StatoilHydro to shut Singapore products trading

摘要

Singapore-Norway's StatoilHydro plans to shut its oil product trading desk in Singapore, Asia's largest oil trading hub, the company said November 20. The products trading department in Singapore with its four employees will be discontinued, Statoil said. "The decision will not affect any of our trading activities in crude or gas liquids, the key trading areas for StatoilHydro, in addition to natural gas," Jan Karlsen, Statoil's senior vice president of oil trading and supply business, said in a statememt.