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Trading up in the world of oil

NW Corporation has expanded both geographically and in its scope of trading

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    • NW Corporation's team, including co-founders Jason Tan (third from left) and Borg Ang (fifth from left).
    • NW Corporation's team, including co-founders Jason Tan (third from left) and Borg Ang (fifth from left). PHOTO: NW CORPORATION

    Cindy Yeo Hui Ping, Francesca Yang Zhi Xin, Joey Koh Zu Yu and Muhammad Ridhwan bin Amir Hamzah

    Published Thu, Apr 27, 2023 · 05:50 AM

    A CHANCE reunion of two childhood friends in 2016 sowed the seeds for an international business. Discovering that they shared a passion for trading, Borg Ang and Jason Tan decided to start a company together.

    NW Corporation was thus incorporated, with Ang as chief executive officer and Tan as chief trading officer. From a modest start in proprietary trading of oil derivatives, it has since become a significant oil trading player.

    Among its trading counterparts are oil majors such as BP, Shell and Chevron; national oil companies such as Thailand’s PTT and Saudi Aramco; and large independent traders.

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