About Us

Our Story

Synergy Energy was incorporated in Labuan, taking the advantages of the Global Incentives for Trading Programme (GIFT) as part of the Malaysian Government’s incentive to encourage global commodity trading companies to use Malaysia as their regional base for global trading. During the same period, Synergy Energy Thailand Co., Ltd. and Synergy Energy (Labuan) Ltd. both commenced their businesses in January 2015.

Our Business Model

Transporting oil and petroleum consistently, safely and responsibly with high quality and standards for service level of delivery, knowledge and experience in international market to expand business ties through niche market and investments practicing proper risk management in business transactions and agile in adapting to fast changing market dynamics.

Trading Operations

Build relationships with reputable oil majors, national oil companies and major refineries for seamless commodity trading and meeting demands, standards for shipping and freight with backroom and frontline operations support

Our Products

Balancing supply and demand in supply chain, tailored shipments within the Asian region, planning, implementing distribution solutions for producers – crude oil, light distillates, middle distillates, fuel oil, bitumen and biodiesel.

Operations Risk Management

Source

KYC due diligence procedures for each new counterparty with inspection by independent and highly reputable inspectors for all physical product transfers.

Delivery

Compliance to International Best Practice and Standards, quality standards and control by reputable corporate systems, independent quality inspection meeting all required specifications in moving products

Trading Risk Management

Backed by highly reputable financial institutions, hedging commodity position via derivative transactions and back-to-back trading enabling additional risk management and minimizing risk of flat pricing.

Significant Milestones

2014

  • Incorporation of Synergy Energy in Labuan on 25th November 2014
  • Obtained Labuan FSA license and is eligible for the GIFT Programme

2015

  • Officially commenced business with 30 employees
  • Secured up to USD500 million trading credit facilities from reputable international financial institutions

2016

  • At financial close in 2015 revenue was in excess of USD770 million and a profitability of USD7.5 million after tax in the first year of business
  • Total barrels of crude and products transacted was in excess of 15 million barrels