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Singapore's Coastal Oil to exit market

Gasoil News - Published on Mon, 17 Dec 2018

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Reuters reported that Singapore petroleum company Coastal Oil Singapore Pte Ltd has entered liquidation as of December 13, according to the Accounting and Corporate Regulatory Authority. The company has decided to wind up but no other information was available. Coastal Oil declined to comment when contacted.

According to company website, Coastal Oil is a subsidiary of Hong Kong-incorporated Coastal Holdings and handles cargo trading, global oil product supply and blending.

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Posted By : Nanda Koijam on Mon, 17 Dec 2018
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