StatoilHydro opens new HQ
NORWEGIAN oil giant StatoilHydro has opened a new office and its Asia-Pacific headquarters in Singapore on Monday.
Its latest move reflects the importance of Asia for growth companies, said its Executive Vice President Jon Arnt Jacobsen.
Statoil is the third largest in the world crude oil and the vendor wants to grow its Global Footprint, especially in the third trading company.
"Our Singapore office is a milestone in the global business strategy ... and the constant presence in local markets, provide us with their hands on the information market," said Jacobsen.
The company, which had a local presence for 18 years, moved to its new 11,000 sq m of premises in Ngee Ann City in which 38 workers on Monday.
Increase the number of employees in the near future, as Singapore is used as a base for operations in Asia, said the president of Statoil Asia Pacific, Ms. Marthe Hoff.
Asia is increasingly 'natural home' for StatoilHydro in production of crude oil as an international production and market growth in Asia is growing, said Hoff.
Statoil is currently manufacture two million barrels of oil a day, of which a maximum of 150,000 barrels is exported to Asia.
The company hopes to increase this number, particularly in the trade of crude oil, gasoline and liquefied petroleum gas (LPG), added Ms. Hoff.
"We believe that the markets in the region will continue to grow faster than any other part of the world, despite the current economic slowdown."
[Source]
Its latest move reflects the importance of Asia for growth companies, said its Executive Vice President Jon Arnt Jacobsen.
Statoil is the third largest in the world crude oil and the vendor wants to grow its Global Footprint, especially in the third trading company.
"Our Singapore office is a milestone in the global business strategy ... and the constant presence in local markets, provide us with their hands on the information market," said Jacobsen.
The company, which had a local presence for 18 years, moved to its new 11,000 sq m of premises in Ngee Ann City in which 38 workers on Monday.
Increase the number of employees in the near future, as Singapore is used as a base for operations in Asia, said the president of Statoil Asia Pacific, Ms. Marthe Hoff.
Asia is increasingly 'natural home' for StatoilHydro in production of crude oil as an international production and market growth in Asia is growing, said Hoff.
Statoil is currently manufacture two million barrels of oil a day, of which a maximum of 150,000 barrels is exported to Asia.
The company hopes to increase this number, particularly in the trade of crude oil, gasoline and liquefied petroleum gas (LPG), added Ms. Hoff.
"We believe that the markets in the region will continue to grow faster than any other part of the world, despite the current economic slowdown."
[Source]
