Project Location: Bangladesh and other countries
Nature of Project: Oil Trading
Implementing Subsidiary : PNOC EC
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) 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 Bangladesh and Indonesia serve as a learning experience.
As of end May 2015