Oil Trading

Project Location: Bangladesh and other countries

Nature of Project: Oil Trading

JV Partners and Percent Equity : None

Project Objective(s): To generate additional income for the company through engaging in marketing and distribution of petroleum products.

Project Description: PNOC EC has been engaged in the oil trading business since early 2009 by supplying oil products to the state-owned Bangladesh Petroleum Corporation (BPC) through private trading agents. In 2013, PNOC EC also added Pertamina Energy Services (PES) of Indonesia as an additional market.

Brief Background : PNOC EC’s long-term objective is to be a key player in the local downstream sector by trading petroleum products within the country. PNOC EC’s current trading operations in serve as a learning experience.

As  of end May 2015

(page update April 30, 2015)