Numaligarh Refinery Limited (NRL), a Government of India Enterprise, operating a 3 million metric tonnes per annum (60,000 bpd) petroleum refinery is looking for interested parties in Myanmar to import NRL diesel at Tamu, Myanmar and establish a market for its products in the Sagaing region. -Source of supply: Numaligarh Refinery in Assam, India -Distance […]
New Myanmar oil pipeline bolsters China’s energy security
The opening of an oil pipeline through Myanmar is a big step forward for China’s energy security, reducing the major importer’s reliance on shipments through waters where the U.S. exerts strong influence. Chinese President Xi Jinping and Htin Kyaw, his counterpart from Myanmar, agreed Monday to activate an oil pipeline stretching roughly 770km from Kyaukpyu, […]
Metro Group and Yoma Strategic Holdings sign joint venture agreement for wholesale distribution in Myanmar
Metro Group Wholesale & Food Specialist Company announces its joint venture partnership with the Singapore-listed Myanmar-focused Yoma Strategic Holdings Ltd. to develop a one stop food distribution platform in Myanmar. According to the agreement, METRO will take an 85% stake in the newly established joint venture called METRO Wholesale Myanmar Ltd., with the remaining 15% […]
Myanmar CMP system apparel exports rise 83.7%
As of middle of December 2016, exports from Myanmar garments firms employing the cutting, making and packaging (CMP) system soared to $1.157 billion, up 83.7 per cent as against $629.709 million in the same period of the prior fiscal. Exports to Japan, the largest apparel importer from Myanmar accounted for 33 per cent of all […]