Oil Trading

There are two companies mainly dealing with oil trading sector of Nanshan Group at the moment. Jaron Energy Asia Pte Ltd which is based in Singapore and 100% owned by Nanshan Singapore mainly deals with trading activities internationally. Qingdao Longyu Energy Co., Ltd which is based in China and 100% owned by Nanshan Group handles domestic trades.

Currently purchase and sales contracts are usually signed simultaneously without taking extra risk positions. And pricing terms will be back to back for both sides to eliminate risks arising from price fluctuations. The trading margin will be locked by the time contracts signed.

In terms of teamwork, Longyu Qingdao team continues to develop new customers, negotiate business terms and expand market share both domestically and internationally. Jaron Singapore team will more focus on getting trading funds from multiple financial institutions and controlling risks arising from diverse aspects of the volatile trading environment.