Thus Fuel Supplies Maldives pvt ltd was established on January 01, 2001 with the blessings and good grace of Allah. FSM was founded as part of the scheme of STO to choose private companies to form partnerships in specialized lines of services. Innumerable opportunities would be open for these private parties to take advantage of STO's vast experience, knowledge and influence as one of the oldest-established trading entities in the Maldives.
It was the need for such a unique fuel distribution system that triggered the constitution of FSM. State Trading Organization plc, the colossus of trade in the nation imports marine gas oil, gasoline and kerosene into the country and had no major position with regards to the distribution as there were and still are a number of distributors large and small. However, ST O with an ambition to form partnerships with private entities to facilitate a promising business environment and pave the way to incorporate 21st century corporate style into today's local businesses, looked into the prospects of forming partnerships with the distributors then.
STO invited most of the distributors for a screening process through which Vara Maldives pvt ltd and Royal Enterprises pvt ltd were selected.
It was envisioned that all three entities coming together had the potential to develop a powerful distribution network offering better rates than previously to clients. Further, the combination would expand the fleet of vessels that would form the hub of the company. The venture would create unparalleled competition challenging the quality of service to increase and new trends for corporate businesses with a global view would be set.
Thus Fuel Supplies Maldives pvt ltd was established on January 01, 2001 with the blessings and good grace of Allah.
Fuel Supplies Maldives pvt ltd