Myanmar sanctions reducing imports of gasoline and other oil products

19 March 2021
Myanmar sanctions reducing imports of gasoline and other oil products
An outside view of oil storage tanks inside the Puma Energy Asia Sun petroleum products terminal in Thilawa port, Yangon, Myanmar. Photo: EPA

Unrest and sanctions are reducing Myanmar’s imports of gasoline and other oil products, energy analysts FGE and Vortexa said on Thursday, according to a Reuters report.

“The widespread unrest has severely impacted businesses in the country, including oil terminal operators,” energy consulting firm FGE said.

Loadings of oil products bound to Myanmar have fallen to about 180,000 tonnes for the second half of March, according to oil analytics and ship tracking firm Vortexa, compared to nearly 600,000 tonnes for all of January.