Myanmar

Recently, PetroChina International Singapore Company opened its first SPC gas station in Myanmar, marking the official entry of PetroChina into the Myanmar refined oil retail market. This is also the first foreign brand gas station to settle in Myanmar.

    According to Myanmar's relevant investment policies, foreign-invested companies cannot operate gas stations in the local area alone. This gas station is a joint venture between Singapore Petroleum Company Limited (SPC), a subsidiary of International Business Singapore Company, and Myanmar Jinshan Energy Co., Ltd. The oil products are provided by the former. The gas station occupies an area of 750 square meters and is located in the prosperous area of downtown Yangon. According to the standardization, customization and visualization requirements of PetroChina, it has completed the transformation on the basis of the original station, replaced it with the SPC brand, and introduced PetroChina’s safety and operational aspects. Mature concepts and practices. The strong brand effect combined with high-quality oil products and services have allowed gas stations to quickly win the favor of local customers. Since their opening, the sales of oil products have increased day by day. The current average daily sales volume has increased by 58% compared with before the renovation, which has reached the feasibility study forecast ahead of schedule. Sales.

    In recent years, China National Petroleum Corporation has continuously made breakthroughs in the Myanmar market, and its sales of refined oil products to Myanmar have remained at more than 1 million tons per year. In September 2018, the international business company's joint venture oil depot in Yangon was put into operation. In April 2018, the first batch of refined oil was exported to Myanmar, opening up the southwestern land export channel of China Petroleum refined oil; in October, the land-based export of refined oil to Myanmar exceeded 10,000 tons, and the export of China’s petroleum refined oil from land to northern Myanmar was realized. Normalization and scale.

    Next, PetroChina International Business Singapore Company stated that it will actively implement the "market development" project in accordance with the strategic deployment of the international business company, develop a gas station network in Myanmar through various forms, consolidate the retail infrastructure, and consolidate and expand its market share in Myanmar. Following the opening of the first SPC gas station in Yangon, SPC gas stations in Sagaing, Mandalay and Naypyidaw will also be unveiled in the near future.