Trafigura’s Puma Energy agrees to sell Myanmar business

GENEVA, Oct 5 (Reuters) – Puma Energy, Trafigura’s midstream and retail arm, has agreed to sell its Myanmar operations to a local private company, Puma said in a statement on Wednesday.

“Puma Energy has signed an agreement to sell its stake in Puma Energy Asia Sun (PEAS) and a minority stake in National Energy Puma Aerospace Services (NEPAS) to a local private company,” the statement said.

Puma’s interests in Myanmar include Thilawa, the country’s largest fuel import terminal, and aviation fuel supplies.

Following a military coup in February 2021, Puma initially suspended operations in Myanmar but has since resumed distribution for civilian purposes.

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Julia Payne Reporting by Mark Porter Editing

Our Standard: The Thomson Reuters Trust Principles.

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