Sto gas maldives Through our subsidiaries we are further involved in fuel distribution, gas, insurance and shipping. May 28, 2024 · State Trading Organization (STO) has taken a monumental step in transforming the Maldives’ economic landscape by partnering with Vitol, the world’s largest independent energy trader, to establish an international bunkering hub in Ihavandhippolhu. View Report It was the early 1960’s and the nation’s socioeconomic outlook was not very promising. C8-2-D) to this post, effective this day. Downloads Downloads Mar 26, 2025 · State Trading Organization (STO) takes this opportunity to welcome applications from qualified and experienced individuals who wish to start their careers in a dynamic and expanding organization. Fuel Supplies Maldives (FSM — our distribution arm) Incorporated date: 3 October 1999 • Shareholders: STO 90% and Champa Oil & Gas 10% Maldives Structural Products Pvt Ltd Incorporated date: 23 October 2000 • Shareholders: STO 50% and Rainbow Enterprises 50% Fuel Supplies Maldives, incorporated on 18th December 2000 is now a wholly owned Subsidiary of State Trading Organisation PLC (STO), formed with the main objective of streamlining fuel distribution in the country and to offer easy and convenient access to fuel throughout the country. mv Jun 15, 2023 · The Board of Directors and the management of STO, along with its subsidiaries, are dedicated to upholding high standards of corporate governance. Today, STO group with its partners, is a national leader in business with significant, diversified interests in petroleum, cooking gas, building material, healthcare, consumer electronics, supermarket products, insurance, shipping, and bunkering. Difficulties in obtaining foreign currency and overreliance on petroleum trade were two fundamental threats identified to STO’s growth and sustainability. Established on 18th December 2000, Fuel Supplies Maldives pvt ltd was founded as a subsidiary of STO to choose private companies to form partnerships in specialized lines of services. Aug 16, 2023 · Maldives Gas: Maldive Gas is a leading distributor in the natural gas market in the Maldives, providing cooking gas to over 100,000 customers. STO Makita Showroom. Kosheege), from his position as the Chief Executive Officer and Managing Director (CEO and MD) of State Trading Organization plc, the Board of Directors at the meeting convened on 28th November 2023, has resolved to appoint Mr. The need for a central organization to import goods necessary to raise living standards and encourage development in 1864. STO undertook all trading and commercial activity on behalf of the Maldivian government. Notably, the fuel segment saw a 3% increase in fuel quantity sold, maintaining volume growth despite lower international oil prices. Around the time of STO's establishment, Maldivian economy started to pick up speed, fueled by increasing commercial activity mainly in fisheries, agriculture, tourism and construction industries. Today STO has sustained this important responsibility to oversee the food security concerns of government and diversified into many other areas of importance such as energy needs of the country which has now become part and parcel of STO’s mandate. FSM has fuel stations in major cities, providing the public with clean 95 Gasoline and Low Sulphur Diesel. STO responded by looking beyond its traditional role of state trader. 1422; Track your order; Back to sto. Jun 18, 2024 · STO said the fuel, gas, and shipping segments contributed to this gross profit. Funadhoo (960) 301 2574 . K. Saturday to Thursday. Change to the Board of Directors of State Trading Organization plc | 20250311. 08:30 to 22:00 hrs. fuel@sto. Our aim is to foster robust and firmly established corporate governance practices for the benefit of shareholders and various stakeholders, including the government, customers, suppliers, employees State Trading Organization plc | 3,041 followers on LinkedIn. Net Finance Cost and Global Economic Impact STO Hotels and Resorts was incorporated as a Special Purpose Entity (SPE) in 2011 as STO ventured into the tourism sector. mv . The company is in the business of supplying LPG (Liquid Petroleum Gas) cooking gas to the public and controls about 65% of the market share. In the natural gas distribution market, Maldive Gas delivers cooking gas to over 100,000 customers throughout the Maldives. We also provide medical gas to more than 95% of hospitals and medical centers in Maldives. mv; Support 1422. The gas segment also rebounded strongly, benefiting from reduced international gas prices. The roots of State Trading Organization PLC (STO), date back to 1964 when it was opened to finance the purchasing and importation of essential food items needed for the Maldivian community. The Maldives National Oil Company ltd (MNOC) was incorporated by the Government of the Republic of Maldives to complement the Government's effort to diversify the national economy and thereby generate employment and foreign income through oil and gas exploration and production in the territory of the Maldives and abroad. Allied Insurance Fuel Supplies Maldives Gas MNOC MSP MSS Raysut STO Singapore STO H&R. 70 and Petrol by MVR 0. We supply Liquified Petrolium Gas (LPG) in cylinders of various sizes and household appliances of well known selected brands. Address & Contact Info. Maldive Gas Pvt Ltd was incorporated on 3rd October 1999. Whistleblow Staples. They also offer a variety of industrial gases, including refrigerant gases, industrial oxygen, industrial nitrogen, Acetylene, Argon, Helium, Carbon dioxide, and Nitrous Oxide. Shimad Ibrahim (Hulhumalé Flat No. About STO About us Mission Allied Insurance Fuel Supplies Maldives Gas MNOC MSP MSS Raysut STO Singapore STO H&R. Innumerable opportunities thereby opened for private parties to take advantage of STO's vast experience, knowledge and influence as one of the oldest-established . View last issued report for staple items nation wide. mv Change to the Board of Directors of State Trading Organization plc | 20250311. Whistleblow Whistleblow. Since then, STO has entered more areas of trade and other business to meet the growing demands of a developing nation with rising living standards. Abdulla Saeed (Ma. Energy. STO Makita Agent Guidelines Allied Insurance Fuel Supplies Maldives Gas MNOC MSP MSS Raysut STO Singapore STO H&R. ATA was the beginning of STO, and the catalyst for change in the Maldives. We also trade in fuel, and provide international bunkering service in the north of Maldives. Fuel Supplies Maldives, incorporated on 18th December 2000 is now a wholly owned Subsidiary of State Trading Organisation PLC (STO), formed with the main objective of streamlining fuel distribution in the country and to offer easy and convenient access to fuel throughout the country. It has significant and focused interests in construction materials, electronic items, home improvement appliances and super markets. Track your order Back to sto. Useful links. Following the dismissal of Mr. The nation was growing and so were its demands. 35, per Liter, effective 27th May 2024. With proven success in contributing to national development, ATA matured to become the State Trading Organization (STO) on 9th June 1979. This is our 5th consecutive fuel price reduction beginning in August 2022. Downloads Downloads. STO (State Trading Organization) is the premier source for staples, medicine, fuel & building materials in the Maldives | The roots of State Trading Organization PLC, dates back 1964 when it was opened to finance the purchasing and importation of essential food items needed for the Maldivian community in bulk. eSTOre - Online Shopping from State Trading Organization PLC. The Organization conveys LPG for households as well as resorts and supplies medical gas to more than 95 percent of healthcare facilities throughout the nation. May 27, 2024 · We have reduced the price of our Diesel by MVR 0. While we continue to grow and diversify in business, our core mandate of securing accessibility of essential food, fuel, and medicine for the nation Fuel Supplies Maldives (FSM) is STO’s subsidiary established to distribute fuel within the country. The company supplies Liquefied Petroleum Gas (LPG) in 2kg, 5kg, 10kg, 22kg and 45kg cylinders with a wide range of appliances for domestic and industrial purposes. zphtxbr dlqfxz hpccfs ehdruex ysql zbrpw yfdkbfh zwhnk pqpefex tovnc sbuew uhbu bsu nvmtcm cky