Kairos Oil celebrates first year capturing opportune moments

Making a profit within the first year is a challenge for any start-up company, let alone in the volatile oil industry. Home-grown full-spectrum oil and petroleum trader Kairos Oil Trading proved successful by hitting more than US$500 million - well ahead of its first anniversary.

"Beyond solid financial credit lines and industry support, a company also needs the X-factor for survival and sustainability," says CEO Michael Ng. "For Kairos, the X-factor rests in a team of oil industry professionals who share vast industry network experience, expertise and - most importantly - the passion and commitment to the business."

Kairos trades in large cargoes of crude oil, petroleum products, petro-chemicals and aviation fuels and test kits. With established market credibility of its traders, Kairos is able to quickly deal with end-users, national oil companies, oil majors and major trading houses in the global energy markets.

Living up to its name, which means "opportune moment", Kairos is positioning itself as a Singapore-brand company competing in the global energy market.

Eyeing opportunities in the Asean markets, it is forging strategic relationships and strengthening its foothold in Asia-Pacific by setting up offices in Hong Kong, Kuala Lumpur and Jakarta. "Establishing relationships remains key to doing business in the region," Ng says. "While relationships provide opportunities, it is pricing effectiveness that clinches the deals. Both are essential in Kairos. Our mindset is about serving customers; building trust and tailoring solutions to add value."

Under its Phase 2 development plans, Kairos is raising the required funding for its manufacturing assets to be located in Singapore or the Asean region.