{"id":62138,"date":"2016-04-01T11:33:37","date_gmt":"2016-04-01T11:33:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=62138"},"modified":"2016-04-01T11:33:37","modified_gmt":"2016-04-01T11:33:37","slug":"indian-oil-corp-bids-for-fuel-trade-with-myanmar","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-corp-bids-for-fuel-trade-with-myanmar\/","title":{"rendered":"Indian Oil Corp bids for fuel trade with Myanmar"},"content":{"rendered":"<p>Indian state-run company Indian Oil Corp (IOC) has bid for fuel trade with Myanmar, the media reported on Friday.<\/p>\n<p>Myanmar Petroleum Products Enterprise (MPPE) offered the tender to cooperate as a joint venture (JV) for import, storage, distribution and sale of all petroleum products except liquefied petroleum gas and liquefied natural gas. IOC has bid by 1.64% for that tender.<\/p>\n<p>The JV will last for the maximum 30 years with two extensions for 10-year periods. MPPE will hold 51% of equity while the foreign company will hold 49%, Xinhua reported.<\/p>\n<p>In 2010, MPPE was privatised and left its fuel distribution business.<\/p>\n<p>It transferred the 216 filling stations across the country to private companies, except for 12 vends supplying fuel to state departments.<\/p>\n<p>At present, MPPE is keen to expand the businesses in cooperation with foreign companies.<\/p>\n<p>Meanwhile, around 70 private companies have been operating 1,163 petrol stations across the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian state-run company Indian Oil Corp (IOC) has bid for fuel trade with Myanmar, the media reported on Friday. Myanmar Petroleum Products Enterprise (MPPE) offered the tender to cooperate as a joint venture (JV) for import, storage, distribution and sale of all petroleum products except liquefied petroleum gas and liquefied natural gas. IOC has bid by 1.64% for that tender. The JV will last for the maximum 30 years with two extensions for 10-year periods. MPPE will hold 51% of equity while the foreign company will hold 49%, Xinhua reported. In 2010, MPPE was privatised and left its fuel distribution [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-62138","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/62138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=62138"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/62138\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=62138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=62138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=62138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}