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IOC to enter fuel marketing, retail business in Myanmar

06 Sep 2016 Evaluate

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.

Moreover, as part of its overseas expansion, the company is set to come up with its first international product pipeline to Nepal.

Last year, Myanma Petroleum Products Enterprise had invited private companies to form a joint venture for importing, storage, distribution and sale of all petroleum products.

Peers
Company Name CMP
Reliance Industries 1172.95
Indian Oil Corpn. 132.10
Bharat PetroleumCorp 301.15
HPCL 347.95
MRPL 165.25
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