Despite the legislation and reforms, the Myanmar oil and gas industry continues to face a number of internal challenges. The challenges include rights at work, respect for the fundamental principles, promoting occupational health and safety standards, accessing oil and gas reserves situated in remote areas, and shortage of skilled workforce. Arguably, Myanmar oil and gas companies have continued to embrace technology and partnerships with foreign investors in an effort to navigate through these challenges. Elite Petrochemical, one of the members of Ayer ShweWah Group of companies encompasses one of the firms that has continued to grow its brand within Myanmar state.
Elite Petrochemical has the largest inventory warehouse, world-class safety standard practice, and prompt delivery system. The comhttps://www.elitepetrochemical.com.mm/oil-gas-engineering/pany continuously delivers the best Myanmar oil and gas products and services to its customers that align with its mission statement of providing products that support a high quality of life and economic growth of this nation. In 2018, Elite Petrochemical launched its port facility and LPG at Thilawa Special Economic Zone. The terminal became the first private sector-led LPG investment in Myanmar. The company decided to develop the terminal under the Build, Operate and Transfer across an area of 49 acres in Thilawa. Phase 1 project includes a storage facility up to 3,000 tonnes of LPG and a 20,000-tonne jetty. The plant which is now complete is best in technologically. It is also designed environmentally, with quality and safety international standard compliance.
The Myanmar oil and gas products produced by Elite serve the growing business sectors such as automotive, laboratory, food and beverage, oil and gas operation, medical, fabrication, construction, and steel that needs a consistent supply of industrial gas products. Apart from the industrial has products, Elite Petrochemical provides safety and technical engineering and training services to its clients to boost the Myanmar market outlook to attract more international investments.