A state-owned oil refinery in Assam, Numaligarh Refinery Limited (NRL) plans to set up retail outlets in Myanmar to expand its reach.
NRL To Set Up Retail Outlets In Myanmar
In this regard, NRL Chairman and Managing Director Bhaskar Jyoti Phukan said, ”The company had selected a partner to work jointly in Myanmar but was waiting for a conducive situation as the country has been in turmoil since the military junta seized power in February 2021. The company aims to tap the region’s high potential and unserviced area, where around 40 lakh people are living.”
”The area close to Moreah on the Indian side is the Sagaing region of Myanmar, which is under service and with the Asian highway coming up, there is great potential in the region. However, the cost of transportation from Numaligarh to Myanmar is currently high,” Bhaskar Jyoti Phukan said further.
It is mentioned Numaligarh Refinery Limited was set up at Numaligarh in Golaghat district in accordance with the provisions made in Assam Accord signed on August 15, 1985. The NRL has been working in Bangladesh and now plans to expand its reach to Myanmar.