Vitol, a key partner assisting the State Trading Organisation (STO) in launching bunkering services in the Maldives, has praised the government's decision to enter the sector. In an interview following the inauguration of the international bunkering service in the northern Maldives, a Vitol representative described the move as a strategic and wise decision by both the Maldivian government and STO.
The Vitol representative emphasised the company's extensive experience in the bunkering industry and expressed confidence that this collaboration with STO would lead to an environmentally friendly and profitable project. He highlighted the Maldives' strategic geographical location, noting its potential to benefit significantly from expanding its oil business into bunkering.
Vitol is actively supporting STO in various aspects of providing bunkering services and is also promoting the Maldives within the global banking industry.
In addition, Vitol plans to promote the Maldives as a bunkering destination at the Singapore International Bunkering Conference (SIBCON), one of the world's largest bunkering events, next month. The representative emphasised that this event will provide significant exposure for the Maldives within the sector, potentially attracting considerable interest and investment.