Reliance forms global trading arm in London, S'pore

Reliance Industries Ltd today announced the incorporation of wholly owned trading subsidiaries in London and Singapore.

These companies have been created to tap the emerging opportunities global market of the petroleum products, informs the press release issued by the company.

Reliance Global Energy Services Ltd London will be headed by Peter Ward, a veteran in the industry and former president of Shell's trading arm.

The Singapore subsidiary Reliance Global Energy Services Singapore Pte. Ltd. will be headed by Michael Ng.  Ng was president of Fair Energy before joining Reliance.