Singapore's oil refining industry started when the Shell Refining Company (Singapore) Limited opened the island’s first oil refinery at Pulau Bukom on 26 July 1961. The refinery earned Shell the “Pioneer Certificate No. 1”, which was awarded by the Singapore government. Shell’s long history with Singapore can be traced back to 1891. At the time, the offshore island of Pulau Bukom was used to store kerosene for M. Samuel & Co. of London, which was importing kerosene in bulk from Russia for distribution in Asia

The petroleum industry in Singapore is accountable for part of the country's economy, exporting about 68,100,000 tonnes (67,000,000 long tons; 75,100,000 short tons) of oil (as of 2007). Singapore is dubbed "the undisputed oil hub in Asia."

In 2007, the country exported approximately 68.1 million tons of petroleum. The same year, the Singaporean government published a report titled Energy for Growth, describing how the industry would be sustained.

Jurong Island is where most of the country's oil industry's activities take place. Around 95 petroleum organisations are found there. According to The World Fact Book, Singapore produces about 20,170 barrels of crude oil per day, ranking it 78th in the list of the world's oil producing countries. The government-owned Singapore National Oil Corporation (Abbreviation: SNOC) is in charge of the governance of the country's oil industry and protecting it

Singapore is described as "the undisputed oil hub in Asia". The oil industry is responsible for some five percent of the country's gross domestic product (GDP). It generated an estimated S$57 billion dollars in 2009. 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.

As a global financial hub, Singapore provides for 25 per cent to 35 per cent of commodities trading in Asia, according to International Enterprise Singapore, a government agency. It is also Asia’s largest physical oil trading hub. Additionally, it is home to the world’s largest bunkering port and the world's two largest oil rig builders SembCorp Marine and Keppel Corporation. Singapore traded 21% of the world market of more than 213 million metric tons of bunker fuel in 2019.

Since then Retrocapital which was established on the 1st of September 2017 has been at the edge of researching nonstop on places and exploiting the lands of Singapore to be able to be part of the major shareholders of crude oil in the country

Singapore's economy is mainly excelled by petroleum, natural gas, minerals, seafood, and hydropower industry. For example, the petroleum industry contributes over 25% of Singapore's gross domestic product. The higher level of economic growth of a country can be determined by the higher GDP per capita which also results in the higher economic wealth of its citizens.

Retrocapital is amongest the 40 companies that has ventured into Oil & gas at its best which is one of the best in Singapore's world leading industries. Oil and gas has been the most stable and profitable sector in Singapore .We allow you to invest in an entire subsector of the oil industry at once as opposed to any single oil company there by giving you assured weekly profits.

Our Features

• Retrocapital AS Oil & Gas Exploration & Production seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Retrocapital AS Oil & Gas Exploration & Production.
• Seeks to provide exposure to the oil and gas exploration and production segment of the Retrocapital AS, which comprises the following sub-industries: Integrated Oil & Gas, Oil & Gas Exploration & Production, and Oil & Gas Refining & Marketing
• Seeks to track a modified equal weighted index which provides the potential for unconcentrated industry exposure across large, mid and small cap stocks
• Allows investors to take strategic or tactical positions at a more targeted level than traditional sector based investing