Fuel Supply Maldives (FSM) Private Limited signs agreement with Maldives Transport and Contracting Company (MTCC) to relocate all of its petrol sheds in Male' city to the newly developed industrial village.
Under the 3.2 million U.S. dollar project, the three petrol sheds managed by FSM would be relocated to the industrial village. FSM revealed that the new mega shed would be equipped with 18 oil tanks and the new shed would also provide petroleum to sea vessels. FSM further said with the completion of the new petrol shed in the industrial village, the use of oil bowsers for fuel supplying would be terminated.
FSM is a subsidiary company of State Trading Organisation (STO) founded in 2000.
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