This story is from July 4, 2015

NRL plans to boost trade relations with Myanmar

NRL plans to boost trade relations with Myanmar
Guwahati: The Numaligarh Refinery Limited (NRL) in Assam’s Golaghat district is eyeing the Myanmar market for a thriving trade and is exploring options for exporting products in the neighbouring country.
NRL MD Padmanabhan on Friday said he was in Myanmar 10 days ago and the country had undertaken a lot of reforms and the atmosphere was conducive for business. “There are now a number of private players in Myanmar who are into petrol and diesel business.
We are now working on the economics. We will send a small quantity of petrol or diesel as a trial consignment to Myanmar in a month,” Padmanabhan added.
Prior to the reforms, Padmanabhan said, the attempt to export oil products to Myanmar did not materialize. “Earlier, the problem was we couldn’t pay in dollar. Now, things have changed in Myanmar and doing business there will be a lot more easy,” he added. The MD has also said there are potentialities for NRL to export fuel to north and central Myanmar. “The distance between NRL and Moreh (Manipur’s border town with Myanmar) is about 450 km. We can cover this distance through oil pipeline for exporting our products to the neighbouring country,” Padmanabhan added.
The NRL, which was established in 1993 as one of the commitments in the Assam Accord of 1985, has also planned for its capacity expansion from its present 3 million metric ton per annum (MMTPA) to 9 MMTPA with an investment of Rs 20,000 crore.
Of the total investment, Rs 11,000 will be for the expansion of refinery and Rs 9,000 for pipelines.
“Last month, NRL board has cleared the expansion plan and now we will seek clearance from the Bharat Petroleum Corporation Limited (BPCL). Then, we will go for clearance from the ministry of petroleum and natural gas,” Padmanabhan said. BPCL has 61.65% share in NRL. “Money is not a problem in NRL’s expansion project. Our parent company (BPCL) is supporting us in this initiative,” Padmanabhan added.
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