Company News

Ian R Taylor Passed Away on 8 June 2020

2020.06.08

It was with great sadness to hear that Ian Taylor, one of Fortune Oil Limited former Directors, had passed away. Without Ian’s insight and drive Fortune Oil would not be the company that it is today. Ian was instrumental in setting up the very first of Fortune Oils’ businesses almost 30 years ago.

This was a time when China needed partners like Fortune Oil and Vitol to provide the technology, capital and energy to support the rapid growth as China welcomed in its first foreign partners. Together with Ian Taylor and Vitol Fortune Oil successfully established the joint venture with Sinopec to import the first batch of crude oil into China from the Middle East. With China National Aviation Fuels Fortune Oil and Vitol established the Bluesky joint venture to provide safe and reliable jet fuel supply across southern and central China to support the expanding aviation industry as more and more Chinese citizens needed to fly both domestically and internationally. And together with Vitol we supported Petrochina’s entry in to the southern fuels market with the West Zhuhai jetty and storage terminal.

Throughout these projects Ian was key to guiding Fortune Oil and he will be sadly missed. However, although we look back in sadness at all these achievements, Fortune Oil sees that the best way to honour Ian will be to continue to look forward using the platform he helped establish in Fortune Oil and together with Vitol continue to supply China with its energy needs and continue on the journey which Ian was instrumental in starting with Fortune Oil.

Fortune Oil Limited