December 03, 2020

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JX Nippon Oil taps two lubricant distributors in Myanmar

JX Nippon Oil taps two lubricant distributors in Myanmar
Photo courtesy of ENEOS.

JX Nippon Oil, Japan’s largest oil refiner and marketer, has signed agreements with two Myanmar firms to distribute its ENEOS-branded lubricant products in Myanmar. Myanma Golden Star subsidiary MGS Lubricant will be responsible for distribution in lower Myanmar; Rainbow Bridge Distribution will be responsible for distribution in upper Myanmar.

U Thein Tun, chairman of Myanma Golden Star, is also the chairman of Myanmar Consolidated Media, which owns The Myanmar Times.

Myanmar is one of the fastest-growing markets for automotive lubricants in ASEAN. Myanmar consumed 78 million litres of finished lubricants, according to research from industry firm Solidiance, which predicted yearly double-digit growth in lubricants consumption from 2013.

Since the government liberalised its vehicle import policy, there has been a steep rise in vehicle imports. Consequently, there has been a rise in lubricant imports as well. Currently there are more than 100 brands of lubricants imported into Myanmar.

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