STO

News

25 Mar, 2026

Government Begins Procurement for Major Gas Storage Expansion to End Recurrent Shortages

STO subsidiary Maldive Gas has begun work to expand the country’s cooking‑gas storage capacity, aiming to build reserves sufficient for two months and 15 days, Finance Minister Moosa Zameer said today. Speaking

Gulf Crisis·News

23 Mar, 2026

Government Launches Plan to Establish National Oil Reserve

The Maldives, a heavily oil‑dependent country, has begun work on a long‑term plan to establish a national oil reserve as a safeguard against global price shocks. President Dr Mohamed Muizzu announced the

The Managing Director of Maldives Gas, right, appears on a delivery pickup in a promotional photograph.

Gulf Crisis·News

23 Mar, 2026

New Gas Shipment Arrives as STO Restores Normal Supply

Maldives Gas has received a new shipment of cooking gas in the Maldives, with the State Trading Organization assuring that 10‑kilogram cylinders will now be available without difficulty. STO said the temporary

Abdulla Mohamed, Managing Director of Maldives Gas, photographed at the company’s headquarters. The SOE Committee is investigating a Rs 3.7 million advance payment made to a Dubai supplier that remains unaccounted for.

Parliament Committee Probes Loss of MVR 3.7 Million in Maldives Gas Advance Payment

MALE’, Maldives — The State Owned Enterprises Committee of the People’s Majlis has opened an inquiry into the loss of MVR 3.7 million paid in advance by Maldives Gas to a Dubai‑based

10 Feb, 2026

News

Gas Shipment Expected Next Week as STO Moves to Reassert Control Over Supply

A long‑awaited shipment of cooking gas is due to reach the Maldives in the coming week, with officials indicating it will arrive by or before 18 February, offering relief after weeks of

10 Feb, 2026

News

STO Assures Supply of Essential Ramadan Goods as Government Expands Basic‑Items List

The State Trading Organization has pledged that all newly designated essential food items will be available across the Maldives during the month of Ramadan. The government recently expanded the list of basic

03 Feb, 2026

News

Sugar Storm Hits Maldives: STO Denies Export Freeze as Trade Probe Reveals Complex Diversion Scheme

MALÉ, Maldives — A sophisticated scheme to divert Indian sugar exports meant for Maldives to Sri Lanka has triggered a federal investigation, leading to the detention of multiple shipments and raising concerns

25 Nov, 2024

News

Maldives Launches International Bunkering Service, Aiming to Diversify Economy

In a significant move to reduce its dependence on tourism, the Maldives has inaugurated an international bunkering service in the northern island of Hoarafushi. The initiative, spearheaded by President Mohamed Muizzu’s administration,

19 Sep, 2024

Business·News

STO

Government Begins Procurement for Major Gas Storage Expansion to End Recurrent Shortages

Government Launches Plan to Establish National Oil Reserve

New Gas Shipment Arrives as STO Restores Normal Supply

Parliament Committee Probes Loss of MVR 3.7 Million in Maldives Gas Advance Payment

Gas Shipment Expected Next Week as STO Moves to Reassert Control Over Supply

STO Assures Supply of Essential Ramadan Goods as Government Expands Basic‑Items List

Sugar Storm Hits Maldives: STO Denies Export Freeze as Trade Probe Reveals Complex Diversion Scheme

Maldives Launches International Bunkering Service, Aiming to Diversify Economy

Recent Posts

Recent Comments

Categories