Singapore's Concord Energy hires crude oil trader from ZenRock
[SINGAPORE] Concord Energy has hired Jason Lai to take charge of its crude oil trading business, the Singapore-based company's chairman and owner Nasrat Muzayyin told Reuters in an email.
Mr Lai, who starts with Concord Energy on Monday, reports to Li Bo, head of trading at the company, he said.
Mr Lai was formerly a senior crude oil trader at Singapore-based ZenRock Commodities Trading which is now under judicial management.
ZenRock owed more than US$600 million to creditors after it was hit by tumbling oil prices and the coronavirus pandemic.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
Banyan Group heir Ho Ren Yung: ‘Better to be useful than happy’