Efforts should be made to expand the refinery’s capacity while simultaneously enhancing its long-term operational sustainability, economic viability and product quality.
President of
the Republic of the Union of Myanmar U Min Aung Hlaing delivered a speech in
honour of commissioning Thanlyin Oil Refinery (Phase I) under the Ministry of
Electricity and Energy in Thanlyin yesterday morning.
At the
opening ceremony, the President viewed the scale model of the refinery,
documentary photos of the previous refinery, and inspection tours of the Head
of State displayed at the main control room.
The President
pressed the button to supply raw materials for launching the refinery and
inspected the main control room.
The Union
Minister for Electricity and Energy reported to the President on the production
process of fuel oils.
Speaking on
the occasion, the President underlined that when constructing and operating a
new oil refinery today, it is necessary to systematically manage not only the
construction of the refinery itself but also the adequate supply of raw
materials, production capacity, product quality, and economic profitability
simultaneously.
With regard
to energy projects, the President stressed the need to take a balanced approach
to enhancing production capacity, ensuring cost-effectiveness and efficiency,
developing technology and human resources, maintaining workplace safety, and
protecting the environment.
The President
urged the officials to continuously monitor and assess refinery operations,
production capacity, equipment maintenance, energy consumption and product
quality, and to promptly identify the causes of any gaps between the set
targets and actual results and take corrective measures accordingly.
In
implementing the second phase of the project, the President guided officials
to look beyond refinery construction alone to ensure the production of the
targeted high-grade fuels and petrochemical products. Once all phases of the
project are completed and the refinery becomes operational, the project’s
viability and benefits must be carefully assessed based on its actual
production capacity, product range, domestic market demand and raw material
availability.
The President
noted that efforts should also be made simultaneously to enhance its long-term
operational sustainability, economic viability and product quality along with
increasing the refinery’s capacity. Priority should be given to ensuring the
efficient utilization of available crude oil and the continuous supply of
necessary raw materials.
He emphasized
the timely and efficient distribution of products while efforts are being made
to control costs. Increasing domestic fuel production is not intended solely to
substitute for imports, but also to reduce foreign currency expenditure,
supply the energy required by domestic manufacturing sectors, and generate
sustainable long-term economic benefits for the State. To achieve these
objectives, costs must be comprehensively reviewed and effectively managed at
every stage of the process, from raw material procurement to oil refining,
storage and distribution.
Furthermore,
the President pointed out that the long-term success of a modern oil refinery
depends not only on modern equipment and technology but also on the availability
of local experts and skilled technicians who can use these technologies
effectively, urging the Ministry of Electricity and Energy to prioritize human
resource development.
The Union
Minister for Electricity and Energy reported on the implementation of Phase I
of the refinery and plans.
The President
and State dignitaries watched a documentary video clip on the implementation of
Phase I of the refinery.
After the
ceremony, the President gave necessary guidance on the implementation of the
second phase of the refinery to the Union minister.
The President
and State dignitaries observed the historical exhibits and equipment on
Myanmar’s oil and natural gas production displayed at the Energy Museum, which
was opened to mark the centenary of the Thanlyin Oil Refinery.
MNA/TTA
#TheGlobalNewLightOfMyanmar
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