{"id":6178,"date":"2023-06-04T21:02:04","date_gmt":"2023-06-04T16:02:04","guid":{"rendered":"https:\/\/mbt.mv\/?p=6178"},"modified":"2023-06-04T21:02:04","modified_gmt":"2023-06-04T16:02:04","slug":"sto-receives-nod-to-begin-international-bunkering-services","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=6178","title":{"rendered":"STO receives nod to begin international bunkering services"},"content":{"rendered":"<p>State Trading Organization (STO) has received the not to start international bunkering services, confirmed its Managing Director Abdulla Saeed.<\/p>\n<p>Saeed made the revelation during the company&#8217;s recently Annual General Meeting. With this move, the largest state-owned enterprise (SOE) in the Maldives eyes to expand its operations and increase its revenue streams.<\/p>\n<p>The enterprise is currently working on establishing an oil storage facility in Ihavandhippolhu, which will facilitate the bunkering services.<\/p>\n<p>Saeed further said that preparations are already underway to commence the bunkering service with the support of a foreign consultant.<\/p>\n<p>&#8220;We are in the process of starting international bunkering,&#8221; said Saeed. &#8220;The regulatory work for international bunkering is nearly complete.<\/p>\n<p>Both STO Singapore and the Maldives National Oil Company (MNOC) will be reactivated to facilitate the international fueling operations.<\/p>\n<p>The corporation is also planning to establish overseas oil storage facilities to completing its bunkering service. Saeed said that the facility is constructed in the United Arab Emirates (UAE).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State Trading Organization (STO) has received the not to start international bunkering services, confirmed its Managing Director Abdulla Saeed. Saeed made the revelation during the company&#8217;s recently Annual General Meeting. With this move, the largest state-owned enterprise (SOE) in the Maldives eyes to expand its operations and increase its revenue streams. The enterprise is currently<\/p>\n","protected":false},"author":4,"featured_media":6179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423],"tags":[1057,1982,1990],"class_list":{"0":"post-6178","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-international-oil-bunkering","9":"tag-state-trading-organization","10":"tag-sto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>STO receives nod to begin international bunkering services - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=6178\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STO receives nod to begin international bunkering services - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"State Trading Organization (STO) has received the not to start international bunkering services, confirmed its Managing Director Abdulla Saeed. Saeed made the revelation during the company&#8217;s recently Annual General Meeting. With this move, the largest state-owned enterprise (SOE) in the Maldives eyes to expand its operations and increase its revenue streams. The enterprise is currently\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=6178\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-04T16:02:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/06\/FxeMoOuakAA02aK-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=6178#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=6178\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"STO receives nod to begin international bunkering services\",\"datePublished\":\"2023-06-04T16:02:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=6178\"},\"wordCount\":167,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=6178#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/06\/FxeMoOuakAA02aK-1.jpeg\",\"keywords\":[\"International Oil Bunkering\",\"State Trading Organization\",\"STO\"],\"articleSection\":[\"BUSINESS\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=6178#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=6178\",\"url\":\"https:\/\/mbt.mv\/?p=6178\",\"name\":\"STO receives nod to begin international bunkering services - 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