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Singapore-based Sea Oil Petroleum acquires Pro Fuels bunker trading business in Norway

Repost: Bangkok-based Sea Oil Public Company Limited’s Singapore subsidiary, Sea Oil Petroleum Pte Ltd, on Monday (8 February) announced the acquisition of Pro Fuels AS’s trading business and operations.

As part of the acquisition, Sea Oil Petroleum AS has been established and the former Pro Fuels team will transfer as new employees to the company.

Pro Fuels AS was established in Norway in 2018 by a group of experienced individuals with a strong background within the marine fuel industry for the last three decades and the company has had a steady and rapid growth since incorporation.

“Our growth has been steady as expected, and we have for a period now been looking for a solid partner to take our business to the next step,” said Kennet Bollerød, General Manager at Sea Oil Petroleum AS.

“To find a partner, who believed in us, and want to support and further grow the business through the way we have been doing business for the last few years, was important to us.

“Our value proposition has been supported and cherished by our clients, and I know we will still provide our clients with the same good service, which we are known for now under the Sea Oil brand.”

Koh Kuan Hua, Director of Sea Oil Petroleum Pte Ltd, said he was pleased to welcome the Norwegian team into the Sea Oil family and believed the new addition will allow the firm to reach out to new markets as an important part of Sea Oil’s expansion strategy.

“I’m sure that with the team’s strong business acumen and documented experience, they will succeed in building Sea Oil into an even stronger brand for the future and be the preferred choice for our clients when looking for refuelling on a global scale,” noted Koh.

“I’m looking forward to deliver a better product to serve our clients by combining the strengths of two companies that have succeeded in different regions together as one.”

Manifod Times

bunkering, very low sulphur fuel oil

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