Our history
With over two decades of trading experience, we connect supply and demand worldwide.
Our story
From our beginnings as a focused trading operation to becoming a globally active platform, Cathay Petroleum’s history reflects our consistent growth and commitment to the energy industry.
2003
Cathay Petroleum was established in Hong Kong by Jason Wei Chen with a vision to bring energy resources from the international markets to Asia.
2005
We obtained credit facilities from first-class international banks to trade with state-owned oil companies, oil majors and other trading houses.
2013
Cathay Petroleum secured its first term contracts with suppliers from Africa and South America.
2015
Cathay Petroleum increased its trading volumes on the back of the liberalisation of crude oil imports for independent refineries in China.
2017
Setting up of a new trading office in Singapore and a significant increase in credit facilities from leading international and domestic banks.
2018
Additional traders joined the team, paving the way for growth acceleration in the following years.
2023
We celebrated 20 years in business with a flawless track record and reached the highest turnover ever.
2024
New growth chapter for the group with additional traders joining the group. Cathay Petroleum trades record volumes exceeding 100Mln barrels.
2025
Strengthening of the organisation with key hires in Finance, Compliance and Trading.
Get in touch with us
As we continue to grow globally, we welcome partners, clients, and talent to be part of our journey.
