Singapore today is home to a handful of independent oil companies that are thriving on its tax-friendly and investment-welcoming shores.

Also the Singapore Stock Exchange (SGX) is keen to attract more oil and gas companies, something that has already appealed to the likes of Kris­Energy, Loyz Energy, Ramba Energy and RH Petrogas.

Singapore Petroleum Company (SPC) — then Singapore Petroleum & Chemical Company — was established in 1969, just four years after the country gained in­dependence.

SPC