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East Timorese oil company opens branch in Macao
(Xinhua)
Updated: 2006-03-21 14:46
Tafui Oil Company, an East Timor- based enterprise, has set up a branch in
Macao, local media reported Tuesday.
Macao Daily News, the leading local Chinese newspaper, quoted company sources
as saying that the branch is to open business in sectors of oil, exports and
immigration services.
The company has cooperation deals with a number of nations, importing crude
oil from countries including Malaysia, Russia and Kuwait, and exporting products
to the markets in Europe and Asia, according to the newspaper.
The setting up of the Macao branch was the first step of the company's
efforts to grasp business access into markets in China, the sources were cited.
East Timor and Macao are believed by local analysts to have economic
cooperation potentials.
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