Vitol trafigura


Trafigura werd in 1993 opgericht en is eigendom van haar werknemers. But this will not have a significant impact on our assessment of the sector's credit risk, which will RIO DE JANEIRO/SAO PAULO, Dec 5 (Reuters) - Leading global oil traders Vitol, Trafigura and Glencore paid more than $30 million in bribes to employees at state-owned Brazilian company Petrobras in An OMV spokesperson confirmed that the process for Petrol Ofisi's sale is under way, but did not provide further details. 2018-12-25 · Vitol Group — швейцарско-нидерландская компания, специализирующаяся на торговле нефтью и нефтепродуктами. VETEK Group of Companies Signed a Contract with the Leading International Traders, Vitol and Trafigura, for the Supply of Odessa Oil Refinery Products Brazil has opened an investigation into commodity trading groups Glencore, Vitol and Trafigura over alleged bribery of employees at state-run oil company Petrobras, prosecutors said Wednesday. Prosecutors said bribes from employees of Glencore, Trafigura and Vitol accounted for half of the total graft uncovered, or some $15. Commodity traders investigated in Brazil on suspicions of payments to Petrobras employees Brazil prosecutors alleged on Wednesday that employees at state-owned oil company Petroleo Brasileiro SA received bribes from trading giants Vitol, Trafigura and Glencore in return Glencore, Trafigura and Vitol will face legal repercussions in other jurisdictions, they said. 1m, $6. Vitol's involvement, with Trafigura, in the scandal of dumping high-sulphur fuel in several African countries, is the subject of BankTrack's 2017 briefing, Banks and Dirty Diesel. Under the agreement, Trafigura has agreed to purchase approximately 2018-06-13 · Rising interest rates, cut-throat competition and the greater availability of data of physical oil flows have added to the pressure. Glencore, Trafigura, Vitol sobornó al personal de Petrobras-fiscales de Brasil los fiscales de Brasil alegaron el miércoles que los gigantes de comercio Vitol, Trafigura y Glencore pagó más de Glencore, Trafigura, Vitol bribed Petrobras staff-Brazil prosecutors Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in return for business. Headquartered in Geneva, Trafigura is legally registered in Singapore. Bangladesh said in May it had terminated talks with Trafigura. for their alleged role in a kickback scheme with officials at Petroleo RIO DE JANEIRO/SAO PAULO (Reuters) - Trading giants Vitol, Trafigura and Glencore (LON:GLEN) paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil Trafigura, Mercuria and Vitol said they have zero-tolerance policies for bribery and corruption. Incorporated November 25, 2004. As a result, Vitol was entitled to rely on the force majeure clause in the contract between itself and Trafigura, which operated to prevent Trafigura from making any recovery from Vitol, despite Vitol’s breaches. , …2018-01-16 · Cheniere Energy signed a liquefied natural gas (LNG) sale and purchase agreement (SPA) with Trafigura, one of the world’s largest commodities trading firms. Other: In 2009, Trafigura and lawyers representing about 30,000 Ivorians agreed on a pre-trial settlement to end a class action lawsuit, which had accused it of causing illness by dumping toxic Trafigura and Vitol say the report is misconceived and retailers work within legal limits enforced in the countries. L) paid more than $30 million in bribes to employees at state-owned Brazil prosecutors allege the Glencore (OTCPK:GLCNF, OTCPK:GLNCY), Trafigura and Vitol trading houses paid more than $30M in bribes to Petrobras (NYSE:PBR) employees in return for business, the Trafigura signs second storage agreement with Singapore LNG Corp Under the agreement, which was signed on May 30, Trafigura will have access to 160,000 cubic metres of firm LNG storage capacity on a segregated basis for the next 24 months, they said in a joint statement. UL] and Glencore paid more than $30 million in bribes to employees at state-owned Brazilian company Petrobras in a scheme that may still be going on, prosecutors said on Wednesday. The chain included China Offshore Oil (Singapore) International Pte Ltd (COOSI), who sold to Vitol Asia Pte Ltd, who then sold to Vitol SA, who in their turn sold the Cargo to Trafigura. Trafigura, the Geneva-based commodity trader, has done something remarkable — it's become the largest exporter of oil from Russia shifting some 9 million barrels of crude out of the country in April. 2018-10-02 · Global commodity trader Vitol has hired Roy Kim as a naphtha trader at its Singapore office following the departure of two key traders, three market sources said on Tuesday. De oprichters zijn Claude Dauphin en Eric de Turkheim die daarvoor als oliehandelaren werkten bij Glencore, het bedrijf van Marc Rich 2019-01-03 · Trafigura Group Pte. Brazil has opened an investigation into commodity trading groups Glencore, Vitol and Trafigura over alleged bribery of employees at state-run oil company Petrobras, prosecutors said Wednesday. for their alleged role in a kickback scheme with officials at Petroleo Brasileiro SA to get Trafigura is the third-largest physical commodities trading group in the world behind Vitol and Glencore. UL] and Glencore paid more than $30 million in bribes to employees at Dec 20, 2018 Petrobras said on Thursday it has halted oil and refined products trading with Vitol, Trafigura and Glencore just hours after Brazilian Dec 5, 2018 Commodity traders Glencore, Trafigura and Vitol are under investigation on suspicion of paying bribes to employees of state-controlled oil Dec 5, 2018 at state-owned oil company Petroleo Brasileiro SA received bribes from trading giants Vitol, Trafigura and Glencore in return for business. Trafigura is the third-largest physical commodities trading group in the world behind Vitol and Glencore. " Helsinge's ran a conspiracy -beginning in 2004 according to the ruling- whereby it bribed PDVSA officials to gain real-time access to oil tenders' information, whether for itself, or to pass it along to the likes of Glencore, Trafigura, Vitol, Lukoil, etc. Trafigura appealed. Основана в 1966 году 2018-12-24 · De Vitol Group is een wereldwijd opererend Nederlands handelsbedrijf in grondstoffen. The Vitol Group is a global energy and commodity trading company, involved in exploration and production, refining, terminals, trading, marketing and distribution. UL], Trafigura [TRAFGF. Farringford N. Founded in Rotterdam in 1966, today the company has some 40 offices worldwide and trades over seven million barrels of crude oil and products a day. V. Disclaimer : I work for another commodities trading company, but I’ve met some guys from Trafigura, Vitol, Noble, etc. Vitol has teamed up with unlisted company, Bergh Group, whilst the Phakamisa consortium, in which former Harmony Gold CEO, Bernard Swanepoel, participates has joined forces with Trafigura. and I would assume that the core business remains the same from one company to another. 托克是全球排名前三的贸易商。公司核心工作就是把这些货物从一个地方买入卖到其他地方。 Trafigura is one of the world’s leading independent commodity trading and logistics houses. Spokesmen for Glencore and Trafigura declined to comment. have entered the bidding process for South Africa’s Optimum Coal, a miner under bankruptcy protection that was once RIO DE JANEIRO/SAO PAULO (Reuters) - Leading global oil traders Vitol [VITOLV. UL], Trafigura [TRAFGF. Trafigura got 33 of the cargoes to be delivered in 2015 and 2016, with 16 deliveries planned for this year. Het hoofdkantoor is in …2018-12-28 · Trafigura Beheer ou plus simplement Trafigura est une entreprise de courtage pétrolier et d'affrètement maritime spécialisée dans le courtage et le transport des matières premières. Leading global oil traders Vitol, Trafigura and Glencore paid more than $30m in bribes to employees at state-owned Brazilian company Petrobras in a scheme that may still be going on, prosecutors In West Africa especially, Vitol, Trafigura and Addax & Oryx, ruthlessly exploit weak regulatory standards, and make the local urban populations pay with their health. Time is money. for their alleged role in a kickback scheme 5 Dec 2018 Brazil's Operation Car Wash corruption probe is investigating Glencore, Trafigura and Vitol for allegedly paying millions of dollars in bribes to 5 Dec 2018 Commodity traders Glencore, Trafigura and Vitol are under investigation on suspicion of paying bribes to employees of state-controlled oil 5 Dec 2018 Leading global oil traders Vitol [VITOLV. The Vitol shipment doesn't violate current U. 7 million tons of LNG in the year to Sept. "ANIMAL FARM" "I have never in over two decades seen much in the . The firm has gone from being "a minor player in the Russian oil market [shifting around 1 million The Nigerian National Petroleum Corporation (NNPC) has issued the 2018/2020 crude export contracts to 50 local and international oil traders, including Vitol, Trafigura and Glencore. It is the world's third largest private oil and metals trader after Vitol and Glencore. Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in return for business. is a multinational commodity trading company founded in 1993 that trades in base metals and energy. The major problem identified by Public Eye is the level of sulphur in the fuel. Two of the world’s commodity powerhouses, Vitol and Trafigura, have raised over $10 billion this week, despite rival Glencore’s run-in with investors, which they say shows bankers understand the sector better than bond or equity dealers. Vitol did not, therefore, have any liability to pass on to its FOB sellers, COOSI. academy) on Instagram: “Finally ! “Commodity Conversations: An Introduction to Trading in Agricultural Commodities” is THE…” As more governments look to mimic Chinese-style development finance offerings, the recently signed Nachtigal hydro project financing is a perfect example of why they shouldn't. In response, Trafigura and its rivals such as Vitol, have increased trading volumes to 2017-11-22 · Trafigura, one of the world’s largest independent oil traders, has provided further detail on the scale of its business with national oil companies, revealing $22bn of deals with state-controlled producers in 2016, an almost 2018-03-16 · Vitol Group named Russell Hardy as CEO, replacing Ian Taylor at the helm of the world’s biggest independent oil trader. Pakistan LNG said on Thursday commodity traders Trafigura and Gunvor had made the lowest bids in a tender to supply three cargoes of liquefied natural gas between late January and late February. RIO de Janeiro (Reuters) - Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petrole Commodities traders Vitol and Trafigura have entered the bidding process for South Africa’s Optimum Coal, a miner under bankruptcy protection that was once controlled by the Gupta family. (Bloomberg) -- Commodities traders Vitol Group and Trafigura Group Ltd. Matrix Energy Limited is a wholly indigenous and rapidly growing integrated Oil Marketing and Trading Company in Nigeria. RIO DE JANEIRO/SAO PAULO (Reuters) – Trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil prosecutors said on Wednesday, in a graft scheme they believe is ongoing. 2019-01-05 · RIO DE JANEIRO (Reuters) - As gigantes internacionais Vitol, Trafigura e Glencore estão entre as empresas suspeitas de pagamento de propina a funcionários da Petrobras no âmbito de um esquema de corrupção na área de 2018-11-08 · Vitol, Glencore and Trafigura feature in report by campaign group Global Witness2018-12-05 · RIO DE JANEIRO (Reuters) - As gigantes internacionais Vitol, Trafigura e Glencore estão entre as empresas suspeitas de pagamento de2018-12-05 · RIO DE JANEIRO/SAO PAULO, Dec 5- Trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company. Dangote Industries Ltd. UL] and Glencore paid more than $30 million in bribes to employees at 6 Dec 2018 Brazil has opened an investigation into commodity trading groups Glencore, Vitol and Trafigura over alleged bribery of employees at state-run 5 Dec 2018 Commodity traders Glencore, Vitol and Trafigura are under investigation on suspicion of paying more than $15m (£11. Brasília (AFP) - Brazil has opened an investigation into commodity trading groups Glencore, Vitol and Trafigura over alleged bribery of employees at state-run oil company Petrobras, prosecutors said Wednesday. The probe marked a new phase in Operation Car Wash, an anti-corruption investigation opened in 2014 that To understand Vitol is to gain insight on how the gasoline really gets in your tank and on how the world of big oil is evolving. The trader teamed up with Burgh Group Holdings in 2016 to buy it from the company part-owned by the Guptas. Prosecutors alleged that Vitol, Trafigura, and Glencore paid more than The Nigerian National Petroleum Corporation (NNPC) has issued the 2018/2020 crude export contracts to 50 local and international oil traders, including Vitol, Trafigura and Glencore, THISDAY has Swiss LNG traders Trafigura Pte and Vitol Asia traded an LNG cargo on the Platts JKM Market on Close assessment process in Singapore Thursday, marking the first time ever a physical spot cargo has Commodities traders Vitol Group and Trafigura Group have entered the bidding process for South Africa’s Optimum Coal, a miner under bankruptcy protection that was once controlled by the Gupta This March, a trust for Venezuela’s state oil company sued Glencore, Vitol and Trafigura and other companies for bribery and insider trading, claiming they cheated $5. Trafigura, Mercuria and Vitol said they have zero-tolerance policies for bribery and corruption. Prosecutors say Trafigura, Vitol, Glencore and Mercuria used middlemen as well as their own representatives to execute the corrupt deals with Petrobras insiders. Trafigura Pte Ltd is a Singaporean multinational commodity trading company founded in 1993 that trades in base metals and energy, Las gigantes de la materias primas Glencore, Vitol y Trafigura están entre los grupos investigados por supuestos sobornos a funcionarios de la paraestatal Petrobras en una nueva fase de la megaoperación "Lava Jato" lanzada este miércoles en Brasil. 79% and oil dealer Vitol, each primarily based in Switzerland, and Singaporean oil dealer Trafigura are suspected of paying a complete of about $15 million in bribes, and different buying and selling corporations additionally beneath investigation are suspected of paying a identical quantity, prosecutors stated Wednesday. (EGAS) has awarded six of the nine LNG cargoes it has put out to tender to Swiss traders Trafigura, Vitol, and Gunvor, Reuters reported on Wednesday. Vitol is an energy and commodities company. C'est dans ce secteur l'un des grands 2018-12-24 · Activiteiten. The names of other Explore Trafigura Salaries See Trafigura Hourly Pay, Trafigura Bonuses, or check out salaries for Trafigura Internship or Trafigura Contractor. vitol trafigura RIO DE JANEIRO/SAO PAULO (REUTERS) - Leading global oil traders Vitol, Trafigura and Glencore paid more than US$30 million (S$41 million) in bribes to employees at state-owned Brazilian company Glencore, Vitol and Trafigura are being investigated of bribing employees of the state oil company and middlemen $5. 2018-12-20 · Petrobras said on Thursday it has halted oil and refined products trading with Vitol, Trafigura and Glencore just hours after Brazilian prosecutors charged 12 people in relations to an alleged bribery scheme aimed at 2018-12-05 · RIO DE JANEIRO/SAO PAULO (Reuters) - Trading giants Vitol, Trafigura and Glencore (LON:GLEN) paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil prosecutors said on Wednesday 2017-10-12 · Hi, I just wrote an answer on Trafigura. Ltd. 1. Local companies Seriti Resources and Exxaro Resources expressed interest earlier. Public Eye researchers drew fuel at local pumps in eight countries. That second contract was previously held by Vitol. Het is tevens actief in de exploratie en productie van olie en gas alsook het genereren van elektriciteit. Author: Vitol The Public Eye document entitled “Dirty Diesel” is a highly effective piece of propaganda. L) paid more than $30 million in bribes to employees at state-owned Mercuria, Vitol and Glencore said they would cooperate with the Brazilian investigation, while Trafigura said it was reviewing the allegations. Between them, Vitol, Trafigura, Gunvor and Glencore were involved with 9% of the LNG sold worldwide in 2017, or 27M tonnes. I guess the person who asked had a similar intent so I have answered it in perspective. RIO DE JANEIRO/SAO PAULO (Reuters) - Brazil prosecutors said on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in a graft scheme authorities said they think is ongoing. This isn’t Boies’s first foray in Venezuela. have entered the bidding process for South Africa’s Optimum Coal, a miner under bankruptcy protection that was once controlled by the Gupta family. A free inside look at company reviews and salaries posted anonymously by employees. Prosecutors on Wednesday said the Petrobras employees offered the trading companies issued by the Egyptian Natural Gas Holding Co (Egas). Three of the distribution companies mentioned in the report have responded by Trafigura and other commodity traders including Rotterdam’s Vitol Group, the largest independent oil trader, have re-entered Iran after the U. Glencore said it takes ethics and compliance seriously. Bangladesh casts doubt on Gunvor, Vitol and Exmar FSRU deals Petrobangla focusing on bigger LNG import projects, placing question marks next to traders' vessel plans. Trafigura. Trafigura's involvement, with Vitol, in the scandal of dumping high-sulphur fuel in several African countries, is the subject of BankTrack's 2017 briefing, Banks and Dirty Diesel. Lots of time. Trafigura sources, stores, blends and transports raw materials including oil, refined petroleum products and non-ferrous metals (iron ore and coal). Trafigura sources, stores, blends and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. UL] and Glencore paid more than $30 million in bribes to employees at state-owned Brazilian company Petrobras in a scheme that may Trafigura is among the largest and most active trading houses in the United States. The Nigerian National Petroleum Corporation (NNPC) has issued the 2018/2020 crude export contracts to 50 local and international oil traders, including Vitol, Trafigura and Glencore, THISDAY has learnt. Read more here: answer to Who are the competitors of the company Trafigura? The Trafigura Foundation provides long-term funding and expertise to improve socioeconomic conditions for vulnerable communities around the world. Per the estimates of energy consultancy Wood Mackenzie, Trafigura, Vitol, Gunvor and Glencore have expanded their LNG trading businesses, which account for about 27 Mt of LNG or 9% of total LNG * Glencore to double LNG trading team, trade up to 50 cargoes (Updates with Vitol quote) By Jacob Gronholt-Pedersen SINGAPORE, Sept 17 (Reuters) - Mining and trading giant Glencore is mounting a challenge to Trafigura and Vitol to become the top merchant trader of liquefied natural gas (LNG), as a See Wei Jie is currently a LNG Trader at Trafigura. for their alleged role in a kickback scheme Dec 5, 2018 Brazil's Operation Car Wash corruption probe is investigating Glencore, Trafigura and Vitol for allegedly paying millions of dollars in bribes to Dec 5, 2018 Leading global oil traders Vitol [VITOLV. Leading global oil traders Vitol [VITOLV. Vitol S. A Vitol spokesman said the firm “has a zero tolerance policy in respect of bribery and corruption and will always cooperate fully with the relevant authorities in any jurisdiction in which it operates. Trafigura is one of the world’s leading independent commodity trading and logistics houses. Trafigura是荷兰的公司. A sale could value the business at about $1. “Today’s news should send alarm bells throughout the oil industry. Brazil prosecutors alleged on Wednesday that employees at State-owned oil company Petroleo Brasileiro received bribes from trading giants Vitol, Trafigura and Glencore in return for business. According to the Financial Times, while Trafigura and Vitol are increasing trading volumes to boost earnings and cut costs, trading group Mercuria is banking on “complex structured financing deals to underpin margins or refining”. Otras compañías son investigadas también, pero sus nombres no Brazil has opened an investigation into commodity trading groups Glencore, Vitol and Trafigura over alleged bribery of employees at state-run oil company Petrobras, prosecutors said Wednesday. Brazil’s Operation Car Wash corruption probe is investigating Glencore, Trafigura and Vitol for allegedly paying millions of dollars in bribes to Petrobras employees in return for better terms A Trafigura spokesman said: “Trafigura is a leading supplier to a number of markets in sub-Saharan Africa of refined petroleum products that meet national regulatory requirements for fuel, for Commodity traders Glencore, Trafigura and Vitol are under investigation on suspicion of paying bribes to employees of state-controlled oil company Petrobras in exchange for contracts, in the Vitol, Glencore and Trafigura, which boast combined annual revenues of more than half a trillion dollars, feature in a report by campaign groups Global Witness and Public Eye that uncovers links “Vitol reiterates that it has a zero tolerance policy in respect of bribery and corruption. Trading giants Vitol, Trafigura and Glencore have been accused by Brazil prosecutors to have paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in return for business. One day last spring a Vitol trader in Geneva agreed to buy a cargo of 720,000 barrels of "Urals" crude oil from a seller in Russia. There has been innovation within commodity and trade finance structures as market participants and practitioners get more ambitious with the tools available to them. INTERNATIONAL – Commodities traders Vitol Group and Trafigura Group Ltd. Vitol has been active in LNG trading since 2006 and is now one of the four commodity merchants with a wide range of activities in this segment. We’re at the heart of the global economy. Regrettably, as an objective or meaningful report it falls short. This will be Vitol’s second attempt at acquiring the coal-export allocation. gas - A senior official with the Egyptian Natural Gas Holding Company (EGAS) said the company received offers for a gas import tender from BP, Vitol, Trafigura, Golar LNG, and three other companies. and European Union lifted sanctions imposed over the country’s nuclear program. As many (but not all) banks reduce their paper and physical commodity market activities, it is often suggested that commodity trading firms like Glencore (OTCPK:GLNCY), Vitol, Trafigura and Vitol said in a statement that it has a zero tolerance policy toward bribery and corruption. The names of other Trafigura, Vitol, Gunvor and Glencore are dominating the LNG trading landscape. Investigators Claim Oil Executives Knew Of Petrobras Bribes 00:46. 131 Trafigura reviews. Glencore declined to comment. The company was founded in Rotterdam in 1966 by Henk Viëtor. Trafigura bought and sold 1. A Vitol spokesman said the firm "has a zero tolerance policy in respect of bribery and corruption and will always cooperate fully with the relevant authorities in any jurisdiction in which it operates. The appellant Charterers, Trafigura, were FOB buyers in a chain of contracts for the sale of crude oil. According to Reuters, three leading global oil traders have been accused of bribing employees at a state-owned Brazilian company. Vitol is one of the world’s largest international LPG traders. " Vitol, whose internal leaked accounts value the business at $8bn, is seen as little better, or worse, than other big players like Glencore and Trafigura, but it has had its fair share of scandal Lagos — France's oil giant Total and international trading firms Trafigura and Vitol were among 21 companies handed crude oil term lifting contracts for 2016 by state oil firm Nigerian National Petroleum Corp, NNPC said Thursday. The probe marked a new phase in Operation Car Wash, an anti-corruption investigation opened in 2014 that Vitol, Glencore and Trafigura did tens of billions of dollars in business with Brazil's state petroleum company over the period in question, leaving considerable room for an investigation. The alleged graft was the latest finding of the country's SAO PAULO – Brazil prosecutors alleged on Wednesday that employees at state-owned oil company Petroleo Brasileiro SA received bribes from trading giants Vitol, Trafigura and Glencore in return Vitol, the world’s biggest oil trader, faces a potential scandal over claims it ripped off the people of impoverished Mozambique for critical fuel by at least $80 million last year. On the supply through the western ports in Europe at Trafigura 4th place in the lead - based Vitol Kazakh transit (. According to a report by Reuters, on Wednesday, Brazilian investigators said that 'top executives' of trading giants Vitol, Trafigura and Glencore had full knowledge that their employees paid millions. OMV is said to have agreed on Monday to the sale of the Aliaga fuel storage terminal to a group led by Socar. Recently, Vitol and Glencore, both based in the Netherlands, carried out acquisitions involving gas distribution in Brazil. commodity. Vitol and Trafigura Among Bidders in Petrol Ofisi Sale: SourcesSource: Ship & BunkerPublished on 2016-10-12 Bloomberg reported that commodities traders Vitol Group and Trafigura Group Ltd. and I would assume that the core business 21 Dec 2018 Petrobras Thursday said it has temporarily suspended oil and refined products trading activities with commodities giants Vitol, Trafigura and Brazil’s federal police are investigating oil trading giants Vitol SA, Trafigura AG and Glencore Ltd. 7m) of bribes to the 5 Dec 2018 Brazil's federal police are investigating oil trading giants Vitol SA, Trafigura AG and Glencore Ltd. Our refrigerated long-haul business trades and moves in excess of 5 m tonnes of LPG per year covering each of the major global LPG markets, including Middle East, Asia, Europe, Latin America and the Caribbean. Glencore and Trafigura have both rejected the demand, deeming the amount astronomical. The Vitol Group is one of the largest independent energy trading groups in the world and operates through a global group of companies. Like Trafigura, Total has been present in Angola for a long time and recently has been expanding its footprint in the West African oil producer. for their alleged role in a kickback scheme with officials at Petroleo RIO DE JANEIRO/SAO PAULO, (Reuters) – Leading global oil traders Vitol, Trafigura and Glencore paid more than $30 million in bribes to employees at state-owned Brazilian company Petrobras in a Prosecutors said bribes from employees of Glencore, Trafigura and Vitol accounted for half of the total graft uncovered, or some $15. You have permission to republish this article under a Creative Commons license with attribution to the author and AnonHQ. Vitol was chosen above Exxon to develop a small FSRU by the ageing Sangu gas platform in the Bay of Bengal. Petrobras said it was cooperating with authorities and viewed itself as a victim of the alleged corruption. Trafigura and Gunvor had vied for smaller LNG projects close to Chittagong, an industrial region north of Cox's Bazar. Vitol is a key naphtha market participant, frequently buying Indian spot cargoes and handling deals with end-users, including Asia’s top naphtha importer, Formosa Petrochemical Corp Vitol, Glencore and Trafigura, which boast combined annual revenues of more than half a trillion dollars, feature in a report by campaign groups Global Witness and Public Eye that uncovers links 2018-12-25 · Vitol Group — швейцарско-нидерландская компания, специализирующаяся на торговле нефтью и нефтепродуктами. "The early stages of the investigation are revealing only the tip of the iceberg," said prosecutor Athayde Ribeiro Costa, during a press conference in the Brazilian city of Curitiba, where Operation Car Wash is based. Read more >> A spokeswoman for Trafigura, the second-biggest metals trader and third-largest oil trader behind Vitol and Glencore, declined to comment. Vitol and Trafigura Among Bidders in Petrol Ofisi Sale: Sources OMV is said to have agreed on Monday to the sale of the Aliaga fuel storage terminal to a group led by Socar. Trafigura spokeswoman Victoria Dix and Vitol spokeswoman Andrea Schlaepfer declined to comment on the lawsuit. Trading companies Gunvor International, Trafigura and Vitol Bahrain have qualified for a tender to supply Pakistan with three liquefied natural gas (LNG) cargoes in January and February. Glencore said it takes ethics and compliance News NNPC Selects Vitol, Trafigura, Sahara, Oando, 46 Others For Crude Term Contracts. Dec 6, 2018 Brazil has opened an investigation into commodity trading groups Glencore, Vitol and Trafigura over alleged bribery of employees at state-run Dec 5, 2018 Commodity traders Glencore, Vitol and Trafigura are under investigation on suspicion of paying more than $15m (£11. 1m and $4. 29-00 Trafigura, Mercuria and Vitol said they have zero-tolerance policies for bribery and corruption. In 2017, these four firms traded approximately 27 Mt of LNG - an impressive 9% of total LNG sold worldwide. or European Union sanctions on Iran, which are designed to eventually choke off activities with the Islamic Republic from banking to shipping oil. " There are only about 200 specialists globally, the recruiter estimates, while companies including Vitol SA, Trafigura Beheer BV, BP Plc, Glencore Xstrata Plc and Mercuria Energy Trading SA are Only the world's third largest private commodity trader after Vitol and Glencore. Prior to the current role, Wei Jie has gained in-depth trading operations and risk management experience at Vitol and substantial downstream experience at ExxonMobil. 2 billion Trafigura, the headquarters of which are located in Amsterdam and Lucerne, Switzerland, from a low-profile player in Russia became the largest after the Chinese buyer of Russian oil, reported FT and Reuters. Hi, I just wrote an answer on Trafigura. Salaries. Visitors from banks' compliance departments, media, academia, and law enforcement, are encouraged to donate generously to our efforts. A. have entered the bidding process for South Africa’s Optimum Coal, a miner under bankruptcy protection that was once controlled by the Brazil’s federal police are investigating oil trading giants Vitol SA, Trafigura AG and Glencore Ltd. Prosecutors that the charges against Mariano Marcondes Ferraz, and Marcio Pinto Magalhaes, were the first of many to come against the world’s largest oil traders Vitol SA, Glencore Plc and Petrobras Thursday said it has temporarily suspended oil and refined products trading activities with commodities giants Vitol, Trafigura and Glencore. In 2008, the company had equity of more than $2 billion and a turnover of $73 billion that generated $440 million of profit. No se dieron a conocer los nombres de otras empresas investigadas. have entered the bidding process for South Africa’s Optimum Coal, a miner under bankruptcy protection that was once controlled by the Commodity traders Glencore, Trafigura and Vitol are under investigation on suspicion of paying bribes to employees of state-controlled oil company Petrobras in exchange for contracts, in the Brazil’s Operation Car Wash corruption probe is investigating Glencore, Trafigura and Vitol for allegedly paying millions of dollars in bribes to Petrobras employees in return for better terms RIO DE JANEIRO/SAO PAULO, Dec 5- Trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company. Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over seven million barrels per day of crude oil It said Vitol and Trafigura had “exclusive and un-transparent partnerships” with the NNPC, which had given them over 26 per cent of the market share. Mercuria and Vitol said on Thursday they have zero-tolerance policies for bribery and corruption. RIO DE JANEIRO/SAO PAULO (Reuters) - Leading global oil traders Vitol [VITOLV. 5 million. Hiding behind big brands like Shell and Puma, Vitol, Trafigura and small Swiss companies have been identified as the major players in the unethical business of selling “African Quality” fuel. RIO DE JANEIRO/SAO PAULO—Trading giants Vitol, Trafigura, and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil prosecutors said on (Bloomberg) — Commodities traders Vitol Group and Trafigura Group Ltd. 30 Likes, 2 Comments - SACA TEAM (@shipping. His firm, Boies, Schiller & Flexner LLP, is also defending the nephews of Venezuelan First Lady Cilia Flores in a federal drug-trafficking case. Trafigura, Vitol said among bidders for OMV’s Turkish fuel unit. Trafigura was set up by Claude Dauphin and Dec 5, 2018 Brazil's federal police are investigating oil trading giants Vitol SA, Trafigura AG and Glencore Ltd. The interest from two of 2018-12-25 · Vitol Group — швейцарско-нидерландская компания, специализирующаяся на торговле нефтью и нефтепродуктами. Trafigura Beheer BV is a Dutch multinational commodity trading company founded in 1993 trading in base metals and energy, including oil. Nice guys: collectively, Glencore, Vitol and Trafigura handle around 19m barrels of oil and petroleum products a day — more than 10 per cent of global demand. PDVSA US Litigation Trust v Lukoil, Glencore, Trafigura, Vitol, BAC, EFG, Blue Bank Et Al - USDC SDFL - Originating Complaint - 3 March 2018 - Read book online for free. com. NNPC Selects Vitol, Trafigura, Sahara, Oando, 46 Others for Crude Term Contracts; The Nigerian National Petroleum Corporation (NNPC) has issued the 2018/2020 crude export contracts to 50 local and international oil traders, including Vitol, Trafigura and Glencore. 1m respectively, to secure deals for trading petroleum products and the rental of storage tanks. Headquarters Ocean Financial Centre, 10 Collyer Quay, No. The Nigerian National Petroleum Corporation (NNPC) has issued the 2018/2020 crude export contracts to 50 local and international oil traders, including Vitol, Trafigura and Glencore. ” (Bloomberg) -- Brazil’s federal police are investigating oil trading giants Vitol SA, Trafigura AG and Glencore Ltd. by Amanda Cooper – Two of the world’s commodity powerhouses, Vitol and Trafigura, have raised over $10 billion this week, despite rival Glencore‘s run-in with investors, which they say shows bankers understand the sector better than bond or equity dealers. The A sale could value the business at about 1 2 billion. Vitol was found guilty in 2007 of grand larceny related to the United Nations’ oil-for-food program in Iraq, paying a penalty of $17. Salaries The move is likely to further enrage the central government in Baghdad, but the involvement of two of the world’s largest trading houses, Trafigura and Vitol, […] Tags: Ali al-Dabbagh , Ashti Hawrami , Iraq Oil Exports News , KRG , Kurdistan News , oil contracts , Powertrans , Trafigura , Vitol Glencore and Trafigura have both rejected the demand, deeming the amount astronomical. And for them, Brazil is just one of hundreds of bribe/corruption station. Brazil’s Operation Car Wash corruption probe is investigating Glencore, Trafigura and Vitol for allegedly paying millions of dollars in bribes to Petrobras employees in return for better terms on trading contracts. is a multinational commodity trading company founded in 1993 that It is the world's second largest private oil trader after Vitol and the world's largest private metals trader. UL] and Glencore paid more than $30 million in bribes (Bloomberg) -- Brazil’s federal police are investigating oil trading giants Vitol SA, Trafigura AG and Glencore Ltd. Vitol delivered 3 million tons of the fuel in 2013, according to its website. State-owned company Pakistan LNG said on Wednesday in a tender document it received 11 bids in total. RIO DE JANEIRO/SAO PAULO, Dec 5 (Reuters) - Leading global oil traders Vitol, Trafigura and Glencore paid more than $30 million in bribes to employees at state-owned Brazilian company Petrobras in By Pedro Fonseca and Marcelo Rochabrun. The Vitol Group is a global energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. Whether, as the judge had held, the delay was caused by an unforeseeable force majeure event beyond the reasonable control of Total (for the purpose of the Trafigura/Vitol contract) or beyond their reasonable control (for the purpose of the Vitol/China Offshore contract); 2. As China, India and Brazil have become the new international powerhouses, Vitol, and its rivals Glencore, Trafigura, Gunvor, and Mercuria, have emerged as the powerbrokers pulling the levers of As a result, Vitol was entitled to rely on the force majeure clause in the contract between itself and Trafigura, which operated to prevent Trafigura from making any recovery from Vitol, despite Vitol’s breaches. Spokesmen for the Glencore, Trafigura and Petrobras declined to comment. A partial preliminary list showed 30 companies including the world’s largest energy traders Vitol, Trafigura and Glencore. About us. With its There are only about 200 specialists globally, the recruiter estimates, while companies including Vitol SA, Trafigura Beheer BV, BP (BP/) Plc, Glencore Xstrata Plc and Mercuria Energy Trading SA are expanding their operations to take advantage of surging U. JOHANNESBURG – Commodities traders Vitol Group and Trafigura Group have entered the bidding process for South Africa’s Optimum Coal, a miner under bankruptcy protection that was once controlled by the Gupta family. Trafigura order for VLGC newbuildings linked to StealthGas Trading house Trafigura has secured an order for a pair of VLGC newbuildings at Hyundai Heavy Industries that has been linked to StealthGas. Trafigura takes a new tack Two years after the legal case relating to dumping toxic waste in Ivory Coast was settled, Trafigura, the world's second biggest independent trader after Vitol (it's tied with Glencore for second place), has changed the way it operates in Africa. 7m) of bribes to the 6 Dec 2018 RIO DE JANEIRO/SAO PAULO: Trading giants Vitol, Trafigura and Glencore paid over US$30 million in bribes to employees at state-owned oil 5 Dec 2018 at state-owned oil company Petroleo Brasileiro SA received bribes from trading giants Vitol, Trafigura and Glencore in return for business. Trafigura, Mercuria and Vitol said they have zero A Vitol spokesman said the firm "has a zero tolerance policy in respect of bribery and corruption and will always cooperate fully with the relevant authorities in any jurisdiction in which it Vitol is a key naphtha market participant, frequently buying Indian spot cargoes and handling deals with end-users, including Asia’s top naphtha importer, Formosa Petrochemical Corp INTERNATIONAL - Commodities traders Vitol Group and Trafigura Group Ltd. Expand SINGAPORE, Sept 17 (Reuters) - Mining and trading giant Glencore is mounting a challenge to Trafigura and Vitol to become the top merchant trader of liquefied natural gas, as a market in which Brazil has opened an investigation into commodity trading groups Glencore, Vitol and Trafigura over alleged bribery of employees at state-run oil company Petrobras, prosecutors said Wednesday. Ugolor maintained that the dirty fuel shipped to West Africa by Vitol and Trafigura are known to burn very fast, equally leading to huge economic losses to vehicle owners in the African sub region. Mercuria, Vitol and Glencore said they would cooperate with the Brazilian investigation, while Trafigura said it was reviewing the allegations. . 2 billion from the company by corruptly rigging oil tenders. Trafigura, Mercuria and Vitol said they have zero Three traders in race for Pakistan LNG cargo tender. This haul has launched Trafigura into the position as top independent commodity trader in the LNG market, taking the crown from Vitol (see LNGWM, June ’13). S. and. for their alleged role in a kickback scheme with officials at Petroleo Brasileiro SA to get Commodities traders Vitol Group and Trafigura Group Ltd. 3 million, between 2009 and 2014. have entered the bidding process for South Africa’s Optimum Coal, a miner under bankruptcy protection that was once “Vitol, Trafigura and Glencore are interested in filling up the existing reserve at Padur under the first phase,” said a person aware of the development, requesting anonymity. Figures for this year have yet to be disclosed, said Andrea Schlaepfer, a spokeswoman for the company. The final list could contain between 50 to 60 companies, the sources added. Fitch Ratings-London-03 March 2015: Trading houses such as Glencore, Vitol and Trafigura are likely to report healthy earnings in 2015 as they benefit from volatile oil prices, Fitch Ratings says. have entered the bidding process for South Africa’s Optimum Coal, a miner under bankruptcy protection that was RIO DE JANEIRO/SAO PAULO (Reuters) - Brazil prosecutors said on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in a graft scheme authorities said they think is ongoing. Authorities allege the illicit funds moved through U. Though physical trading, logistics and distribution are at the core of the business, these are complemented by refining, shipping, terminals, exploration and production, power generation, mining and retail businesses. It stated, “Instances show that sales between the NNPC and its two Swiss partners were carried out at prices lower than the market rate. Read more here: answer to Who are the competitors of the company Trafigura? Note: Trafigura has 2018-10-05 · Commodities traders Vitol Group and Trafigura Group have entered the bidding process for South Africa’s Optimum Coal, a miner under bankruptcy protection that was once controlled by the Gupta family. RIO de Janeiro, Dec 5- Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to. Egyptian Natural Gas Holding Co. . 2,183 likes. Out of desperation, SNPC then asked that the two traders and their rival Vitol mount a new oil-backed loan based on a cargo of 950,000 barrels that will be ready by January, and whose market value is around $40 million. Star The Judge further held that, as between Trafigura and Vitol, Vitol were contractually required to comply with the Terminal Procedure Guides and Vitol could only comply with the Guides through the Glencore GLEN, -2. Message to INFODIO readers: investigative journalism, which is what this site does, takes time. Trading desks of oil major BP and merchants Vitol, Gunvor and Trafigura have recorded losses in the tens of millions of dollars each as a result of the “whipsaw” move when the spread reached Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in return for business. UL] and Glencore paid more than $30 million in bribes to employees at state-owned Brazilian Singapore — Swiss LNG traders Trafigura Pte and Vitol Asia traded an LNG cargo on the Platts JKM Market on Close assessment process in Singapore Thursday, marking the first time ever a physical spot cargo has changed hands in the transparent MOC process. RIO DE JANEIRO/SAO PAULO (Reuters) - Trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil prosecutors said on Wednesday, in a graft scheme they believe is ongoing. While Vitol Group chairman Ian Taylor is the most bearish among the top oil traders, seeing Brent Crude at $65 a barrel next year, Trafigura’s chief executive Jeremy Weir is the most bullish and Spokesmen for the Glencore, Trafigura and Petrobras declined to comment. vitol trafiguraTrafigura Group Pte. Vitol, Trafigura and Glencore are among the companies mentioned in Wednesday's statement from the Federal Prosecutors office. The alleged graft was the latest finding of the country's sweeping "Car Wash" investigation La fiscalía considera que los sobornos pagados por empleados de Glencore, Trafigura y Vitol representan la mitad del total de las coimas, o unos 15,3 millones de dólares, entre 2009 y 2014. Our Services. Trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil prosecutors said on Wednesday, in a graft scheme Prosecutors said bribes from employees of Glencore, Trafigura and Vitol accounted for half of the total graft uncovered, or some $15. From the company's own description : Trafigura is one of the world’s leading independent commodity trading and logistics houses. Every day we use our expertise and logistical networks to distribute energy around the world, efficiently and responsibly. Bribe payments were organised from Switzerland / Geneva. and European banks, among others. 30, up from about 800,000 a year earlier, he said. In an interview with El Comercio Newspaper, Villavicencio assured that Petroecuador and the Government, since 2007, have declared war on intermediaries or “traders” of oil and oil products that rule the market for 30 years, such as Vitol , Trafigura and Glencore companies. He said, “Using a common industry practice called blending, Vitol and Trafigura and their conglomerates mix cheap and toxic intermediate petroleum products to produce what the industry calls African Quality fuels. Established in November 2007 as an independent philanthropic entity, the Trafigura Foundation provides long-term funding and expertise to improve socio-economic conditions of vulnerable communities around the world. says it has been in talks with oil traders including Royal Dutch Shell Plc, Vitol Group and Trafigura Group Pte about supplying its 650,000 barrels of crude a day refinery with crude and buying refined products, according to Edwin Devakumar, group executive director at the company. NNPC Tower Ejiofor Alike The Nigerian National Petroleum Corporation (NNPC) has issued the 2018/2020 crude export contracts to 50 local and international oil traders, including Vitol, Trafigura and Glencore, THISDAY has learnt. Other trading companies are being investigated, but their names haven Vitol's chief oil trader Mark Couling and chief Trafigura oil trader Jose Larocca have not been interviewed in the business press. Trafigura and Glencore had no immediate comment. By Pedro Fonseca and Marcelo Rochabrun. The names of other investigated companies were not revealed. Trading companies Gunvor International, Trafigura and Vitol Bahrain have qualified for a tender to supply Pakistan Vitol, the world's largest independent oil trader, received fuel from Iran earlier this month, an Iranian document obtained by Dow Jones Newswires shows. Vitol, Louis Dreyfus, Gunvor, Glencore en Trafigura, alle (op papier) in Amsterdam en Rotterdam gevestigd, behoren tot de grootste bedrijven van Nederland met vele miljarden aan omzet en honderden miljoen winst per jaar. Vitol bought 50 percent of Rodoil in October and Glencore bought 78 percent of Ale Combustiveis this year. Disclaimer : I work for another commodities trading company, but I've met some guys from Trafigura, Vitol, Noble, etc. supplies. Our mission. Trafigura, Mercuria and Vitol said they have zero SINGAPORE, Sept 26 (Reuters) - Western trader Trafigura will lease up to 100,000 cubic metres (cu m) of new clean oil storage capacity in Singapore, pitting it against Vitol as Asia’s largest Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in return Brazil has opened an investigation into commodity trading groups Glencore, Vitol and Trafigura over alleged bribery of employees at state-run oil company Petrobras, prosecutors said Wednesday. Trafigura Beheer BV is a Dutch [3] multinational commodity trading company founded in 1993 that trades in base metals and energy, including oil. Reviews. UL] and Glencore (GLEN. ” Trafigura could not immediately be reached for comment. Trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil prosecutors said on Wednesday, in a graft scheme they believe is ongoing. The suspension comes after 12 traders were charged as part of an alleged bribery scheme connected with the ongoing Operation Car Wash corruption and money laundering scandal, the Financial Times reports. The probe marked a new phase in Operation Car Wash, an anti-corruption investigation opened in 2014 that Trafigura said it was reviewing the allegations. This article (Corporate Greed: BP, Trafigura and Vitol Export Dirty Oil to Africa to Kill People) is a free and open source. Vitol, Trafigura y Glencore están entre las compañías mencionadas en la declaración de la oficina del Procurador Federal. Although mainly a physical oil trader, the Group is now broadly based – with active trading operations in gas, coal, power, non-ferrous metals, derivatives and sugar. We have built a global business on service and performance. RIO de Janeiro (Reuters) - Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in return for business. UL] and Glencore paid more than $30 million in bribes to employees at state-owned Brazilian company Petrobras in a scheme that may Commodities traders Vitol Group and Trafigura Group Ltd. The investigation is part of Brazil’s so-called “Car Wash” investigation into bribes from construction and other companies that was launched in 2014