Oil industry in Singapore

The same year, the Singaporean government published a report titled Energy for Growth, describing how the industry would be sustained.

[1] Jurong Island is where most of the country's oil industry's activities take place.

The oil industry is responsible for some five percent of the country's gross domestic product (GDP).

Technology used for oil refinement and trading centres in Singapore is on the cutting edge, and many well-established petroleum businesses, such as Exxon Mobil and Lanxess, are based in Singapore, owing to the country's "safe environment" and ideal trading location.

[5] Singapore traded 21% of the world market of more than 213 million metric tons of bunker fuel in 2019.