The full concept, base, foundation and structure gets handed over for the new generation to level up with its base in Middle East.

The concept gets introduced to one of the largest oil producer of the Middle East. Shortly thereafter registration process gets started.

The mother company gets approved by the oil producer.

A meeting with at the HQ of the Oil Producer, its decided to start a local entity with local banking. Process starts immediately.

Local entity with local bank establishment is formed.

Due to corona, no commitments nor trading was able to take place with the new formed company and its management. It’s internally decided to ride out the terrible wave.

After a terrible year due to global pandemic; COVID-19, we became wiser and learned a very valuable lesson. Looking forward towards the future, we decide to get into a JV and a great restructure and formation is taking place.

After intense re-structure and reformation, new management, new base and new strategy is formed to encounter the future.

From previous JV-discussions, the name Petrolius is born and formal process of its back-bone is started with a aggressive strategy.