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IOC eyes petroleum retailing in Myanmar

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

IOCL

IndianOilCorporation(IOC)hassubmitteditsbidtoenterfuelmarketingandretailbusinessinMyanmar.  Thestate-runfirmcurrentlyhasmarketingsubsidiariesinSriLanka,MauritiusandWestAsia.IOC,aspartofitsoverseasexpansion,issettocomeupwithitsfirstinternationalproductpipelinetoNepal.  “WehavesubmittedabidtostartretailoutletsandalsotosetupLPGplantsinMyanmar,”saidAnishAggarwal,director(pipelines)ofIOC,onthesidelinesofasummitorganisedbyProjectManagementInstitute.  Lastyear, ...