Vitol Nigeria

Finally I joined Vitol in 2009. Bloomberg reports that Trafigura Group Pte. Elena Skvortsova. The company has since generated a turnover in excess of $1 billion, consulting for such international companies as Addax and Vitol and engaging with such renowned multinationals as Total, Mobil. View Murtala Baloni’s profile on LinkedIn, the world’s largest professional community. Vitol is a private company which is owned significantly by a proportion of its employees, who are known for their culture of privacy and secrecy, from both competitors and the general public. are among nine companies that submitted bids to construct new oil refineries in Nigeria as Africa’s top crude producer seeks to boost output of refined. FUEL TANKER ACCIDENT IN BENUE STATE, NIGERIA. Oil trader, Vitol, has quit a consortium that was set to buy a stake in two Nigerian oil fields from Brazil’s Petrobras its former partner said at the weekend. It was a high stakes game," said a trader familiar with the development. Sources said trading house Vitol had chartered this tanker, as it has a stake in indigenous producer FIRST E&P, which is the operator of the Anyala West oil fields, located in the shallow waters of the Niger Delta. Nigeria’s crude production is nearly 2 million bpd. , (“HVI”), a joint venture owned by Helios Investment Partners (“Helios”), a premier Africa-focused private investment firm and the Vitol. subsidiary agreed to pay $135 million to resolve allegations by the U. Vitol, the world's biggest independent oil trader, declined to comment. Nigeria's leading indigenous Oil and Gas company. Vitol’s culture originated over 50 years ago with our founders and their combination of entrepreneurship, determination to succeed, integrity, hard work and humility. Commodities trader Vitol has signed a 10-year deal with the Nigeria Liquefied Natural Gas (NLNG). He has been a member of Vitol's executive committee since 2007 and was named CEO of the Europe, Middle-East and Africa region in 2017. , said in an interview. Petróleo Brasileiro S. Vitol is part of a consortium that agreed to buy Petrobras’s interests in two major Nigerian oil blocks that produce around 370,000 bpd for $1. Dutch energy company Vitol Holding has had the financial strength rating of its Bermuda captive affirmed as ‘A’ (Excellent) by A. Latest Updates Nila Cold Storage - Pudurpandiapuram Cold Storage Plant. For over 50 years we have used our networks and infrastructure to manage the flow of energy around the world, efficiently and responsibly. Nigeria remains committed to efforts by OPEC and allied producers to regain balance in global oil markets, Timipre Sylva, the country’s minister of state for oil, said. This Block OML 113 is located in the Benin Basin only 24 kilometers south of Lagos, offshore Nigeria. Petrobras officials in return gave Vitol information about its tenders, including the price of the highest bid from competitors. Despite concerns Nigeria’s oil reserves will run out within decades, and against a backdrop of international pressure to cut carbon emissions and invest in renewable energy sources,. FILE PHOTO: A sign is pictured in front of the Vitol Group trading commodities company building in Geneva By Julia Payne LONDON (Reuters) - Global energy trader Vitol has signed a 10-year offtake agreement with Norwegian tyre recycling firm Wastefront for fuel produced from its first plant due to be completed in 2023, the companies said on Friday. Our strong unrivalled heritage, drive to impact lives positively and the influence of our shareholders – Helios Investments, an Africa-focused Nigerian firm; Vitol Group, a leading global supplier of petroleum products and the strong Oando retail brand – contributes to our growing business success. provides Nigerian businesses and dealerships with high-quality technical equipment by well-known German, European and international manufacturers. é uma empresa de capital aberto, cujo acionista majoritário é o Governo do Brasil, sendo, portanto, uma empresa estatal de economia mista. Swiss company Vitol, run out of London, trades some 8 million barrels of oil a day. This sale was earlier announced on 23 December 2016 when Shell signed an agreement to divest its interest in this venture. Support from India, whose tenders regularly provided a solid start to Nigeria's trading month for many years, is less reliable these days. This threadlocker secures and seal bolts, nuts and studs to prevent loosening due to vibration. by Ed Reed 28/11. The projects presented here are voluntarily provided by InterAction members and are not intended to be a complete representation of this donor’s activities. Our market leading position is built upon long-term relationships, on our expertise, market understanding, focus on solutions and reputation for reliability. The Vitol Group is one of the largest and most successful traders in the world's energy marketplace. The company was incorporated in 1990 and operates as a subsidiary of Vitol Holding B. View post tag: Nigeria LNG. Discover more about Vitol Simon Blaydes Work Experience and Education. Vitol Holding SARL has 3 employees at this location and generates $500,310 in sales (USD). 28-- A division of Vitol Group agreed to acquire Petroplus Refining Antwerp and Petroplus Refining Antwerp Bitumen from Petroplus Holdings for $25 million. See the complete profile on LinkedIn and discover Aleksei’s connections and jobs at similar companies. Location Equatorial Guinea will develop the gas megahub in the north of Bioko Island and close to Cameroon and Nigeria. [4] In March. On Monday, reports emerged that Brazilian state-owned oil company, Petrobras, would most likely announce the sale of its stake in Petrobras Africa to global energy and commodities trading company, Vitol. 5 billion Oil Prepay Deal With Vitol and Matrix The federal government has signed a $1. Nigeria seeks oil prepayment: report Nigeria LONDON, November 29, 2017 – The Nigerian National Petroleum Corporation has approached top commodity traders including Glencore, Vitol and Trafigura for a crude prepayment of up to USD 5 billion that would be used for upstream investments, international media reported on Wednesday. Vitol is a private company which is owned significantly by a proportion of its employees, who are known for their culture of privacy and secrecy, from both competitors and the general public. A Vitol-led consortium has a $1. Nigeria needs more naira reform for $1. (Vitol) (at 50. Africa Oil Corp. 4%) worth as much as $2. Vitol's turnover, however, fell to $152 billion in 2016 from $168 billion in 2015 as a result of lower energy prices. NNPC said the companies that won the bids were made up of consortia of 15 companies including Vitol, Trafigura, oil major BP and local downstream companies. 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. If the financing is concluded, the long overdue rehabilitation of the refinery should reduce Nigeria's hefty fuel import bill. Labyet Polaris Nigeria Ltd - Lagos. On May 15, 2018 12:24 am In Energy by Nwafor. 10/05 2018. Le nouveau responsable des activités africaines du. 3 mtpa of liquefied natural gas. 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 and products and, at any time, has 250 ships transporting its cargoes. Programme Programme; Board oversight and governance Board oversight and governance; Key risks Key risks; Training and awareness Training and awareness; Speaking openly and raising concerns Speaking openly and raising concerns. Glencore (L:GLEN) joined with Nigerian listed firm Seplat (LG:SEPLAT) and French firm Maurel & Prom Vitol, Glencore, Shell, Africa Energy declined to comment. Vitol Holding B. SOMO_CISLAC Report Vitol Oil trading is generally characterised by limited transparency and challenging business environments. Under the agreement, the firm would buy 500,000 tonnes of Liquefied Natural Gas, LNG per year starting in October 2021, reports Reuters. Vitol and Eni, the Italian energy While some African countries are large producers of crude, such as Nigeria, Libya and Angola, nearly all of them have to import large quantities of refined fuels. View Fogo Adelowo’s profile on LinkedIn, the world’s largest professional community. The buying consortium comprises Vitol, Vancouver-based Africa oil (AOI. Kindly Share This Story: Vitol’s head of gas and power investments said on Thursday that. Vitol's head of gas and power investments said on Thursday that its future growth will increasingly Brann added that Vitol had been in talks with producers in Nigeria to monetise flared natural gas. 40 PM IST “I think this market is going to be very volatile,” Kho, the president of Vitol Asia Pte. It was a high stakes game," said a trader familiar with the development. Despite concerns Nigeria’s oil reserves will run out within decades, and against a backdrop of international pressure to cut carbon emissions and invest in renewable energy sources,. Maikanti Kachalla Baru is an indigene of Bauchi State. 2019) — A former Petroleo Brasileiro SA oil trader who went by the code name “Phil Collins” told a Brazilian judge he received bribes from Vitol Group to favor the firm in contracts with the crude producer, court documents show. Sam Onukwue To Speak On ASHON Activities and Nigeria's Capital Market Development. See the complete profile on LinkedIn and discover Aleksei’s connections and jobs at similar companies. The latest investigation is an extension of Brazil's six. There are 102 companies in the Vitol Holding SARL corporate family. , and AGM, amongst others. The CFTC, DOJ and Brazilian MPF recently announced the settlement of charges against Houston-based energy and commodities trading firm Vitol, Inc. Thanks to this innovative solution, we are able to use the Northern Sea Route via the Bering Strait in the summer without the assistance of ice-breakers, meaning it takes half the time to ship cargo between Sabetta and Asia than it would along the route via Europe. Vitol SA is lifting the gas for export to the US. Vitol and Seplat Petroleum are among nine companies bidding to construct new oil refineries in Nigeria as Africa's top crude producer seeks to boost output of refined fuel and end its dependence on. Vitol, on transaction completion, will own 100 percent of VALT, the bitumen joint venture it established with Sargeant Marine in 2016, according to the press release. Vitol, çok bilinen bir şirket değil, fakat petrol ticaretinde dünyanın en büyük özel şirketi konumunda. March 2020. A consortium led by top oil trader, Vitol, has entered exclusive talks to acquire stakes in Nigerian offshore fields that are held by Brazil’s Petrobras and its partners. Nikita Vitol. are among nine companies that submitted bids to construct new oil refineries in Nigeria as Africa’s top crude producer seeks to boost output of refined. VITOL AVIATION Aviation News May 2018 - Following Vitol’s investment in OVH Energy (OVH), Vitol Aviation is working with OVH’s aviation division and can now provide jet fuel to its international customers at Lagos, Abuja and Kano in Nigeria. Navgas aims to provide cleaner fuels for emerging gas-to-power projects across the whole of West Africa. Nigerian trader Matrix confirmed its participation in the deal. Vitol Address, Phone number, Email, Website, Reviews, Contacts, Location. 5 billion prepayment deal with Standard Chartered and backed by oil traders Vitol Group and Matrix Energy. 70 LITRES AT 15 C 51, 930, 700 METRIC TONS (AIR) 35, 970 LONG TONS 35, 402. Mar 12, 2018 conversely, demand for 0. He also chairs the board of Vitol Nigeria, which is a subsidiary of the Swiss-based Vitol Group, a multinational energy and commodity trading firm. 407 billion. Vitol has signed a sale and purchase agreement (SPA) with Nigeria LNG (NLNG), for some production from Trains 1, 2 and 3. y maikifi oil and gas company limited a. Olam is a leading food and agri-business operating across the value chain in more than 60 countries, supplying various products to more than 25,000 customers worldwide. See full factsheet. Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year. oil company Chevron Corp and Anglo-Dutch. Vitol has signed a contract of affreightment with NIDAS Shipping Services to ship gasoline to Nigeria during the second quarter as part of its crude-for-product. He obtained his West African School Certificate in 1978 from the Federal Government College Jos and later bagged a First Class Honours in Mechanical Engineering from Ahmadu Bello University, Zaria in 1982. More production from OPEC will be. Vitol will also pay back the Commodity Futures Trading Commission (CFTC) over $12. Corruption is a major hurdle to doing business in Kazakhstan according to the 2017 OECD anti-corruption network report External link. Via their exports of refined petroleum from the ports of Amsterdam and Rotterdam, companies such as the Dutch Vitol, the largest gasoline trader in the world, are responsible are systematically dumping toxins on West-African countries. [ Sopra Consultant at Vitol Group Headquarters ] As business analyst and developer I worked on a new IT solution for Vitol's new activity in Tank Terminal Storage. Günlük ham petrol ticareti 5 milyon varilin üzerinde. The Vitol Group is a Swiss-based and Dutch-owned multinational energy and commodities company, with operations focused on Geneva, London, Houston and Singapore. 14th December, 2015 Nibrewnews Q1 Edition 2015. This month, Vitol secured more than 23 percent of Turkey’s retail market after it agreed to buy Petrol Ofisi from Austrian oil firm OMV Varo in central Europe and OVH in Nigeria. Apply for Jobs at ExxonMobil. In 2018, GNPC continued to manage its interests in various petroleum licenses in Ghana’s sedimentary basins. 10th Floor, St Nicholas House, Catholic Mission Street, Lagos. 02/07 2019. Last year, however, Vitol pulled out of the venture with Africa Oil Corp. He also found that Vitol were in breach of s. Vitol Central Asia currently exports all of the oil from the Ayrankol Field exploited by the company Kaspyi Oil – which in turn is 100% owned by Timur Kulibayev. lagos, Nigeria. Oando PLC (“Oando” or the “Group”), Nigeria’s leading indigenous energy group, listed on both the Nigerian and Johannesburg Stock Exchange, has announced a $210 million recapitalization of its downstream operations by HV Investments II B. Vitol has signed a sale and purchase agreement (SPA) with Nigeria LNG (NLNG), for some production from Trains 1, 2 and 3. 02 VITOL ENERGY 03A WARM WELCOMEThe Vitol Group exists to help meet the energy 6. 0000 naira) Reporting by Julia Payne in London and Libby George in Lagos; editing by Barbara Lewis. Vitol, Shoreline trade oil for financing Nigeria LAGOS, January 18, 2018 – Vitol Group has agreed to pay Shoreline Group USD 530 million to finance the development of an oilfield in exchange for access to part of the output, the Nigerian company announced Thursday. Oil trader Vitol silent about its activities in high-risk Nigeria Oil trader Vitol is one of the world’s biggest companies, yet its operations have largely remained under the radar. 10/05 2018. Jul 7, 2017 support from traders. Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to boost the volume of its Liquefied Natural Gas by 500,000 tonnes per annum from 2021. Rembrandt Insurance Company is a single parent captive and has delivered an average five-year adjusted return on capital of 17%. The deal involves a stake in some of two deepwater exploration blocks that are among Nigeria’s largest and lowest-cost fields. Vitol was among a consortium interested in buying the Nigerian oil fields from Brazil’s Petrobras but the former has now backed out of the deal. Afren plc is operating EBOK oil fields in OML 67. Nigeria’s crude production is nearly 2 million bpd. [9] In March. The Ministry of Mines and Hydrocarbons of Equatorial Guinea and Vitol have signed a Strategic partnership and Cooperation. Oil trader Vitol has quit a consortium that was set to buy a stake in two Nigerian oil fields from Brazil's Petrobras, its former partner said on Friday. jimi olukayode bada, jca. President and CEO, Vitol, Ian Taylor said: "This investment underlines our commitment to Nigeria. , said in an interview. 407 billion. Between 1981 and 1989, he was with International Merchant Bank Nigeria Limited and held positions as General Manager, Assistant General Manager, Head of. We spend 35% of our foreign exchange on importing petroleum products. TO) and Delonex Energy, an Africa-focused oil company backed by private equity fund Warburg Pincus and the International Finance Corporation (IFC. It found that global companies. He worked at several blue-chip financial institutions within Nigeria and abroad holding various senior management positions. Nigeria's crude production is nearly 2 million bpd. At a time of increasing volatility and uncertainty this blog seeks to provide an analysis of the effect the global energy markets have on business in Nigeria, their relationship with OPEC and how local policy decision making affects investment opportunities. ca/a/213/2010. The Company's most targeted sectors include energy Join Mergr and gain access to Vitol Holding B. See the complete profile on LinkedIn and discover Kabu’s connections and jobs at similar companies. (11) AMNI owns two oil blocks OML 112 and OML 117 which it runs Afren plc and Vitol has substantial stakes in oil blocks. Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year. 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 and products and, at any time, has 250 ships transporting its cargoes. Consortium of Africa Oil, Delonex and Vitol announces acquisition of producing assets in deepwater Nigeria 2018_10_31-Vitol-Consortium-Nigeria-Press-Release. Sea Tankers Nigerian-based PPP Fluid Mechanics Limited (PPPFM) and Vitol Group from the Netherlands have jointly launched a new bunkering operation in Nigerian waters backed by the. Vitol-Group News: Vitol Marine Fuels Acquires Sinanju Tanker Holdings, Vitol And KOMIPO Sign LNG Pact, Petronas, Vitol Asia Pact For LNG Supply Deal, Big Oil Nigeria's PPPFM is fully licensed. gasstrategies. subsidiary agreed to pay $135 million to resolve allegations by the U. OFAC administers a number of different sanctions programs. Discover more about Vitol Simon Blaydes Work Experience and Education. 08/03 2018. The deal provides OPEC-member Nigeria with much-needed cash after its finances were hit by the oil price crash in April as COVID-19 lockdowns erased nearly one third of global oil demand. A consortium comprising Helios Investment Partners and The Vitol Group has reached an The new business will be the second largest downstream company in Nigeria, with a market share of 12 per. In July, global energy trader Vitol and Nigerian firm Matrix backed by banks agreed to lend NNPC $1. Noble Americas to Cut 150 Employees Ahead of Vitol Sale. Vitol and Seplat Petroleum are among nine companies bidding to construct new oil refineries in Nigeria as Africa's top crude producer seeks to boost output of refined fuel and end its dependence on. Since the scheme was introduced in 2016, replacing a programme that paid subsidies to importers, NNPC has said it had saved the nation $2. The winners are, BP Oil International Limited/Aym Shafa Limited, Vitol SA/Calson-Hyson, Totsa Total Oil Trading SA/Total Nigeria Plc, Gunvor International B. His Excellency Gabriel Mbaga Obiang Lima. A company you want to apply to has asked you to send in a CV and you're thinking, "wait. Vitol confirms no plans to proceed London — Canada-based Africa Oil Corp said Friday it will buy all Petrobras' stakes in producing assets in Nigeria after trading house Vitol and Delonex Energy walked away from a $1. , and AGM, amongst others. Responsible for Upstream /Midstream and Downstream activities of VITOL GROUP IN GHANA Responsible for Upstream /Midstream and Downstream Lagos Nigeria with the Gulf of Guinea Division from. Oando PLC (“Oando” or the “Group”), one of Nigeria’s leading indigenous energy groups, listed on both the Nigerian and Johannesburg Stock Exchange, has announced a $210 million recapitalization of its downstream operations by HV Investments II B. Vitol inks 10-year deal with Nigeria LNG December 13, 2019 Africa , Company News , Natural Gas , News 0 Energy and commodities trading company Vitol has signed a 10-year liquefied natural gas (LNG) supply and purchase agreement for an undisclosed price with Nigeria LNG (NLNG), Kallanish Energy reports. over three billion dollars. Petrobras is expected to make a decision by the end of May. We learned of the deceased through the following tribute posted on social media. 18, sellers had almost a dozen November loaders still to sell, including four cargoes of Bonny Light, three of Qua and two of Forcados. Vitol Safety Nigeria shop on Jiji. Oando CEO Wale Tinubu Oando, a leading Nigerian oil and gas firm, has raised $210 million from HV Investments to recapitalize its downstream operations, according to a statement released on the Nigerian Stock Exchange on Monday. Via their exports of refined petroleum from the ports of Amsterdam and Rotterdam, companies such as the Dutch Vitol, the largest gasoline trader in the world, are responsible are systematically dumping toxins on West-African countries. cividalecity. " Africa Oil CEO Keith Hill commented, "We are very pleased to be able to join Vitol and Delonex in acquiring an interest in these established, low unit cost, producing assets, with additional appraisal and development upside, that are operated by some of the best companies in the. It said Vitol had chartered the tanker as it has a stake in indigenous producer FIRST E&P, which is the operator of the Anyala west oil fields, located in the shallow waters of the Niger Delta. FEATURE: Nigeria's oil revival unlikely in 2021 without major reforms **Production slumps to four-year low in 2020 **COVID-19 threw Nigeria's oil industry into turmoil **Sector anxiously awaits passage of PIB in 2021. We are dedicated to providing safe and effective products that help people supplement their lives. Located north of Bioko Island and close to countries such as Cameroon and Nigeria, the Gas Megahub project facilitates a cross-border link with gas projects in those countries and opens the door for establishing new hubs to service the region. is engaged in energy and commodities operation. Vitol United Kingdom www. Vitol declined to comment on the story. This highlights Oando’s relevance in the downstream sector, its operational strength, and renewed confidence in the Nigeria’s long term economic viability. Vitol business profile on BusinessList. The CFTC asserted that from 2005 to early 2020, Vitol engaged in manipulative and deceptive conduct involving foreign corruption and physical and derivatives trading in the U. It has bought petrol stations through a joint venture with local producer company Oando and private equity fund Helios and participated in government. Encuentre a sus clientes, obtenga información de contacto y detalles acerca 4161 de envíos. At Nigeria LNG. “The volume we trade means. Large cave. Tony Attah, managing director and chief executive officer of NLNG, and Pablo Galante Escobar, Global Head of LNG, Vitol S. firm, General Electric (GE) and Nigerian traders, Sahara Group and MRS Oil Nigeria Plc and would refurbish Warri refinery in southern Delta state and the refinery in northern Kaduna state, the sources said. Vitol is a private company which is owned significantly by a proportion of its employees, who are known for their culture of privacy and secrecy, from both competitors and the general public. Commodities trader, Vitol, has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year, ramping up its long-term presence on the market. Finance In 1998 Belo-Osagie became the chairman of the board of directors of The United Bank for Africa Plc (the "UBA"), one of the largest commercial banks in Nigeria. 1 billion pounds) prepayment deal led by Standard Chartered and backed by oil traders Vitol Group and Matrix Energy, two sources close to the matter said, the first such agreement since the coronavirus pandemic. Total Nigeria Plc is a Marketing and Services subsidiary of Total; a multinational energy company operating in more than 130 countries and committed to providing sustainable products and services for its customers. The Vitol Group is a Swiss-based and Dutch-owned multinational energy and commodities company, with operations focused on Geneva, London, Houston and Singapore. Pat Utomi to Speak on Leadership, Communication and Economic Management In Nigeria. Vitol said in a statement that Hardy joined the firm in 1993 and held a number of trading and management roles in Singapore and London. 5 billion prepayment deal led by Standard Chartered and backed by oil traders Vitol Group and Matrix Energy. Elena Skvortsova. Reuters said that Nigeria is seeking partnerships with the big trading merchants, either Glencore, Vitol, and Trafigura, and that Standard Chartered was hired to advise on the oil prepayment. Nigeria’s efforts to diversify its economy and reduce dependency on oil exports are being held back by long-standing difficulties in obtaining financing, according to a central bank official. 5 billion cash-for-crude prepayment loan with the world’s top biggest independent oil trader Vitol Group and Nigeria’s Matrix Energy, a decision that comes with huge implications for Afric. OMV'den yapılan açıklamaya. Vitol Bahrain E. An audio message from a man identifying himself as the leader of Nigeria's Boko Haram said on Tuesday that the Islamist group was responsible for the kidnapping of more than 300 students from an. See the complete profile on LinkedIn and discover Kabu’s connections and jobs at similar companies. Vitol looks forward to continuing to grow and invest in Nigeria. Maurel, Famfa and Seplat did not respond for requests for comment. Exclusive: Nigeria in $1. Jul 7, 2017 support from traders. Vitol-Group News: Vitol Marine Fuels Acquires Sinanju Tanker Holdings, Vitol And KOMIPO Sign LNG Pact, Petronas, Vitol Asia Pact For LNG Supply Deal, Big Oil Nigeria's PPPFM is fully licensed. WiLAT NIGERIA is established to encourage professionalism and career progression of Women in Logistics and Transport. The initiative ensured that Vitol has ever since held an unrivalled position in Nigeria. Vitol business profile on BusinessList. The purchase will add another 1,700 outlets to Vitol's portfolio of 3,000 stations acquired through investments in the last few years in Viva Energy in Australia, Vivo Energy in Africa, Varo in central Europe and OVH in Nigeria. Vitol, çok bilinen bir şirket değil, fakat petrol ticaretinde dünyanın en büyük özel şirketi konumunda. (Bloomberg, Sabrina Valle and Andy Hoffman, 25. Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to boost the volume of its Liquefied Vitol's deal with NLNG is somewhat a response to competitors' activities in the market. Commodity houses, including Vitol rivals Trafigura and Gunvor, are increasingly expanding their traded spot cargo volumes with multi-year LNG deals as a global push for cleaner energy helps the market grow and mature. Delonex News Delonex News. 5bn prepayment deal led by Standard Chartered and backed by two oil traders, Vitol Group and Matrix Energy, Reuters reported on Tuesday. Nigeria's state oil firm NNPC has signed a $1. Lagos, Nigeria operations officer sahara group limited ‏أغسطس 2004 - Terminal Operator VTTI (VITOL Tank Terminals International), Fujairah, UAE. Vitol, Glencore, Shell, Africa Oil declined to comment. Bekijk het profiel van Sophie Boutopoulos op LinkedIn, de grootste professionele community ter wereld. Posted On: September 14, 2015. 5 bln World Bank loan, country director says. An audio message from a man identifying himself as the leader of Nigeria's Boko Haram said on Tuesday that the Islamist group was responsible for the kidnapping of more than 300 students from an. it Vitol Team. Róterdam y alrededores, Países Bajos Nigeria. The company’s Head of Gas and Power Investments, Steven Brann, disclosed this yesterday […]. Category: Vitol. Vitol Grubu Yatırımlar Bölümü Başkanı ve Petrol Ofisi Yönetim Kurulu Başkanı Javed Ahmed de yaptığı açıklamada, "Markamızı dinamikleştirmek, bayi ilişkilerimizi güçlendirmek, iş yaptığımız kuruluşlara ve. 350 tane ortağı olan vitol, eğer borsada işlem görüyor olsaydı, fortune 500 listesinde, chevron ve toyota'nın önünde, 7. rano nigeria limited a. Maurel, Famfa and Seplat did not respond for requests for comment. Total Nigeria Plc is a Marketing and Services subsidiary of Total; a multinational energy company operating in more than 130 countries and committed to providing sustainable products and services for its customers. Glencore and Vitol are hopeful that this deal would guarantee them future access to quality crude oil for years for many years to come. 53 billion has. /AY Maikifi Oil & Gas Company Limited. cividalecity. It is important to note that Vitol Central Asia is a subsidiary of Ingma, therefore the above-mentioned « joint venture » refers to Ingma (the partnership between Oilex and Vitol). com is Nigeria’s number one online marketplace for all safety and industrial tools. 5 billion purchase alone after Vitol and Delonex Energy pulled out of the deal to buy half of Petrobras. The company operates in trading, logistics and distribution including refining, shipping, terminals, exploration and production of crude oil. An audio message from a man identifying himself as the leader of Nigeria's Boko Haram said on Tuesday that the Islamist group was responsible for the kidnapping of more than 300 students from an. 5 billion prepayment deal led by Standard Chartered and backed by oil traders Vitol Group and Matrix Energy. He also found that Vitol were in breach of s. Nigeria's Bonny Light is a sweet crude with a density of 35 API degrees, produced by several foreign companies at the Niger Delta basin, including U. Under the deal, the consortium will buy a 50 percent share in Petrobras Oil and Gas B. Vitol, the world's biggest independent oil trader, declined to comment. Near the end of last year, Vitol signed deals with Petronas and Tellurian for the combined supply of 2. Via their exports of refined petroleum from the ports of Amsterdam and Rotterdam, companies such as the Dutch Vitol, the largest gasoline trader in the world, are responsible are systematically dumping toxins on West-African countries. Vitol is reportedly offering 4 million barrels of Nigeria’s Qua Iboe grade that it has been storing in facilities in Saldanha Bay on the southwestern coast of South Africa, Bloomberg sources say. Vitol said in a statement that Hardy joined the firm in 1993 and held a number of trading and management roles in Singapore and London. We are delighted to be a part of this exciting initiative,” said Russell Hardy, Group CEO of Vitol. The deal provides OPEC-member Nigeria with much-needed cash after its finances were hit by the oil price crash in April as COVID-19 lockdowns erased nearly one third of global oil demand. é uma empresa de capital aberto, cujo acionista majoritário é o Governo do Brasil, sendo, portanto, uma empresa estatal de economia mista. 44 per cent Operator, Vitol 35. bribery investigation, according to a letter seen by Reuters. LONDON, March 10 (Reuters) - From Pakistan to Turkey, the world's largest independent oil trader Vitol is betting on a spike in gasoline and diesel demand in young and growing nations by snapping up filling stations that disappointed oil companies are prepared to sell. Brazil’s Petroleo Brasileiro SA has sold its 50% stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader Vitol for $1. Vitol and Seplat Petroleum are among nine companies bidding to construct new oil refineries in Nigeria as Africa's top crude producer seeks to boost output of refined fuel and end its dependence on. Oando PLC is one of Africa’s largest integrated energy solutions provider with a proud heritage. Together we can make Nigeria safe for everyone. FEATURE: Nigeria's oil revival unlikely in 2021 without major reforms **Production slumps to four-year low in 2020 **COVID-19 threw Nigeria's oil industry into turmoil **Sector anxiously awaits passage of PIB in 2021. Last year, another report by BD says Nigeria lost billions of dollars through this deliberate undervaluing of its crude by the NNPC. Bunkering service provision has been started in Nigeria's waters, which is supported by West African organization Secure Anchoring Territory, as reported by PPPFM and its technical partner Vitol, the. conoil plc – appellant(s) and. Vitol has 40 offices worldwide and its. 40 PM IST “I think this market is going to be very volatile,” Kho, the president of Vitol Asia Pte. The plant’s processed gas will be transported through a pipeline for storage aboard the FPSO, Berge Okoloba Tor. pdf « Back to Latest News. This combination of very high potential gains and opacity surrounding oil sales have proved conducive to corruption and fraud. Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year starting in October 2021. ng Try FREE online classified in Amuwo-Odofin today!. , the Master Distributor for AtHand Solutions (Makau) in Nigeria and Africa, was established in 1987 and since engaged in IT (Information Technology) providing…. The Carlyle Group and Vitol Group have announced a transaction to establish Varo Energy B. Maurel, Famfa and Seplat did not respond for requests for comment. It is a private company consisting of all Vitol's major assets in Fujairah Refinery Company Limited Middle East and have several refining. Vitol sells 7 million barrels of crude per day and petroleum products to petroleum groups, multinationals, industrial enterprises, chemical industries as well as the world’s biggest airlines. The Ministry of Mines and Hydrocarbons of Equatorial Guinea and Vitol have signed a Strategic partnership and Cooperation. 02 VITOL ENERGY 03A WARM WELCOMEThe Vitol Group exists to help meet the energy 6. 5 billion prepayment deal led by Standard Chartered and backed. Nigeria National Petroleum Corporation. Swiss traders’ opaque deals in Nigeria. Olam is a leading food and agri-business operating across the value chain in more than 60 countries, supplying various products to more than 25,000 customers worldwide. 12(2)(b) of the Sale of Goods Act 1979 (relating to quiet possession) on the grounds that, as the Vessel was prevented from leaving Nigeria once. The new position will be based in Singapore. Hence, membership of CILT is a prerequisite for new members aspiring to. In 2018, GNPC continued to manage its interests in various petroleum licenses in Ghana’s sedimentary basins. Bunkering service provision has been started in Nigeria's waters, which is supported by West African organization Secure Anchoring Territory, as reported by PPPFM and its technical partner Vitol, the. A Call to Action of Presidential Task Force on the need for Farmers Support During COVID-19 We, members of civil society and non-government agricultural stakeholders, write to express our concern regarding recent efforts to strengthen the economy following the outbreak of COVID-19 pandemic in Nigeria. Nigeria's Oando has agreed to sell a 60 percent stake in its downstream business to Vitol and Helios Investment Partners for $276 million, the energy company said on Tuesday. Discover more about Vitol Simon Blaydes Work Experience and Education. Vitol’s head of LNG Pablo Galante Escobar and NLNG’s managing director Tony. The initiative ensured that Vitol has ever since held an unrivalled position in Nigeria. Vitol SA is lifting the gas for export to the US. Vitol E&P is also a member of the consortium exploring OML 113 in Nigeria. He worked at several blue-chip financial institutions within Nigeria and abroad holding various senior management positions. How to Write a CV (Curriculum Vitae). Vitol Group, the world's largest independent energy trading company, has confirmed that it is involved in exclusive discussions to buy all of Shell's retail and distribution units in 19 African. Nigeria's crude production is nearly 2 million bpd. Their joint venture will acquire 51 percent of the voting rights and a 60 percent interest in Oando’s downstream unit, the two companies said Tuesday. Commodity houses, including Vitol rivals Trafigura and Gunvor, are increasingly expanding their traded spot cargo volumes with multi-year LNG deals as a global push. Nigeria seeks oil prepayment: report Nigeria LONDON, November 29, 2017 – The Nigerian National Petroleum Corporation has approached top commodity traders including Glencore, Vitol and Trafigura for a crude prepayment of up to USD 5 billion that would be used for upstream investments, international media reported on Wednesday. Based on this false claim, he refused to pay the company. Technological marvels, ice-class LNG carriers can reliably and regularly transport large shipments of Arctic LNG to consumer hubs. , (“HVI”), a joint venture owned by Helios Investment Partners (“Helios”), a premier Africa-focused private investment firm and the Vitol. Senior Accountant in Transocean, Lagos Nigeria with the Gulf of Guinea Division from December 2010 - April 2012. 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. WiLAT NIGERIA is established to encourage professionalism and career progression of Women in Logistics and Transport. 5 billion cash-for-crude prepayment loan with the world’s top biggest independent oil trader Vitol Group and Nigeria’s Matrix Energy, a decision that comes with huge implications for Afric. Matrix, an indigenous oil trader, confirmed its participation in the deal while Vitol, the world’s biggest independent oil trader, declined to comment. Auf LinkedIn können Sie sich das vollständige Profil ansehen und mehr über die Kontakte von Eugenia Sara Seijas Fernández und Jobs bei ähnlichen Unternehmen erfahren. Plans by Petrobras, Brazil state-owned oil firm to sell 50 percent stake in its Nigerian oil and gas exploration joint venture, JV, with BTG Pactual Exploration and Production for $1. Vitol trades with all the major national oil companies, the integrated oil majors and the independent refiners and traders. Technological marvels, ice-class LNG carriers can reliably and regularly transport large shipments of Arctic LNG to consumer hubs. PPPFM and Vitol Team Up on Bunkering Operation in Nigeria Nigerian-based PPP Fluid Mechanics Limited (PPPFM) and Vitol Group from the Netherlands have jointly launched a new bunkering operation in Nigerian waters backed by the Secure Anchorage Area (SAA) West Africa. According to reports by Reuters, Vitol is expected to shoulder the largest part of the investment, spending an estimated $1bn. com is Nigeria’s number one online marketplace for all safety and industrial tools. The company was founded in 2002 and is a trusted name in Health and Beauty. Ghana National Petroleum Corporation 11. Chris Joly is Director-Production & Exploration at Vitol Group. 7B float of its Australian refinery and fuel supply network Viva Energy. The Nigerian National Petroleum Corporation has signed a $1. Vitol and Matrix will each get 15,000 barrels per day (bpd) of crude as repayment over five years, starting in August. Besides Vitol, Semino has worked in Cargill and Coeclerici Spa. The company was incorporated in 1990 and operates as a subsidiary of Vitol Holding B. Oil trader Vitol silent about its activities in high-risk Nigeria Oil trader Vitol is one of the world’s biggest companies, yet its operations have largely remained under the radar. On Monday, reports emerged that Brazilian state-owned oil company, Petrobras, would most likely announce the sale of its stake in Petrobras Africa to global energy and commodities trading company, Vitol. This Block OML 113 is located in the Benin Basin only 24 kilometers south of Lagos, offshore Nigeria. Murtala has 4 jobs listed on their profile. A Vitol-led consortium has agreed to acquire a Petrobras' offshore fields in Nigeria for $1. It has a primary listing on the Nigeria Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. Vitol inks 10-year deal with Nigeria LNG December 13, 2019 Africa , Company News , Natural Gas , News 0 Energy and commodities trading company Vitol has signed a 10-year liquefied natural gas (LNG) supply and purchase agreement for an undisclosed price with Nigeria LNG (NLNG), Kallanish Energy reports. Trade sources revealed to Reuters that the destination of the cargo is Europe, probably Spain. Vitol Safety Nucleus Nigeria provides a wide range of quality safety equipment, goods and services including safety maintenance and personal safety tools. Nigerian trader Matrix. Adnoc LNG has signed a six-year supply agreement with Vitol for the sale of 1. Contracting Company. Vitolsafety. Sophie heeft 7 functies op zijn of haar profiel. Vitol chairman Ian Taylor Death – Dead : Ian Taylor Obituary : Cause of Death Unknown. Oil major BP (BP. Avusturya merkezli enerji şirketi OMV'nin yüzde 100 hissesine sahip olduğu Petrol Ofisi'ni 1 milyar 368 milyon avroya Hollandalı Vitol Group'a satmaya karar verdiği açıklandı. Vitol was among a consortium interested in buying the Nigerian oil fields from Brazil’s Petrobras but the former has now backed out of the deal. With the agreement completed on Thursday, Vitol will make funds available to Shoreline to further develop OML 30 in Nigeria’s oil-rich Delta region as well as refinance existing debt. Vitol looks forward to continuing to grow and invest in Nigeria. 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 and products and, at any time, has 250 ships transporting its cargoes. by Ed Reed 01/11/2019. Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year, ramping up its long-term presence on the market. Vitol Safety Nigeria Last seen 2 hrs ago Akwa Ibom State, Essien Udim, Region #23 Prudence Plaza, Tools & Hardware Center Ojo Tradefair Complex Lagos 07089297227. It was a high stakes game," said a trader familiar with the development. So rich that the date of December 3, 2020 could forever mark its history. This will involve the supply of 500,000 tonnes per year for 10 years, starting in October 2021. Italian oil and gas company Eni considers that the Public Prosecutor’s requests for conviction of the company its former and current CEOs and the managers involved in the Nigerian bribery case related to the OPL 245 license are completely groundless. Eni, Vitol and GNPC signed MOU to develop OCTP Blocks One day - One News Eni, Vitol and GNPC to develop Ghana offshore gas Eni from Italy, Vitol from Switzerland and the National Oil […]. In 2018, GNPC continued to manage its interests in various petroleum licenses in Ghana’s sedimentary basins. Vitol noted that it has set sights on further growth as it signed a number of long-term marketing and supply deals with market participants. Vitol Safety Nigeria is No 1 online e-commerce interactive site for safety equipment, construction machines, laboratory equipment. 407Billion, is on a cash and debt free basis as of the effective date of 1st January 2018 (the “Effective Date”). Vitol chairman Ian Taylor has died, according to a statement posted online on June. 5bn prepayment deal led by Standard Chartered and backed by two oil traders, Vitol Group and Matrix Energy, Reuters reported on Tuesday. Vitol is a Dutch energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. Market participants said the main losers from the developments in the West African market will be refiners. Commodity houses, including Vitol rivals Trafigura and Gunvor, are increasingly expanding their traded spot cargo volumes with multi-year LNG deals as a global push for cleaner energy helps the market grow and mature. It has bought petrol stations through a joint venture with local producer company Oando and private equity fund Helios and participated in government. How to Write a CV (Curriculum Vitae). 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, and retail businesses. Glencore and Vitol are hopeful that this deal would guarantee them future access to quality crude oil for years for many years to come. Sophie heeft 7 functies op zijn of haar profiel. Vitol business profile on BusinessList. Vitol is part of a consortium that agreed to buy Petrobras’s interests in two major Nigerian oil blocks that produce around 370,000 bpd for $1. Petrobras officials in return gave Vitol information about its tenders, including the price of the highest bid from competitors. Minister of Mines and Hydrocarbons. Key activities and responsibilities are summarized in the top section. what?" Don't worry! Curriculum Vitae (CV) means "course of life" in Latin, and that is just what it is. 5 billion purchase alone after Vitol and Delonex Energy pulled out of the deal to buy half of Petrobras Oil and Gas, known as Petrobras. While the financial details of the deal weren’t disclosed, the deal would help NLNG remarket volumes from existing production lines at its Bonny Island plant with a number of. Vitol's turnover, however, fell to $152 billion in 2016 from $168 billion in 2015 as a result of lower energy prices. Woermann (Nigeria) Ltd. Norwegian shipping magnate John Frederiksen, who controls Golden Ocean, decided in April to appoint a new CEO of the carrier. 02 VITOL ENERGY 03A WARM WELCOMEThe Vitol Group exists to help meet the energy 6. Auf LinkedIn können Sie sich das vollständige Profil ansehen und mehr über die Kontakte von Eugenia Sara Seijas Fernández und Jobs bei ähnlichen Unternehmen erfahren. Adnoc LNG has signed a six-year supply agreement with Vitol for the sale of 1. com is Nigerian's No 1 online e-commerce interactive site for safety equipment,. Luke Ofojebe to Speak on Developments In Nigerian Equities Market. 69 billion standard cubic feet of gas between November 2016 and November 2017. Bunkering service provision has been started in Nigeria's waters, which is supported by West African organization Secure Anchoring Territory, as reported by PPPFM and its technical partner Vitol, the. 407 billion. 4 billion pounds), several. A spokesman for Standard Chartered declined to comment. 5 billion prepayment deal led by Standard Chartered and backed by oil traders Vitol Group and Matrix Energy. Globally Vitol trades over 5 million barrels of crude oil and oil products per day and revenues in 2012 were $303 billion. Italian oil and gas company Eni considers that the Public Prosecutor’s requests for conviction of the company its former and current CEOs and the managers involved in the Nigerian bribery case related to the OPL 245 license are completely groundless. A house that operates in the shadows where its competitors, Trafigura, Glencore or Total, have opted for more transparency. The new position will be based in Singapore. Vitol has signed a sale and purchase agreement (SPA) with Nigeria LNG (NLNG), for some production from Trains 1, 2 and 3. vitolsafety. 2018 - aujourd’hui 2 ans 10 mois. Commodity houses, including Vitol rivals Trafigura and Gunvor, are increasingly expanding their traded spot cargo volumes with multi-year LNG deals as a global push. Large cave. Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tons of LNG per year, ramping up its long-term presence on the market. it produces three 6' and two 9' block respectively capacited to produce 1000pcs of 6' block or 1500pcs of 9' blocks per 8hrs. Vitol, çok bilinen bir şirket değil, fakat petrol ticaretinde dünyanın en büyük özel şirketi konumunda. 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. According to Department of Justice, Vitol has admitted to paying bribes amounting to $8million to Petrobras executives between 2005 and 2014. Oando PLC is one of Africa’s largest integrated energy solutions provider with a proud heritage. Adnoc LNG has signed a six-year supply agreement with Vitol for the sale of 1. shashi has 1 job listed on their profile. Vitol cargo claim against Teekay’s Magellan Spirit heads for Nigeria UK court rules on jurisdiction for hearing one of the actions relating to LNG carrier grounding 10 March 2016 18:00 GMT. Over the years, Vitachem has become a major producer, importer and distributor of Food Additives, Chemicals and Industrial raw materials to manufacturers in Nigeria and Africa. Discovered in 1996, the Aje oil and gas field has left its license owners, YFP, Chevron, Vitol and Jacka since then in front of numerous challenges to be developed. Under the agreement, the firm would buy 500,000 tonnes of Liquefied Natural Gas, LNG per year starting in October 2021, reports Reuters. This listing includes periodic SEC reports and publications. Managing Director April 2011 – July 2017 6 years 4 months. Vitol Oct 2016 - Present 4 years 4 months. Commodity houses, including Vitol rivals Trafigura and Gunvor, are increasingly expanding their traded spot cargo volumes with multi-year LNG deals as a global push. Read full article at Reuters. 11/06 2019. " Last week, Ian Taylor, CEO for Vitol, predicted that rising U. This will involve the supply of 500,000 tonnes per year for 10 years, starting in October 2021. localizada en United States. The West African crude market typically sees cargoes of Nigerian and Angolan change hands in back-to-back deals outside the Platts window, a system widely used by the industry to price crude. We spend 35% of our foreign exchange on importing petroleum products. 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, and retail businesses. Kabu has 5 jobs listed on their profile. The Nigerian Liquefied Natural Gas (NLNG) has signed LNG Sales and Purchase Agreement (SPA) with Vitol SA for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3. The OCTP Integrated Oil and Gas Project is made up of Eni 44. vitolsafety. In July, global energy trader, Vitol and Nigerian firm, Matrix, backed by banks, agreed to lend NNPC $1. For occasional reports on current trends and issues facing the securities industry, choose “Special Studies” from the “Category” field below. A civil society organisation, Africa Network for Environment and Economic Justice (ANEEJ) yesterday accused two Switzerland companies, Vitol and Trafigura of engaging in nefarious activities by. 5 billion cash-for-crude prepayment loan with the world’s top biggest independent oil trader Vitol Group and Nigeria’s Matrix Energy, a decision that comes with huge implications for Afric. Nigeria's reliance on crude oil receipts is total. Tel: 234-1-2702400 E-mail: [email protected] Its strong underwriting results are demonstrated by a five-year combined ratio of …. com This is an external link, for which VesselsValue is not responsible. – respondent(s) representation. According to Department of Justice, Vitol has admitted to paying bribes amounting to $8million to Petrobras executives between 2005 and 2014. Its purpose is to strengthen the link between civil society and the legislature through advocacy and capacity building for civil society groups and policy makers on legislative processes and governance issues. More than 300 firms agree to work together to help the hundreds of thousands of sailors stuck due to COVID restrictions. 69 billion standard cubic feet of gas between November 2016 and November 2017. , said in an interview. A Vitol-led consortium has agreed to acquire a Petrobras’ offshore fields in Nigeria for $1. A Vitol-led consortium has agreed to acquire a Petrobras' offshore fields in Nigeria for $1. Vitol and Matrix will each get 15,000 barrels per day (bpd) of crude as repayment over five years, starting in August. Let’s use whatever we have locally and add value. An oil deal worth $530 million has been concluded between Nigerian firm, Shoreline, and European trading house, Vitol. 6 million reais ($44. Brazil’s Petroleo Brasileiro SA will sell its 50 percent stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader Vitol for $1. Oil trader Vitol said it has quit a consortium that was set to buy a stake in two Nigerian oil fields from Brazil’s Petrobras, its former partner said at the weekend Africa Oil said it would conclude the $1. For occasional reports on current trends and issues facing the securities industry, choose “Special Studies” from the “Category” field below. The weak rule of law in many oil-producing countries has contributed to violent conflicts over the. It is a private company consisting of all Vitol's major assets in Fujairah Refinery Company Limited Middle East and have several refining. By January 2021, 50 female entrepreneurs and startup owners with investment potential will be selected for the 4-month pre-incubation program starting in February 2021. Vitol, a top Swiss trading company, owns 49 percent of Calson. Commodities trader Vitol has committed to buy 0. This will involve the supply of 500,000 tonnes per year for 10 years, starting in October 2021. The new developments also signal that Brazil's landmark Car Wash probe may be far. The gas will be fracionated at Mont Belvieu, Texas until Global's fracionator is completed in December. Rembrandt Insurance Company is a single parent captive and has delivered an average five-year adjusted return on capital of 17%. In addition, it has global refining, retail, storage and logistics businesses. rano nigeria limited a. Africa Oil said it would conclude the $1. Nigeria’s crude production is nearly 2 million bpd. VITOL AVIATION Aviation News May 2018 - Following Vitol’s investment in OVH Energy (OVH), Vitol Aviation is working with OVH’s aviation division and can now provide jet fuel to its international customers at Lagos, Abuja and Kano in Nigeria. (POGBV) for $1. The company was incorporated in 1990 and operates as a subsidiary of Vitol Holding B. Vitol Corporation, , Bilimora, Gujarat - Established in 2009, we are Wholesaler of Lamination Adhesive, Aluminium Foil Jumbo Rolls, Laminated Paper Plate Material , Aluminium Foil Containers and. 06 VITOL ENERGY 07GLOBAL REACHVitol's global reach means we have apresence and local. Oando PLC (“Oando” or the “Group”), Nigeria’s leading indigenous energy group, listed on both the Nigerian and Johannesburg Stock Exchange, has announced a $210 million recapitalization of its downstream operations by HV Investments II B. Ayo Teriba to Speak on Nigeria and The Trilemma Of Debt, Revenue and Liquidity. Maurel, Famfa and Seplat did not. The sales and purchase agreement was signed on Dec. The projects presented here are voluntarily provided by InterAction members and are not intended to be a complete representation of this donor’s activities. Luxembourg HR Proximate Services Advisor at The Shell Petroleum Development Company Of Nigeria Ltd. Sam Onukwue To Speak On ASHON Activities and Nigeria's Capital Market Development. 7B float of its Australian refinery and fuel supply network Viva Energy. Vitol's top competitors are Mercuria, Varo Energy and Trafigura. is based in Singapore. Vitol, the world's largest independent oil trader, will lead a $530m oil-for-loan deal with a Nigerian energy company as the commodity house helps to extend large financing facilities to private players. 75 mtpa of. Their joint venture will acquire 51 percent of the voting rights and a 60 percent interest in Oando’s downstream unit, the two companies said Tuesday. He has a Master of Engineering from Imperial College, London. There are 102 companies in the Vitol Holding SARL corporate family. We are Vivo Energy, the company that distributes and markets Shell and Engen branded fuels and lubricants to retail and commercial customers in Africa. More than 300 top shipping, mining and trading companies say they plan to work together to help hundreds of thousands of merchant sailors stuck on ships for many months due to COVID-19 in a […]. With an exemplary safety and project management track record and a seasoned team of experts, Zircon provides comprehensive, reliable and cost-effective marine transportation and logistics solutions in Nigeria and across West Africa. Commodity houses, including Vitol rivals Trafigura and Gunvor, are increasingly expanding their traded spot cargo volumes with multi-year LNG deals as a global push. Vitol Corporation, , Bilimora, Gujarat - Established in 2009, we are Wholesaler of Lamination Adhesive, Aluminium Foil Jumbo Rolls, Laminated Paper Plate Material , Aluminium Foil Containers and. Responsible for Upstream /Midstream and Downstream activities of VITOL GROUP IN GHANA Responsible for Upstream /Midstream and Downstream Lagos Nigeria with the Gulf of Guinea Division from. Kindly Share This Story: Vitol’s head of gas and power investments said on Thursday that. This sale was earlier announced on 23 December 2016 when Shell signed an agreement to divest its interest in this venture. Furthermore, the Nigeria National Petroleum Corporation (NNPC) stated in its Monthly Financial and Operations Report for November 2017 1 that oil companies operating in the country flared a total of 301. 407 billion. His Excellency Gabriel Mbaga Obiang Lima. View shashi suvarna’s profile on LinkedIn, the world’s largest professional community. Visiting address 23 Michael Ibru Boulevard. The terminal will be used for blending and storage of crude oil, petroleum and petrochemical products and will have initial capacity of 750,000 cubic metres. European trading house Vitol has reached a $530 million deal with Nigeria's Shoreline to finance an oilfield in exchange for access to some of the 50,000 barrels per day (bpd) of oil it produces, the. HOUSTON, Oct. Nigeria's state oil firm NNPC has signed a $1. Swiss company Vitol, run out of London, trades some 8 million barrels of oil a day. Our strong unrivalled heritage, drive to impact lives positively and the influence of our shareholders – Helios Investments, an Africa-focused Nigerian firm; Vitol Group, a leading global supplier of petroleum products and the strong Oando retail brand – contributes to our growing business success. Vitol’s head of LNG Pablo Galante Escobar and NLNG’s managing director Tony. The DOJ’s action is the “first ever coordinated resolution with the CFTC in a foreign bribery case,” said Daniel Kahn, Acting Chief. Vitol, on transaction completion, will own 100 percent of VALT, the bitumen joint venture it established with Sargeant Marine in 2016, according to the press release. Delonex News Delonex News. Vitol confirms no plans to proceed London — Canada-based Africa Oil Corp said Friday it will buy all Petrobras' stakes in producing assets in Nigeria after trading house Vitol and Delonex Energy walked away from a $1. STALLION GROUP PREFERS TOTAL LUBRICANTS. ” For decades, the country has imported petrol from abroad in eye-watering swap deals with traders including Vitol, Gunvor and Trafigura and oil majors like Total and BP. Key activities and responsibilities are summarized in the top section. At present, it can claim to have more assets in Africa than its leading rival, Glencore E&P, subsidiary of the Glencore trading concern. Vitol’s current portfolio includes storage assets in Latvia, The Netherlands, Russia, Argentina, and Fujairah in the United Arab Emirates, together with projects nearing completion in Nigeria and the US. ” The agreed base purchase price of $1. Read full article at Reuters. mountains, environment concept. No 23, Prudence Building, Hardware and Tools center, Lagos Mainland, Lagos, Nigeria. ’ Africa Oil CEO Keith Hill commented: ‘We are very pleased to be able to join Vitol and Delonex in acquiring an interest in these established, low unit cost, producing assets, with additional appraisal and development upside, that are operated by some of the best companies in the industry. (Bloomberg) -- Shoreline Group, a Nigerian oil producer, plans to almost double its crude output after agreeing a $530 million finance deal with Vitol Group and local lenders. 10/05 2018. Bloomberg reports that Trafigura Group Pte. With the agreement completed on Thursday, Vitol will make funds available to Shoreline to further develop OML 30 in Nigeria’s oil-rich Delta region as well as refinance existing debt. “Nigeria imports 90% of it’s petroleum products. During this period, I was responsible for two semi-submersible Rigs and a Jack-up Rig that worked for customers including Shell Nigeria, Chevron Nigeria and Exxon Mobil Nigeria. Nigeria National Petroleum Corporation (NNPC) has signed a $1. Vitol E&P is also a member of the consortium exploring OML 113 in Nigeria. Trump uncertainty, doubt over output cut to take oil prices on a bumpy ride: Vitol 06 Feb, 2017, 03. Alejandra Velasco Esteire Bunker Trader. what?" Don't worry! Curriculum Vitae (CV) means "course of life" in Latin, and that is just what it is. /AY Maikifi Oil & Gas Company Limited. Vitol is an energy and commodities company whose primary business is the trading and distribution of energy products globally. Oil major BP has clashed with rival Vitol in the Nigerian crude market, buying up cargoes and taking a big derivative position that may have raised costs for European refiners, according to Reuter. provides Nigerian businesses and dealerships with high-quality technical equipment by well-known German, European and international manufacturers. In 2012, Microsoft commissioned a study (available as a. Nigeria LNG (NLNG) and Vitol signed a LNG Sale and Purchase Agreement (SPA) for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3. Africa Oil said the deal will go ahead. Founded in 1968, C. Eni, Vitol and GNPC signed MOU to develop OCTP Blocks One day - One News Eni, Vitol and GNPC to develop Ghana offshore gas Eni from Italy, Vitol from Switzerland and the National Oil […]. 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. Vitol and Mozambique's ENH Join Forces to Trade LNG, LPG 300 x 181 jpeg 9 КБ. cividalecity. Notes: Former Petroplus Refining Antwerp NV and Petroplus Refining Antwerp Bitumen NV was purchased in 2009 by Vitol. Condition: New with tags. We are Vivo Energy, the company that distributes and markets Shell and Engen branded fuels and lubricants to retail and commercial customers in Africa. We operate in 23 countries across North, West, East and Southern Africa where we have a network of over 2,000 service stations. Vitol Safety, Lagos, Nigeria. Vitol looks forward to continuing to grow and invest in Nigeria. Vitol has two head offices in Netherlands and Switzerland. The Company is listed on the. Vitol was among a consortium interested in buying the Nigerian oil fields from Brazil’s Petrobras but the former has now backed out of the deal. This enabled Vitol to bid at prices favourable to itself. Vitol-led consortium buys Petrobras' Nigerian assets for $1. Under the deal, the consortium will buy a 50 percent share in Petrobras Oil and Gas B. The first group comprised the world’s largest oil trader, Vitol, with Italy’s Saipem, U. 7B float of its Australian refinery and fuel supply network Viva Energy. Vitol Plans Liquefied Petroleum Gas Foray in Kazakhstan 750 x 254 jpeg 31 КБ. View post tag: Nigeria LNG. Vitol and Matrix will each get 15,000 barrels per day (bpd) of crude as repayment over five years, starting in August. Sehen Sie sich das Profil von Eugenia Sara Seijas Fernández im größten Business-Netzwerk der Welt an. Maurel, Famfa and Seplat did not. Vitol, the world's biggest independent oil trader, declined to comment. Vitol has a long history of investing in Africa and participating in Nigeria’s energy sector. LONDON, March 10 (Reuters) - From Pakistan to Turkey, the world's largest independent oil trader Vitol is betting on a spike in gasoline and diesel demand in young and growing nations by snapping up filling stations that disappointed oil companies are prepared to sell. The DOJ’s action is the “first ever coordinated resolution with the CFTC in a foreign bribery case,” said Daniel Kahn, Acting Chief. 56 per cent and GNPC 20 per cent. 19/09 2019. His Excellency Gabriel Mbaga Obiang Lima. A new report by SOMO and CISLAC sheds light on Vitol’s activities in the high-risk oil sector of Nigeria, questions the company’s lack of transparency and failure to comply with international standards for responsible business conduct, and calls for new legislation to hold companies like Vitol accountable for the impact of their activities abroad. Encuentre a sus clientes, obtenga información de contacto y detalles acerca 4161 de envíos. Nigeria’s crude production is nearly 2 million bpd. gasstrategies. Vitol is a Dutch energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. Puma Retail puts customers first by offering the products and services they want, when they want them and at competitive prices. FILE PHOTO: A sign is pictured in front of the Vitol Group trading commodities company building in Geneva By Julia Payne LONDON (Reuters) - Global energy trader Vitol has signed a 10-year offtake agreement with Norwegian tyre recycling firm Wastefront for fuel produced from its first plant due to be completed in 2023, the companies said on Friday. (“NewAge” or the “Company”) has completed the acquisition from Vitol E&P Limited (“Vitol”) of its interests in two major upstream appraisal and development projects: MLHP 5, 6 & 7 (Etinde) in Cameroon and OML 113 (Aje) in Nigeria. ” The agreed base purchase price of $1. For over 50 years we have used our networks and infrastructure to manage the flow of energy around the world, efficiently and responsibly. According to a Reuters report, the Vitol-led group emerged as winners from a number of firms and consortiums that bid for the assets in two initial rounds.