Lanka IOC, with a view to exporting lube products from Sri Lanka, has retained the services of MTI Consulting to carry out a study of the fast emerging Myanmar and Indonesian markets.
Speaking at the signing of the agreement, Subodh Dakwale, MD of Lanka IOC commented "One of our strategic pursuits is develop exports from Sri Lanka, given our international capabilities in the lube business. Lanka IOC is currently exporting lubricants to neighbouring countries like Maldives and Nepal.
"We see emerging markets in the Mekong Valley and South East Asia as prime prospects."
MTI Consulting has worked on assignments across emerging markets in Asian, Middle East and African regions, which includes projects carried for multi-national and regional companies in Algeria, Bangladesh, Cambodia, Egypt, Indonesia, Jordon, Iran, Iraq, Lebanon, Myanmar, Nigeria, Pakistan, Philippines and Syria
Lanka IOC PLC is a public listed company in the Colombo Stock Exchange with a turnover of Rs. 60.4 billion for the year 2011-12.