In Myanmar, Myanmar Petroleum Products Enterprise (MPPE) which comes under Myanmar’s Ministry of Energy is the company responsible for storage as well as distribution of petroleum products. Recently MPPE has floated a tender through which it is looking for partners to form joint venture. The joint venture partners will be expected to import, store, distribute and sell oil products in Myanmar in collaboration with MPPE. Through this exercise Myanmar hopes to improve upon the level of service provided to the customers. In the joint venture, MPPE will hold the majority 51 percent of equity while the chosen partner will have the rest. The maximum time period of the joint venture will be 30 years but it may be further extended for a 10 year period twice.