Trading up in the world of oil
NW Corporation has expanded both geographically and in its scope of trading
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.
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
Singapore households’ net wealth up, but also taking on more debt such as home loans
With new S$10 million HQ, Jumbo Group looks to Shanghai-focused China strategy, premium dining for growth
Up to 11 new condo projects with 3,550 units lined up for H2 launch as price ceilings emerge
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned