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Facts and Figures



  • The oil industry accounts for 5 per cent of Singapore’s gross domestic product.

  • Singapore is one of the world’s top three export refining centres, accounting for 68.1 million tonnes of oil exports in 2007 (BP Statistical Review of World Energy June 2008).

  • The oil industry is not a standalone industry. Refining has been the catalyst for the chemical industry, providing advantaged feedstock as well as other spin offs including oil & gas equipment and oil rig manufacturing sectors.

  • Singapore is Asia’s leading oil trading hub.

  • It is also Asia’s oil and oil product pricing centre.

  • It is the leading bulk liquids logistics hub in Asia and ranks amongst the top three in the world.

  • It is the world’s busiest marine bunkering centre, accounting for 31.5 million tons in 2007 (Maritime and Port Authority of Singapore).



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Last updated:11 November 2010
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