Oil & Gas

Trading is the heart of our business at The Wingsley Group Holdings. We started business with the trading of oil and gas via Wingsley Petroleum Sdn Bhd in 2015 before we diversified into other services.

Over the years, we have established ourselves as a formidable trading partner among oil refineries and represented them the world over and bring bona fide buyers and renowned sellers together.

Our strengths lie in our highly experienced team, global partners’ network support,
multi-commodity and asset-backed management. The team is highly trained experts with many years of oil financing, trading, brokering, real estate, investments, strategic planning and implementation, risk management, time-critical projects and more.

In fact, we have wide experience and close affiliation with petroleum companies in South East Asia and Eastern Europe which give us the competitive edge to deliver excellent products and services.

What makes us different is obviously our prices and services.

Our products and services cover a wide range of oil and gas commodity, namely:

• Crude Oil
• LSMFO (Marine Diesel Oil)
• Jet Fuel
• Gasoline
• Diesel Fuel
• Liquefied Natural Gas (LNG)
• Liquefied Petroleum Gas (LPG)
• Naphtha
• Bitumen
• Other petrochemical products

Order Process

Our trading process involves a highly meticulous and stringent process and yet simple to ensure smooth transaction and delivery. The chart below illustrates our Order Process.

• Buyer issues LOI to Seller/Agent/Broker/Distributor/Facilitator with company profile.

• Seller issues SCO to Buyer/Agent/Broker.

• Buyer seals and signs SCO acceptance letter and returns to them.

• Seller issues FCO to Buyer.

• Buyer seals and signs FCO acceptance letter and returns within 5 international banking days.

• Buyer issues and sends ICPO with banking details to Seller together with BCL hard copy issued by Buyer’s Bank within 5 days.

• Seller issues soft copy of SPA to Buyer and both parties will sign the SPA by courier or at their convenience.

• Buyer duly seals and signs all copies and returns 2 original SPA copies.

• Seller sends authorization letter to Buyer to certify ATPC Codes directly with refinery.

• Seller sends SPA registered hard copy to Buyer via courier with Proforma invoice.

• Both parties (Buyer and Seller) lodge their copies of the Registered SPA with their respective banks. The banks will list down documents needed to ensure smooth transaction.