India's Bharat Petroleum eyes wider Sri Lanka market share

India's Bharat Petroleum says it is looking for opportunities in Sri Lanka's aviation and retail fuel sectors after launching its 'MAK' brand lubricants partnering with a top auto dealer in the island.

"We hope that we will also be given an opportunity to enter the main product market which is the petrol and diesel trade," Bharat Petroleum marketing director S Radhakrishnan, told LBO.

"We are already here in a small way doing some bunkering and now lubricants."

Bharat Petroleum was one of the bidders for a third share in Sri Lanka's retail fuel market but the process was abandoned following a change in the country's economic policy after 2004, which ruled out privatization.

"Aviation, if we are given an opportunity, we would also like to start refueling in Colombo and other air ports," Radhakrishnan said

"We are waiting an opportunity from the government do that."

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