(TH)
Myanmar is interested in a long-term contract to meet its 15,000 tonnes a month ATF requirement. A team from the joint venture will visit the IOC facilities in India soon to discuss the long-term business prospects.
Meanwhile, the Myanmar government approved a proposal from IOC to open office in Yangon. The oil major is also exploring the possibility of getting comprehensive licence for end-to-end LPG distribution in Myanmar. A company delegation visited prospective partners in Yangon in October.
Parami Energy Group of Myanmar, which is already pursuing a joint venture with Numaligarh Refinery (NRL) for sourcing petroleum products through the More-Tamu land border, has expressed interest in participating with IOC in LPG distribution. Parami was recently awarded the LPG import and distribution licence. In a recent interview to BusinessLine in Yangon, the company chairman and CEO, Ken Tun, said, he was negotiating with IOC and Shell for sourcing LPG.
