With MIM Group’s new venture – “MIM Refined Oil Products Trading L.L.C”, the group is set to deal in trading of refined oil products. This is the first non-service venture under the group’s portfolio.
The operations of this new trading division are expected to begin by the first quarter of next year. MIM Group with its lustrous 32 years of experience in management consulting and project appraisals in MENA region, steps in to the trading of refined oil products as part of its diversification strategy.
Refined Oil Products include Petrol Fuel, Diesel Fuel, Kerosene, LPG etc. UAE’s economy is highly dependent on Oil which is around 30% of the country’s GDP. Oil prices are record low and has reduced around 100% in the past one year.
With its vast business network, MIM intends to cater to the needs of industrial consumers both within and outside the country, forming strategic partnership with various suppliers and industrial organizations.