fbpx

Titan Petrochemicals getting into Myanmar

The group said in a press release that its Surplus Full unit would be forming a 49-51 joint venture with a paid up capital of RMB10m ($1.5m) with Yunnan Investment Group to promote a 5m tonne oil refinery project in Myanmar as well as develop other business in the energy, tourism, railway and finance industries.

Titan said it is trying to diversify from its core business of ship and oil and gas industry construction and repair and upstream and downstream oil and gas business and trading of petrochemicals and broaden its income sources. The joint venture would enhance its downtream oil business, Titan added.

Yunnan Investment Group is the investment vehicle and financing platform of Yunnan Provincial Government, and is involved in industries as diverse as energy, railways, finance, information, tourism, agriculture, forestry and health care.

Source: Seatrade-maritime

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

Looking for foreign investors to invest in your business in Myanmar