecast the future.


④ Deficiency of government control / management – Demarcation between each SOE

MPE and MPPE have opened the bid of JV project with foreign co. MOE should take care not to make them compete wastefully

JV project by SOE in Myanmar

Refinery

Import

Storage

Transport

Wholesale

Retail

Thanlyin Refinery JV Project

For gasoline

JV Project for Gasoline

distribution（MPPE）

その他 For diesel

JV Project for Diesel

distribution（MPPE）

JET

JV Project for jet fuel distribution

（MPPE）

Bitumen Import/Wholes

ale （MOT）

Already bided Plan to bid

Unclear demarcation Between MPE and MPPE


(Reference)

To get good choices, MPPE should not make the participants qualification too severe.

Contents of MPPE new tender for gasoline / diesel distribution

Schedule

▪ ITT flow : Next May

▪ Proposal preparation : 2 – 3 month

Qualification

▪ The company should have experience import, wholesale and retail business at

least in 3 different countries.

Other condition (Plan)

▪ MPPE have intention to split its asset into 2 portions and call tender for 2 JV

companies for sense of risk reduction


(Reference)

No foreign company is allowed to enter this market yet Only JV with SOE is the way for them to participate

According to Myanmar Investment Commission Notification No.1/2013 published on 31st January, the new Foreign

Investment Law now permits foreign capital in all downstream VC activities.

FOREIGN

INVESTMENT

LAW:

Enacted on

2 Nov, 2012

Stipulations

announced on

31 Jan, 2013

Source) MIC Notification, Foreign Investment Rules 31/1/2013 (Unofficially translated by Myanmar Legal Service)

Stipulations of the new Foreign Investment Law (Unofficial translation)

Oil Refining

Importation Transportation,

store and marketing

To obtain the

approval of the Union

Government

To obtain and follow

the Ministry of

Energy’s terms and

conditions

Foreign investment is possible in all downstream VC activities (certain restrictions apply)

Re

str

ictio

ns

• 1-15. Petrol chemical plants

including manufacturing of

petroleum, various kinds of

petrol, fertilizers, waxes, and

varnishes

• 9-1. Importation and

marketing of petroleum and

petroleum based products

as raw materials

• 9-5. Transportation, store,

and marketing of oil,

natural gas and petroleum

products

No

tes

✓

✓

✓

3.1) Allowed with the relevant ministry‘s recommendations 3.3) Requiring environmental

impact assessments

• 9-4. Construction and

operation of petroleum

chemical plants

• Oil refineries that produce

or use substances such as

MTBE and TEL that can

damage the environment

and health is prohibited

Petrol chemical plants Petroleum chemical plants

To obtain the approval of the Union Government

To obtain and follow the Ministry of Energy’s

terms and conditions

• Depending upon the

business activity

• Allowed only after

conducting initial

study and assessment

upon environmental

and social impacts


Contents

①Present situation of Myanmar Oil Industry

②Myanmar Oil Industry in the future


24.9 36.3 43.5 46.8 49.9 53.3 56.8 60.7 64.8 69.2 74.0 79.1 84.6 90.5 96.8 103.6 111.0 118.9 127.5 136.7

146.6 157.3

168.9 181.4

194.9

26.9

31.3

44.4 46.5 49.4 52.5

55.7 59.2

62.9 66.9

71.1 75.6

80.3 85.4

90.8 96.6

102.7 109.2

116.2

123.6

131.5

139.9

148.8

158.4

168.5

0

50

100

150

200

250

300

350

400

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035

ジェット燃料重油軽油ガソリン

Oil products demand in the future

We estimate that the oil product demand will reach 200KB/D in around 2025, and could be over 350KB/D in 2035.

（KB/D） Oil product demand by product in Myanmar

Source）NRI analysis

（91.4）

（373.6）

（268.1）

（193.6）

（140.8）

（102.9）

JET Fuel Oil Diesel Gasoline


Oil product demand by area

Most of oil product demand concentrate in Yangon area in 2013. In next 20 years, the demand in the other will increase.

(Unit：KL/d)

2013年 FY2035 FY2013

Oil Product demand by area


2013年

(Unit：KL/d)

FY2035 FY2013

Gasoline demand by area

Except Yangon area, demand of gasoline will increase in the area around Mandalay

Gasoline demand by area


(Unit：KL/d)

FY2035 FY2013

Diesel demand by area

Diesel demand by area

Diesel demand continue to increase mainly in Yangon area


Why refinery is needed ?

Currently, the price difference between crude oil and oil products are around 15-25%. This difference will be 2.8 billion USD/year in Myanmar by 2035.

15.9% 19.7%

3.3%

12.9% 10.7%

23.8%

31.2%

20.5% 25.1% 24.9% 25.4%

15.2% 16.1%

33.6% 39.0%

29.1%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

-

0.50

1.00

1.50

2.00

2.50

3.00

3.50

2006 2007 2008 2009 2010 2011 2012 2013

Pric

e d

iffere

nce

b

etw

ee

n c

rud

e o

il an

d o

il pro

du

cts

Pric

e

（USD

/Ga

llon

）

Gasoline price/Crude oil price

Diesel price/Crude oil price

Cushing, OK WTI Spot Price FOB (Dollars per gallon)

New York Harbor Conventional Gasoline Regular Spot Price FOB (Dollars per Gallon)

New York Harbor Ultra-Low Sulfur No 2 Diesel Spot Price (Dollars per Gallon)

Source）http://www.eia.gov/dnav/pet/pet_pri_spt_s1_d.htm

Price trend of Crude oil and Oil products


Conditions for building the 200kbd refinery

Generally, the capacity of oil refinery should be over 200 kb/d to compete with international products. The conditions are like below.

Item Condition

Port facility In the point of Single Point Mooring (SPM), the depth of water should

be more than 27m, as VLCC draws 23m of water

Land area At least 400-450ha（4km2~4.5km2）

Ground strength Ground improvement is necessary as needed

Electricity capacity 100-140MW * Necessary capacity vary depending on the

petrochemical unit

Water 60 - 70 thousands TP/D (60ML/D~70ML/D)

Number of staff ~2000

Construction period 10 years

•FS & DFS(2 years)

•Licenser selection/ Feed(1.5 year)

•Basic design (1 year), EPC tender(1 year)

•EPC contract ~ Operation(4~5 years)

Project cost 4 - 5 billion USD * Depending on the configuration and other conditions

Requirements for building a 200kb/d refinery



（Reference） VLCC (Very Large Crude Oil Carrier)

Size of VLCC

① Overall length : 333m

② Width : 60m

③ Height : 29m (Draft at high tide : 20m)

①333m

③29m

②60m

③20m



The potential of fossil fuels is restrictive. Myanmar should import more crude oil from abroad.

Through gas exportation, Myanmar has acquired foreign currencies, thus most of the

natural gas produced in Myanmar has been consumed abroad.

Energy resources potential in Myanmar

Source : MOE, JEPIC

Resource Reserve

Hydro > 100 GW(Estimated)

Crude Oil Onshore 102 MMbbl (Proved reserve)

Offshore 43 MMbbl (Proved reserve)

Natural Gas Onshore 5.6 Tcf (Proved reserve)

Offshore 11 Tcf (Proved reserve)

Coal 540 million tons(Estimated)

Wind 365 TWh / year

Solar 52,000 TWh / year

Export

100kbd

Refinery *

4years


Potential site for the next competitive refinery

There would be 4 potential site for the competitive refinery. As each of them has Pros & Cons, MOE should conduct feasibility study and figure out which one will be the best for this industry.

Area Pros Cons

A.

Kyaukphyu

• Deep sea port was

already set up by Chinese

Government

• Can avoid the damage

from monsoon

• There is no logistic route

toward two main demand

city (Yangon and

Mandalay)

B.

Man

• Close to Mandalay area

• Can distribute products

through existing logistics

routes

• Shoud hold the risk in

terms of energy security

because it has to depend

on the pipeline owned by

China.

C.

South area of

Mon state

• Close to Yangon area

which has largest oil

demand

• No suitable land found in

this moment

• Ethic conflict

D.

Dawei

• Suitable land is already

prepared

• No need to conduct

persuasion to

neighborhood

• Far from the main

demand areas

（単位：KL/d)

A. Kyaukphyu

D. Dawei

C. South area of Mon

（Karego、Ye…etc）

B.Man

Thanlyin



Suppose that Thanbyuzayat or Ye could be the best place for the new refinery.

Boundary line

(Depth of water > 30m)

Dawei

Ye

Mawlamyine

Source）http://mdnautical.com/i-bay-of-bengal/6906-british-admiralty-

nautical-chart-826-yangon-rangoon-river-to-heinze-islands.html

Ye

Mawlamyine

Thanbyuzayat

Potential place Distance

from Yangon Connection to the existing

railway

Thanbyuzayat 380km 20 km line expansion should be

constructed from Thanbyuzayat station

Ye 500km 10 km line expansion should be

constructed from Ye station

Dawei SEZ 683km 25 km line expansion should be

constructed from Dawei station


Condition for building the 200kbd refinery

（Reference） Potential site for 200kb/d refinery in Thanbyuzayat.

Existing railway

Expansion line

for transportation

2 k

m

2 km

Potential site for

200kb/d refinery



Large scale distribution infrastructure is necessary for 200kb/d size refinery.

Product BP/D

( Barrel per

day)

KKL Sea transport Railway Lorry Pipeline

vessels

（20m * 6m * 2m） Tanker (6000kl) Lorries Trains 12KL/unit

Crude 200,000 33 109.1 5.5 596 29.8 2,728 -

LPG 12,000 2 6.5 0.3 36 1.8 164 -

Gasoline 83,200 14 45.4 2.3 248 12.4 1,135 -

Jet fuel 14,200 3 7.7 0.4 43 2.2 194 -

Diesel 61,000 10 33.3 1.7 182 9.1 832 -

Fuel oil 20,500 4 11.2 0.6 62 3.1 280 -

Propylene 2,040 1 1.1 0.1 7 0.4 28 -

Sulfur 321 1 0.2 0.0 1 0.1 4 -

Refinery Fuel 8,500

Total （Unit / day） 105.4 5.3 － 29.0 2,636 -

Transportation capacity (Assumption : transport all products from refinery by single transportation type)



To satisfy the large demand in 2035 (over 350kb/d), GOM should build “ Modal Mix “ while considering other industries

Refinery ~ Yangon

⇒Distribute by vessels

Lorries

Railway + Lorries

Water transportation +＋Lorries ●←Refinery /

/ Import terminal



The transportation method and quantity of oil product in around 2035. (Assumption : the total oil product demand is 400 kb/d)

For Dawei area (by 6000KL tanker)

For gasoline：0.1 tanker /d

For diesel：0.1 tanker/d

For Yangon area (by 6000KL tanker)

For gasoline：2.6 tankers/d


For Sittwe(by 6000KL tanker)

For gasoline：0.02 tanker/d


To Mandalay area (by trains)

For gasoline ： 11.9 trains / d (20 cars set)

For diesel ： 11.2 trains/d (20 cars set)

To Mon area (by lorries)

For gasoline ： 108 lorries/d

For diesel： 111 lorries/d

80

75

70

75

80

85

Mandalay

97

106

90

95

100

105

110

Yangon 0.8 0.8

0

0.5

1

Mon

0.1

0.5

0

0.2

0.4

0.6

Rakhine

0.4

0.5

0

0.2

0.4

0.6

Tanintharyi

Gasoline

Diesel

Unit : kb/d



In Mandalay area, new oil terminal and short circuit line should be constructed

Oil terminal


Refinery development schedule

It takes roughly 10 years for developing 200kb/d oil refinery.

General step for refinery development

Year 7～10

Year 1 Year 6 Year 5 Year 4 Year 3 Year 2

• EPC • EPC tender

- Tender for

selecting EPC

contractor

- Making

contract with it

• FEED

- Basic design

by potential

contractor

• Design by

Licenser

- Basic design

• Licenser

Selection

- Licenser for

making the

refinery layout

…etc

• Deep

Feasibility

Study

- Feasibility

study on the

specific site

and condition

• Feasibility

Study

- Site selection

Preparation for EPC EPC


Refinery development schedule

The suitable schedule for new refinery construction could be like below.

(Reference) Demand in 2035 : 350kb/d

Development schedule for 200kb/d refinery and required infrastructure

Step1 Basic infrastructure

Development (Demand : 100kb/d)

Step3 Refinery completion and Operation start

(Demand : 200kb/d)

FY2015

Step2 Infrastructure

Expansion (Demand : 140kb/d)

FY2020

FY2025~

•Refinery operation start

•Expansion of distribution

infrastructure according to

the demand increase

•Expansion plan for refinery

•Feasibility study for

refinery construction

•Site selection for

large oil terminal

•Distribution infrastructure

development

•Terminal Expansion to

manage 200kb/d oil

products

•Completion of distribution

infrastructure

•Refinery construction start


Summary

MOE should develop oil industry master plan by integrating all the points at issue from short and long point of view

The points at issue and directionality

GOM should build a new 200kb/d refinery and import terminal during 2025-2030 at southeast of Myanmar (example Thanbyuzayat)

At the same time, GOM should develop an efficient domestic product distribution infrastructure regarding that site as the start-up point.

For realizing this idea, it should develop oil industry master plan at the earliest preferably in 2015.

• Total oil products demand reach 200 kb/d in around 2025, and over 350kb/d in 2035.

• Without refineries, Myanmar will lose up to 2.8 billion USD in that moment.

• From the planning to the refinery operation, it will take about 10 years.

Development of new large scale refinery

• Generally, the capacity of oil refinery should be over 200 kb/d to compete the international

products. For building it, deep sea port with 27m sea depth is necessary.

• The Southeast area like Thanbyuzayat is a potential site for it.

Few potential sites for large scale

refinery

• To transport the large amount of oil products from refinery and with many topography

limitations in Myanmar, GOM should consider “ Modal Mix” by combining the several

transportations like railways, water transportation and etc..

Distribution infrastructure


Next step

We are pleased to provide any support your making the systematic law and regulation to realize the competitive oil industry with energy security

Table of contents (Image)

1. Key development direction

2. Specific target

3. Development plan of each value chain business

Oil refinery development plan

Effective distribution system

Modern retail business

Oil stock strategy

4. Total investment

5. Action plan

Short – term

Middle – term

Long – term

What to do?

Present condition analysis To collect the existing data and information through

related Ministries and private companies To make basic database which is supposed to be

updated once a year To analyze the present situations and pick up the

problems and challenges to be solved through the database and information

Setting up future target and proper methodology To conduct study on the policies and regulations of

other countries as a benchmark To gather up suitable target and solutions Conclude the analysis To put solutions into a financial / action plan

Japanese Government can provide

The long term experiences and knowledge as a regulator

Assistance of writing down the concrete laws and regulations


Documents

Oil Industry in Myanmar Challenges to · PDF fileOil Industry in Myanmar ～ Challenges to overcome ... Insufficient LPG recovery ... C.90% Recovery 370 max Index 48 min Deg,