Joint venture between Kanbawza Group and PTT Public Company to develop an oil terminal and expand retail business
Allen & Gledhill advised PTT Oil and Retail Business Public Co Ltd (“PTTOR”), subsidiary of PTT Public Company, as Myanmar counsel, on its joint venture agreement with Brighter Energy Co., Ltd. and Brighter Energy Retail Co., Ltd., both subsidiaries of Kanbawza Group, for the development of oil terminal and expansion of retail business, where the total investment is expected to be over US$200 million.
The development of the oil terminal will include the procurement of petroleum products, management of jetty, oil storage terminal, liquefied petroleum gas filling plants and wholesale business of petroleum products located in the Thilawa area of southern Yangon.
Advising PTTOR were Managing Director Minn Naing Oo and Director Oh Hsiu-Hau from the Myanmar office of Allen & Gledhill.
