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The energy industry in Singapore
Although Singapore has a relatively small mining and oil sector, it has a strong presence in both markets for 1 main reason, its role as a major financial hub in Asia and the focus on commodity trading. As a result, Oil sector represents close to 5% of the country’s GDP and the mining industry employs 10,000 people, with the 5 largest mining companies in the world all having offices In the country. This is further supported by major oil companies, such as Exxon Mobil also having offices in the country.
