Asian expansion group DKSH is set to capitalise on an expanding lubes market in Myanmar.
Following the lifting of sanctions by the EU and US, the country began an over-age car import substitution plan in late 2012. With the likelihood of a significant increase in demand for vehicles and motor bikes - and therefore greater demand for engine oils and lubricants - DKSH Business Unit Consumer Goods is set to make the most of the legal relaxation.
A new partnership, between the Asian importer and Shell Lubricants, will support the oil giant's entry into Myanmar's B2C channels and is an extension of a relationship between the two organisations that began in other parts of Asia in 2010.
Meanwhile, April also sees 20 offshore oil and gas exploration blocks being offered for auction in the country - formerly known as Burma. It is hoped the revenue will help overcome its current energy deficit - a legacy of gas export deals made by the country's former military rulers.