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CMET, Rongsheng latest China oil traders to open offices in Singapore

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Published Wed, Sep 14, 2016 · 09:50 PM

Singapore

DANCING lions that jumped to deafening drum beats marked the opening of one of two new Chinese trading companies in Asia's oil hub of Singapore last week, a sign of the increasing reach of China's energy sector.

While guests at China Merchants Energy Trading (CMET) watched the dance, those at Zhejiang Rongsheng lunched on catering from the Ritz-Carlton hotel as the companies timed their office openings with the industry's biggest regional meeting, the Asia Pacific Petroleum Conference (APPEC).

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