| East Timor company to sell oil in Macau |
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| Friday,March 31,2006 Posted: 07:55 BJT(2355 GMT) Timor Post |
Ta Fui Oil, an oil trading company from East Timor, Monday opened an office in Macau for sale of oil products in the region, company officials said. Lourenço de Oliveira, the company’s chairman, said that the branch had been opened in Macau taking into account the territory’s potential to “channel commerce with China.” "Macau has the possibility of turning into a platform for oil industry contacts between Asia, particularly China, and East Timor,” Oliveira said. Oliveira said that Ta Fui Oil would not only sell oil products from the Timor Sea, but also from other regions. Ta Fu Oil, which sells crude oil and natural gas, said that at a later date it would open offices in Malaysia and Singapore.
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