(LiveMint)
India on Monday started exporting petroleum products to Myanmar by road, discovering a new market for its fast- growing oil refining sector at a time when renewable energy and electric mobility are laying claim to a higher share of the domestic energy market.
“The first consignment of 30 tonnes of high speed diesel was sent today from India to Myanmar by land route,” said an oil ministry statement, adding that Numaligarh Refinery Ltd. exported the fuel. Numaligarh Refinery despatched the first diesel consignment across the Moreh Custom Check Point on the Indian side and Tamu Custom Check Point on the Myanmar side, added the statement. The Indian state-owned refinery is already supplying diesel to Bangladesh.
Numaligarh Refinery, situated 420 km from the India-Myanmar border, has tied up with Myanmar’s Parami Energy Group of Companies for the supply of diesel. Myanmar has opened up a new market for India’s export of petroleum products, which at $12 billion in 2016-17, had grown 12.61% from a year ago.
