New head appointed to SOCAR Trading Singapore
Azerbaijan, Baku, April 13 / Trend E.Ismayilov /
The trading arm of Azerbaijan's state oil company SOCAR has hired industry veteran Anthony Poon as the head of its Singapore office after the departure of the unit's managing director Victor Lim for personal reasons, Reuters reported.
The management change comes as SOCAR Trading Singapore looks to grow its core crude oil trading business and expand its products trading activities.
Poon began in his new role on Monday. SOCAR Trading Singapore currently employs 12 people, and it plans to add another eight staff by the end of the year, the spokesman said.
"We are hiring new crude, fuel oil, gas oil and naphtha traders, as well as operations staff," he said.
Poon had worked for Caltex in Singapore for around 30 years, last holding the position of head of the international crude trading department, where he was responsible for crude and derivatives trading.
The Singapore office was set up in 2009 with the goal of selling greater volumes of Azeri light crude sourced from its parent company to Asian customers.