We are pleased to announce the launch of new UAE-based subsidiary, Oilo Energy, dedicated to trading in the Oil & Gas, Minerals, and Metals sectors. This strategic move reinforces Coztrix’s commitment to broadening its footprint in high-demand global markets, focusing on resource-rich regions with significant growth potential.
With more than a decade of successful operations in the Oceania, Southeast Asia, and Middle East markets, Oilo Energy will enhance Coztrix’s capabilities in commodities trading. Leveraging the strategic location of the UAE, the new subsidiary will serve as a hub for procuring, distributing, and trading refined petroleum products, petrochemical feedstocks, and critical minerals and metals, including Aluminum Ingots, Petroleum Coke, and Naphtha.
The launch of Oilo Energy marks a significant milestone in our company’s growth strategy. Establishing a base in the UAE allows us to strengthen our commitment to providing high-quality commodities across global markets while enhancing the sustainability and flexibility of our supply chain. We look forward to engaging further with the Middle Eastern market and extending our resources to new trading partners and clients worldwide.”
Key Objectives of Oilo Energy:
- Enhanced Market Access: With a foothold in the UAE, Oilo Energy can streamline operations and respond quickly to demand across the Middle East, Africa, Asia, and Europe.
- Strategic Trading Capabilities: The subsidiary will prioritise sustainable trading practices across multiple commodities, focusing on high-demand resources like oil, gas, minerals, and metals.
- Growth in Energy and Natural Resources: Coztrix’s diverse portfolio will now encompass a wider range of natural resources, reinforcing its position as a versatile and resilient trading partner.
Oilo Energy will also explore partnerships with local and international firms to drive innovation and sustainability across the supply chain, supporting Coztrix’s commitment to responsible trade and Shariah-compliant investments. The new subsidiary will play an integral role in helping Coztrix achieve its broader vision of becoming a leading global provider of essential commodities and comprehensive logistics solutions.
