September 10, 2008

Reliance Industries Sets Up Trading Subsidiaries in London and Singapore

Indian oil refiner Reliance Industries has announced the incorporation of wholly owned subsidiaries in London and Singapore, in an effort to tap the emerging opportunities in worldwide petroleum product markets.

Reliance Global Energy Services London is headed by Peter Ward, a veteran in the industry who was formerly the president of Shell Trading's gas and power division.

Reliance Global Energy Services Singapore is headed by Michael Ng. Mr Ng was till recently the president of Fair Energy. He has also been the head of Shell's international aviation fuel business in Asia.