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Athlone announces five year plan

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Jojar S Dhinsa announced new plans for Athlone Group at a board meeting held on Friday, 2nd October 2009.

Athlone Group have developed a five year plan for its oil trading division to become one of the worlds largest oil trading companies within three to five years. Athlone Group will be uniquely positioned to offer reliable supply to industrial customers via a vast network of operations and to compete with companies such as Vitol, Gunvor and Glencore. Athlone Group will develop its long term strategic relationships to enable us to bring market opportunities to our clients quickly and efficiently.

"Currently Vitol, Gunvor and Glencore account for around 8% of the world oil trade. Our plans to expand our operations in oil trading will give Athlone Group a share of this market" - Jojar S Dhinsa"