The State Administration Council (SAC) has formed a steering committee for import, storage and distribution of fuel oil by making purchases from Russia.

Formed with a notification (No.127/2022), the committee is tasked with importing fuel oil from Russian, storing and distributing it in accord with the State policies and economic policies and procedures depending on the national needs. To do the process, needs to cooperate with relevant government departments and private organizations, seek a monthly necessary amount of foreign currency from the State, supervise measures to ensure oil tanker arrive in time, and check quality and quantity and distribute fuel oil to the Tatmadaw (military), ministries and organizations. The steering committee also needs to make sure that importer companies meet the requirements issued by the Supervisory Committee on Import, Storage and Distribution of Fuel Oil formed by the Ministry of Commerce. The steering committee is to take responsibility for fulfilling other needs in addition to fuel oil and petrochemical products in line with the instructions of the SAC.      

The steering committee is formed with Lt-Gen Nyo Saw as chairman, the deputy minister for energy, the permanent of secretary of the Ministry of Commerce, Star High Co Ltd CEO U Hla Win, Brighter Energy director U Hsan Naung, Best Oil Co Ltd chairman U Win Swe, director U Tin Ye Win of the Ministry of Commerce and Yetagon Energy Trading Co Ltd CEO U Maung Maung Naing as members, the director general of the Petroleum Products Regulatory Department as secretary and the general manager of Marketing & Research Department of Myanmar Economic Corporation as joint secretary.