BUSINESS – MPE invites foreign bidders for refinery

State-owned Myanmar Petrochemical Enterprise (MPE) is inviting tender bids for foreign companies to enter into a joint-venture for the production of Liquid Petroleum Gas (LPG) at a refinery in Nyaungdon in the Irrawaddy delta, a move the government says will help tackle the growing demand for natural gas in the country. Currently, there are three LPG refineries in Burma: one in Magwe division’s Minbu, run by Japan’s Mitsubishi Corp; and two Chinese-backed refineries in Nyaungdon and Magwe’s Kyunchaung.