Energy's objective

Petroleum sector was nationalized in 1963 and a state-owned corporation was organized as the name of “Petroleum Corporation” in 1964 and was changed as “Burma Petroleum Corporation in 1970.” After that, it was reorganized separately to two branches as Petrochemical Industries Corporation and Petroleum Products Corporation in 1975. Again, from 1989, Petrochemical Industries Corporation was changed to the name of Myanma Petrochemical Enterprise up to now.

According to the Economic Policy, MPE is willing to enhance the production capacity of petroleum and petrochemical products using crude oil and natural gas as feed stock, from onshore and offshore block in the environmentally-friendly production in line with energy saving technologies.