NRL enters Myanmar wax market

Numaligarh Refinery Limited
(NRL) has entered the Myanmar market by exporting wax, following the visit of Union Petroleum Dharmendra Pradhan to the neighbouring country.
A total order of 720 MT of Wax has been received from Myanmar, out of which the first consignment of 100 MT of Fully Refined Paraffin Wax was dispatched from NRL's Marketing Terminal at Numaligarh on Saturday last, a NRL release said.
The Minister had headed a delegation of senior NRL officials to Myanmar the February to explore business opportunities there.
NRL has so far exported 2,264 MT of Wax to 11 countries like Mexico, Kenya, Nepal, Bangladesh, Nicaragua, Thailand, Hong Kong(China), Brazil, Indonesia , Dominican Republic and Myanmar.

NRL has also received an order for 100 MT of Wax from the Central American nation of Guatemala, which will be dispatched in a day or two, the release said.
NRL is the first Indian oil company to have penetrated the Myanmar Wax market where China enjoyed a monopoly so far.