Oil Reserve: Gangaw District Stores Palm Oil For The State Oil Reserve

Gangaw District of Magway Region has stored 54.39 tons of palm oil for the state oil reserve, according to the Department of Consumer Affairs.

The oil reserve scheme is for emergency case during the coronavirus pandemic. The state is buying 12,000 tonnes of oil in cooperation with the relevant departments, oil millers and traders. In order to ensure the self-sufficiency during the COVID-19 pandemic, the government planned to spend 38 billion Kyats to purchase 50,000 tonnes of rice and 12,000 tonnes of palm oil, according to the Ministry of Commerce.