RYTS has taken a significant step in enhancing its footprint within the energy sector by entering into a Joint Venture Agreement with TOPWAY Oil and Gas Inc., a company based in the Philippines that specializes in the trading of petroleum products. This strategic alliance allows both organizations to work together in the trading of various refined petroleum products, including diesel, liquefied petroleum gas (LPG), liquefied natural gas (LNG), and gas oil, thereby establishing a dependable and efficient supply chain for energy resources.
The collaboration aims to refine trade routes, reduce logistical expenses, and ensure a consistent supply chain for petroleum products. RYTS and TOPWAY are committed to adopting industry-leading practices, adhering to compliance standards, and exploring innovative financing solutions to enhance operational efficiency and profitability. Mr. Osman expressed confidence in the partnership, stating, “Our collaboration with TOPWAY significantly strengthens our position in the global energy market. This joint effort will enable us to secure reliable energy supplies, mitigate market volatility, and offer competitive pricing structures to our partners and clients.”
