You are here: Home » Companies
Business Standard

IOC eyes petroleum retailing in Myanmar

State-run firm currently has marketing subsidiaries in Sri Lanka, Mauritius and West Asia

Shine Jacob  |  New Delhi 

This is article Banner

Indian Oil Corporation (IOC) has submitted its bid to enter fuel marketing and retail business in Myanmar. The state-run firm currently has marketing subsidiaries in Sri Lanka, Mauritius and West Asia.

IOC, as part of its overseas expansion, is set to come up with its first international product pipeline to Nepal. “We have submitted a bid to start retail outlets and also to set up LPG plants in Myanmar,” said Anish Aggarwal, director (pipelines) of IOC, on the sidelines of a summit organised by Project Management Institute. Last year, Myanma Petroleum Products ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, September 03 2016. 00:09 IST