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GSS Energy gets a foot into oil trading

It inks deal with Dutch firm FinCo's unit AFCO to invest in a JV that will market and distribute mineral oil and crude oil products in Indonesia

Published Tue, Jun 2, 2015 · 09:50 PM

GSS Energy

Singapore

GSS Energy is moving into energy trading after inking a joint-venture (JV) deal with global oil trading company AFCO Energy. The firm on Monday inked an agreement with AFCO, a subsidiary of Dutch oil storage, trading and distribution firm FinCo, to invest in equal proportion in GSS-AFCO, which will market and distribute mineral oil and crude oil products in Indonesia.

Singapore-incorporated AFCO trades in physical energy products, including fuel oil, gasoil, diesel, liqu…

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