Vitol Revenue

Michael has 3 jobs listed on their profile. Following the transaction, VTTI will be owned 10% by ADNOC, 45% by IFM Global. 6 million barrels a day, or 178Mt. Its revenue is around $100 - 500M. Butane is a liquefied petroleum gas that qualifies for a federal excise tax credit for alternative fuel mixtures, Vitol has told a Texas federal court in asking to be granted a $8. It is the world's second largest private oil trader after Vitol and the world's largest private metals trader. Lunch with the FT Best of Lunch with the FT 2018. The rises in output and revenue have benefitted state coffers, allowing the government’s Petroleum Holding Fund to distribute some $277. Joint venture. About Vitol, Inc. See the complete profile on LinkedIn and discover Matthew. View All Locations. A better year was 2006, when Vitol got a boost from selling a refinery and earned $2. In light of the seriousness of these violations and the lack of effort by Respondents to remedy their violations, we find that it is appropriate to assess civil penalties pursuant to section 316A of the FPA3 in the following amounts: $1,515,738. 77 billion) and A$3. Anon I agree with Wayne that the cost of freight is a COGS item, not SG&A (it is a trading item, not a selling/general/admin expense). EBITDA, which we see as the most accurate measure of operating performance since it strips out investment gains and impairments, was USD1,628 million, down 13 percent on the 2015. • Enhanced payroll system. Friday, 3 August, 2018. As one of largest oil and gas companies in the world, they had their highest. Our data undergoes extensive quality assurance testing with over 2,000 discrete checks for validity and reliability. Recently, FERC issued an Order to Show Cause why Vitol Inc. Gasoline volumes, however, decreased by 22. LONDON: Vitol´s 2015 revenue fell 38 percent to $168 billion in "challenging" market conditions, the commodity trader said on Tuesday. 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. MISC and Vitol Join Forces (Malaysia) MALAYSIAN shipping company MISC Berhad and Dutch energy trader Vitol have formed a strategic partnership to vertically integrate their… Source: The Chemical Engineer, June 8, 2010;. In the third quarter. 7, for each Gas Year, the Transportation Statement published by National Grid NTS will include the formula for the NTS Optional Capacity Charge. Total earned revenue of $143. Bank of China and HSBC were also underwriters. and its co-director of financial transmission rights trading should not be found to have engaged in market manipulation by selling physical power in CAISO at a loss to eliminate expected losses on Vitol’s Congestion Revenue Rights. Physical trading, logistics and distribution are at the core of the business, but are complemented by refining, shipping, terminals, exploration and production, power generation, mining and retail businesses. Vitol Energy Limited has transferred 4,632,803 ordinary shares to Seplat Petroleum Development Company Plc. Africa Oil said. Jeffrey has 4 jobs listed on their profile. We invent, build and invest in startups with the world's most influential companies. 37m income $110m dividends (Hume, 2014). See the complete profile on LinkedIn and discover Max’s connections and jobs at similar companies. Mar 12, 2015 · Revenue for Vitol fell to its lowest level in four year. Vitol-backed Varo Energy and GoodFuels are stepping up their biofuel drive for shipping. Hascol, Vitol Dubai enter $42 million financial arrangement Syed Ali — July 22, 2019 add comment KARACHI: Vitol Dubai Limited (VDL) has agreed to provide financial facility of $42 million to Hascol Petroleum Limited, an announcement said on Monday. / Unique Entity Number: 199601595D TRAFIGURA PTE LTD (the "Business") is a Private Company Limited by Shares, incorporated on 7 March 1996 (Thursday) in Singapore. Look through our quarterly annals to see performance overviews, press releases, and more investor information. Vitol has 40 offices worldwide and its largest operations are in Geneva, Houston, London, and Singapore. Vitol Increases U. Founded in 1974, South Africa's Woolworth Holdings secured a controlling interest in Country Road in 1998. Groupe Auchan SA 6. Nancy has 4 jobs listed on their profile. Supported by an office staff of specialists in pharmacy, nursing, quality management, franchise development, and revenue cycle management, the owner of your local Vital Care Pharmacy will provide the most progressive infusion services to each and every patient. View Max Bulk's profile on LinkedIn, the world's largest professional community. Net income fell to $1. full-time for more than 5 years Pros - Above market compensation (only if you look at the total package) - Getting to work with capable people, there's absolutely no room for incompetence - even if you're young and inexperienced - Great place to be after establishing your career (but not anytime before that. In 2018, Royal Dutch Shell, also known simply as Shell, had a total revenue amounting to 388. Its revenue is around $100 - 500M. ROTTERDAM, March 24, 2017 - While it shipped greater volumes of crude and products last year, Dutch multinational Vitol reported a 9. ul] * Founded in 1966, and had revenue of around $143 billion in 2009. Vitol's 2016 revenue fell 9. to eliminate congestion that they expected to cause losses on Vitol’s congestion revenue rights (CRRs). crude oil following the lifting of the export ban late last year. Founded in 2006, we currently offer 9. • Enhanced payroll system. The head office of Greenfields is located at 211 Highland Cross Dr. This list comprises the world's largest companies by consolidated revenue as of 2019, according to the Fortune Global 500 latest tally published on July 22, 2019. LONDON (Reuters) - Commodity trader Vitol's [VITOLV. With the prioritization of the recovery of operating expenses and Galoc Phase 2 development costs and the eventual recovery of the remaining historical costs, we expect our revenue interest in. 5 mln for alleged power manipulation FERC said it assessed civil penalties of $1,515,738 against Vitol and $1 million against Federico Corteggiano, one of Vitol's traders. Vitol Group CEO on Oil Prices, Venezuela and OPEC - Video - BNN. annual stock financials by MarketWatch. This IPO was the largest in the LSE in 2018 and saw the founding shareholders, Vitol and Helios , raise GBP 548 million. 5 million m3) of combined storage capacity, much of which is in locations that are complementary to Adnoc’s trade flows. The Virgin Islands Water and Power Authority has voted to approve an agreement with the Vitol Group to supply propane for energy generation in the territory. Vitol Singapore Pte Ltd is a foreign company incorporated on 07 December 2011. The North Sea has provided more than £300bn in tax revenue to the. As at end-June, Boustead Holdings had deposits, cash and bank balances of RM781 million, while on the other side of its balance sheet, it had short-term debt commitments of RM4. 3 million in annual sales. Vitol Group CEO on Oil Prices, Venezuela and OPEC - Video - BNN. This is a list of the world's largest non-governmental privately-held companies by revenue. 7% from 44Mt in 2016 to 34Mt in 2017, while LPG volumes also declined. Haskell, George D. Improve quality, production, and become the envy of your competition. said that it has entered into a US$30 million revenue advance facility with Vitol Inc. , Suite 250 Houston, Texas 77073. Robert Viola Director, Legal and Compliance at Vitol Inc. Trafigura Beheer B. Rather, it has been able to assert its dominance over the industry following years of unparalleled oil trading services. GENEVA, Feb 28 (Reuters) - Vitol, the world's biggest oil trader, reported revenues that topped $300 billion for the first time in 2012, while its profit margin was under increasing pressure. EBITDA, which we see as the most accurate measure of operating performance since it strips out investment gains and impairments, was USD1,628 million, down 13 percent on the 2015. Vitol executive says oil market not seeing expected destocking Bake told the S&P Global Platts Crude Oil Summit on Thursday that while oil inventories were shifting, with cargoes moving from the Atlantic Basin into Asia, the overall drawdown that many hoped for amid OPEC-led production cuts had not yet materialised. Record Revenue. With operations in 5 geographic locations, TransMontaigne Partners L. NEW YORK, Dec. Vitol, which is already in Boustead Petroleum, could also be interested, but this remains unsubstantiated. Date Proceedings and Orders (key to color coding); Jan 02 2018: Petition for a writ of certiorari filed. The agreement with Vitol is far more profitable than the two mines’ existing supply agreements with state-owned utility Eskom. The authority has been struggling to troubleshoot and fix ceaseless power outages territory-wide; it has been struggling to pay its debtors such as VITOL; and WAPA, which charges its customers the. 04 trillion in full-year 2018. S A Vitol employs approximately 100 people at this branch location. net dictionary. Vitol is an active member of global jet fuel product quality and handling forums. Guy has 2 jobs listed on their profile. In 2012, Vitol reportedly had to pay HM Revenue & Customs to settle a claim for millions of pounds in taxes its senior staff allegedly avoided through an offshore pay scheme known as an employee. It is classified as operating in the Petroleum & Petroleum Products Merchant Wholesalers industry. IN14-4-000, Order to Show Cause and Notice of Proposed Penalty, 168 FERC ¶ 61,013 (July 10, 2019) Proposed Civil Penalty of $6,000,000 against Vitol, and $800,000 against Frederico Corteggiano, and Disgorgement of $1,227,143, plus interest, against Vitol Inc. Our Raglan Mine was recently honoured with the ‘Champion – Nord-du-Québec Region’ for the 3rd consecutive year at a gala recognizing employment creators in the province of Quebec, Canada – a fine recognition of their economic contribution to the northern region. Gasoline volumes, however, decreased by 22. I would like to answer this question with the help of three data sources. Vitol in deal with Gupta business - report | Fin24. , in a complaint filed Tuesday with the U. The biggest private oil trader in the world is also Switzerland's second largest company; in 2017 its revenue was US$181 billion. What does Vitol mean? Information and translations of Vitol in the most comprehensive dictionary definitions resource on the web. This organization primarily operates in the Petroleum Products, nec business / industry within the Wholesale Trade - Nondurable Goods sector. We use cookies to serve personalized content and targeted advertisements to you, which gives you a better browsing experience and lets us analyze site traffic. 11 Vitol, Inc. LONDON, Feb 21 (Reuters) - The world's leading oil trader, privately-held Vitol, said revenues surged to a record $297 billion in 2011 and that it is looking to expand further in oil storage and. is poised to increase its stake in Pakistan fuel retailer Hascol Petroleum Ltd. 5 million cu m), owns storage facilities in Fujairah with 1. It is classified as operating in the Petroleum & Petroleum Products Merchant Wholesalers industry. 59 billion barrels in 2016. Vitol Holding BV’s annual revenue in 2017 was boosted by the rising oil prices along with crude oil and product trading, which increased year-on-year to 3. 8 million tax. It was also reported that Vit­ol was “in talks” with Her Majesty’s Revenue & Customs (HMRC) “over a tax-avoidance bill”. 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 and end its dependence on imports, Bloomberg reports. The plot was uncovered by lawyers and a former Scotland Yard detective they hired to investigate, according to the complaint. This statistic illustrates Tesco's revenue worldwide from 2016/2017 to 2018/2019, by region. As part of the deal that kicked off in February last year, Vitol would load up to 2. More LONDON (Reuters) - Commodity trader Vitol's [VITOLV. and an individual engaged in violations of the Commission’s prohibition on energy market manipulation by selling physical power at a loss in the California Independent System Operator’s market in order to eliminate congestion that they expected to cause losses on Vitol’s congestion revenue rights. And has 350 unknown very lucky share holders. 8 million tax. These problems add to the existing burdens that earned the authority's senior revenue bonds ratings of Caa1 from Moody’s Investors Service and CCC from Fitch Ratings. Swiss-based oil trader Vitol has bought and sold Iranian oil despite a Western ban, a new report claims. About Vitol Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over 6mbpd of crude oil and products and, at any time, has 200 ships transporting its cargoes. Four banks underwrote the $3bn prepayment facility for Swiss commodity trader Vitol to buy oil from Kazakhstan's KazMunaiGas (KMG). As for recognition, I think you need to recognize the freight revenue and cost together (and at the time that you earn the revenue-so look at your shipping terms). Vitol has a deal pending to purchase a stake in Petrobras' prized Nigerian oilfields. Vitol's 2016 revenue fell 9. LNG is enjoying more rapid growth with about $150 billion in revenue last year, according to McKinsey Energy Insights. Houston, Texas Area Oil & Energy 4 people have recommended Robert. The Vitol Group today announced in an emailed statement is has launched Viva Energy Australia (Viva Energy) following the completion of its acquisition of Shell's Australian downstream business. LNG shipper MISC said it has agreed to sell its 50 percent stake in VTTI to Vitol Group for US$830 million. Recently, FERC issued an Order to Show Cause why Vitol Inc. 2 Leticia B. See the complete profile on LinkedIn and discover Marshal’s connections and jobs at similar companies. Vitol Group paid a record of more than $1. 15 million shares in Viva Energy, raising between 2. Physical trading, logistics and distribution are at the core of the business, but are complemented by refining, shipping, terminals, exploration and production, power generation, mining and retail businesses. Budget Net Revenue January 2017 – December 2018 Commercial Operations Update. Vitol continues to perform solidly. said that it has entered into a US$30 million revenue advance facility with Vitol Inc. 8M in Civil Penalties to Vitol Inc. Credit: Luis Enrique Ascui Speaking in Melbourne after signing the $2. Oil giant Vitol would rank higher than Chevron on the Fortune Global 500 list if it were public. View Matthew Sbaschnig's profile on LinkedIn, the world's largest professional community. View Max Bulk's profile on LinkedIn, the world's largest professional community. 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. vitol group [vitolv. Apart from 2009 turnover drop, Vitol made incremental annual revenue (see graph with US$307 billion turnover in 2013 operations. With speed and conviction, Cargill is taking action to achieve results that help others thrive. LONDON (Reuters) - Commodity trader Vitol's [VITOLV. 6 million barrels a day, or 178Mt. Coordinate between the trading desk and accounting in order to correctly recognize revenue and expenses. Vitol Holding B. Vitol agrees to elect Olafs Berkis and Olegs Stepanovs into Ventspils Nafta Supervisory Council. See the complete profile on LinkedIn and discover Marshal’s connections and jobs at similar companies. Vitol has been a key player in the physical trading markets out of the United States, and was the first to export a cargo of U. This chart shows Largest Companies by Revenue. Vitol is an active member of global jet fuel product quality and handling forums. Our purpose is to nourish the world in a safe, responsible and sustainable way. 5 percent in Hascol, Pakistan’s fourth-largest seller of petroleum products, has gradually increased its stake since first acquiring 15 percent in April 2016. Gasoline volumes, however, decreased by 22. The company's revenue for the year was $307 billion, up from $303 billion in 2012, and its total traded crude and oil product volumes rose to 276 million metric tonnes from 261 million tonnes in 2012. Moody’s said the downgrade of the senior electric system revenue bond rating to Caa2 reflects Moody’s view that the default risk of the Virgin Islands Water and Power Authority has increased. , according to people with knowledge of the matter. Energy trader Vitol's 2016 revenue falls 9. Vitol Group, the world’s biggest independent oil trader, suffered a 25 percent drop in annual profit as income from assets sales failed to offset weaker trading results. The Dutch energy and commodities company will remain a minority shareholder in Hascol through Hascol’s planned rights issue, claimed the report. VITOL also is being. So basically its competitors are those companies in the same markets as Trafigura. The CBN noted that the higher non-oil revenue, relative to the quarterly budget was as a result of increased receipts from Corporate Taxes, and improvements in the collection of the Nigeria Customs Service. First quarter revenue rose 25. full-time for more than 5 years Pros - Above market compensation (only if you look at the total package) - Getting to work with capable people, there's absolutely no room for incompetence - even if you're young and inexperienced - Great place to be after establishing your career (but not anytime before that. Vitol, the world’s largest independent oil trader, said Tuesday it was looking to place further bets on low-carbon, renewable energy, while still expecting global oil demand to continue to grow until the mid-2030s. Andeavor (previously known as Tesoro Corporation) was a Fortune 100 and a Fortune Global 500 company headquartered in San Antonio, Texas, with 2017 annual revenues of $35 billion, and over 14,000 employees worldwide. All content is posted anonymously by employees working at Vitol. Vitol’s Ian Taylor on deals with dictators. Find over 32 million profiles with the D&B Business Directory at DandB. Vitol maintains its principal office at 15 Parliament Street, Hamilton, Bermuda HM12. The map is designed to help users understand how relevant individual ESG topics are to credit ratings for different sub-sectors across Global Public Finance, Infrastructure and Project. "FERC Issues Show Cause Order Proposing $6. Welcome to EY’s annual review of global oil and gas transaction activity. In the lastest period on record, Tesco's international revenue amounted to approximately 11. Vitol SA has reached an agreement with a company part-owned by the Gupta family for the right to export coal from the Richards Bay Coal Terminal, a source says. Categorized under Oil Consultants. Vitol has a deal pending to purchase a stake in Petrobras' prized Nigerian oilfields. Rahman was published in the October 2019 edition of Pratt's Energy Law Report (Vol. iFile and iReg Application for Department of Taxation and Virginia Employment Comission. ) Limited and Marshal Gas (Pvt. To that end, Infor has established the Infor Code of Ethics and Conduct to guide business conduct and to. UL] revenue in 2014 fell to its lowest in four years, the company said on Thursday, dropping to $270 billion (180 billion pounds) from $307 billion as lower energy costs and a dip in volumes weighed. Find company research, competitor information, contact details & financial data for Vitol Holding B. , reported Bloomberg. UL] 2014 revenue fell to its lowest level in four years, the commodity trader said on Thursday, dropping to $270 billion (180 billion pounds) from $307 billion as lower energy. Glencore and Vitol would not provide revenue details, but said Brazil was a minor market. Consult the VITOL MIDSTREAM LLC business profile in DALLAS, TX for company research. The revenue advance. 5545% of this revenue value. With the prioritization of the recovery of operating expenses and Galoc Phase 2 development costs and the eventual recovery of the remaining historical costs, we expect our revenue interest in. D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like Vitol Inc. Vivo Energy had its initial public offering in May 2018 that saw its shares listed on the London Stock Exchange with a secondary listing on the JSE. UL] revenue in 2014 fell to its lowest in four years, the company said on Thursday, dropping to $270 billion (180 billion pounds) from $307. Vitol's annual revenues are over $500 million (see exact revenue data) and has 100-500 employees. 2 Leticia B. Qualified applicants are considered for employment, and employees are treated during employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, veteran status, gender identity, or expression, genetic information or any other legally protected status. Energy trader Vitol's 2016 revenue falls 9. Vitol was the first company to trade with Libya's rebels, against Gaddafi orders, supplying them with more than $1 billion in fuel. Vitol is the world’s largest independent trader of energy products. ) Limited and Marshal Gas (Pvt. Tegeta bought Optimum Coal, which included a mine and its stake in the terminal, for R2. Vitol, the world's biggest oil trader, said on Thursday that its 2012 revenues rose to a record $303 billion and that the company may acquire more assets in a competitive trading environment. This organization primarily operates in the Petroleum Products, nec business / industry within the Wholesale Trade - Nondurable Goods sector. Jun 01, 2016 · Profits surged from just $22. Apart from 2009 turnover drop, Vitol made incremental annual revenue (see graph with US$307 billion turnover in 2013 operations. Spread the word. • Enhanced payroll system. State of Rhode Island: Office of the General Treasurer. It does not reveal profits. 1 Min Read. Guy has 2 jobs listed on their profile. vitol inc 00 vp racing fuels, inc. Joint venture. Our data undergoes extensive quality assurance testing with over 2,000 discrete checks for validity and reliability. Groupe Auchan SA 6. iFile and iReg Application for Department of Taxation and Virginia Employment Comission. * Founded in 1966, Vitol had revenue of around $143 billion in 2009. vitol group Trump uncertainty, doubt over output cut to take oil prices on a bumpy ride: Vitol “I think this market is going to be very volatile,” Kho, the president of Vitol Asia Pte. Trafigura is exclusively owned by its management and active employees, who are therefore focused on the long-term success of the business, promoting management depth and stability, and encouraging prudent risk management. As for recognition, I think you need to recognize the freight revenue and cost together (and at the time that you earn the revenue-so look at your shipping terms). Petroleo Brasileiro SA is close to announcing a sale of its stake in an African oil and gas exploration business to a group of investors led by Vitol Group, people familiar with the matter said. 5 million m 3 of combined storage capacity across 5 continents, which will rise to over 10 million m 3 in the near future as new projects come on line. Accounting month end close responsibilities, to include eviewing assigned deals for accuracy of system generated expense / revenue accruals. Cheniere Energy: LNG Cheniere Partners: CQP. Overall volumes held steady at just over 7 million barrels per day and turnover rose to $181 billion on the back of an increase in the average oil price over the course of the year. 37B (689M) (1. 8m in that period – up from $141. 26m shares of Hascol Petroleum Limited for Rs126m. The address of the Business's registered office is at the OCEAN FINANCIAL CENTRE building. Important Notice: The excise tax that provided the main source of revenue to fund the federal Oil Spill Liability Trust Fund expired on December 31, 2018, meaning the 9 cents per barrel excess tax on all U. In April, the company - which has a head office in Switzerland and is. has acquired in 2 countries. JERA, Vitol in First Atlantic LNG Swap under Baltic's BLNG3. Vitol, the world’s largest independent oil trader, said Tuesday it was looking to place further bets on low-carbon, renewable energy, while still expecting global oil demand to continue to grow until the mid-2030s. Glencore and Vitol would not provide revenue details, but said Brazil was a minor market. While revenues depend on the market fluctuations, on average, Vitol Asia Pte Ltd accounts for 20 to 30 percent of the Group’s total. Ilze has 6 jobs listed on their profile. GENEVA • Vitol Group, the world’s biggest independent oil trader, suffered a 25% drop in annual profit as income from assets sales failed to offset weaker trading results. * “Vitol is still resolutely an independent. Mar 31 2014. Vital Venture Capital LLC is a venture capital group that makes private investments in businesses in which we have above-average knowledge and experience, giving us the ability to connect with management and nurture the business toward success. Premium Services Account;. Ship & Bunker News Team To contact the editor responsible for this story email us at [email protected] Claiming to be the world’s largest commodity trader and a prolific tanker charterer, Vitol has announced increased revenues of $307 bill for 2013, compared with $303 bill* for the previous year. Despite winning the bid to explore oil in block 3, of the Deep Tano Basin, petroleum companies ENI and Vitol would still have to meet other regulatory requirements before they can sign a contract with the government to begin operations. 3 million in annual revenues, employs approximately 89 people at this location and 185 total employees at all locations What are the annual sales for Vitol? Vitol generates approximately $295. Why Vitol Group Is The Largest Independent Oil Trader. Sergeant Oil & Gas Co Inc. Reventus is an established Civil Enforcement Company renowned for our client focus and our outstanding standards of service and have built a reputation for providing clients with innovative and sustainable recovery solutions. * Founded in 1966, Vitol had revenue of around $143 billion in 2009. The Vitol Group is an energy and commodities company. In 2018, Royal Dutch Shell, also known simply as Shell, had a total revenue amounting to 388. It is classified as operating in the Petroleum & Petroleum Products Merchant Wholesalers industry. 5 million cu m), owns storage facilities in Fujairah with 1. Oil trader Vitol says U. Top 1,000 Australian companies announced. and its co-director of financial transmission rights trading should not be found to have engaged in market manipulation by selling physical power in CAISO at a loss to eliminate expected losses on Vitol’s Congestion Revenue Rights. Filing 1 COMPLAINT against UNITED STATES OF AMERICA (Filing fee $ 400 receipt number 0541-20392842) filed by Vitol, Inc. American retail corporation Walmart has been the world's largest company by revenue since 2014, with US$514 billion in revenue in 2019. Some of the information came from a laptop computer hard drive provided by Morillo’s estranged wife, Vanessa Friedman, according to the complaint. Vitol’s Ian Taylor on deals with dictators. 6 million barrels a day, or 178Mt. Sundance Energy Australia Limited Enters into US$30,000,000 Revenue Advance Facility. 2M Disgorgement for Alleged CAISO Market Manipulation. 38 billion U. 8 million tax. It aims to retain an up to 50% stake in Viva Energy after the IPO. While the use of these measures is a customary practice among physical market participants, it’s their use as financial instruments that seems to draw the most attention with. Cheniere Energy: LNG Cheniere Partners: CQP. Vitols is a small firm established in 1962 that specializes in the manufacturing of precision machined parts. Vitol's [VITOLV. The Vitol Group has not emerged as the most revered global oil trader for nothing. The Nigerian National Petroleum Corporation (NNPC) is the oil corporation through which the federal government of Nigeria regulates and participates in the country's petroleum industry. Glencore and Vitol would not provide revenue details, but said Brazil was a minor market. Vitol, the company transformed by British executive Ian Taylor into the world's largest independent oil trader, has a potential value of up to $20bn, according to bankers and analysts who have. The company said it handled 268 million tons, or around 1. View All Locations. BPM is 70% controlled by Boustead Petroleum Sdn Bhd and 30% by Lembaga Tabung Angkatan Tentera (LTAT) or the armed forces fund board. Vitol Increases U. VITOL Inc (100%) Pre-1987 cumulative data and monthly volume data is provided under license agreement to the KGS by IHS Energy. Key to the claim is the allegation that Vitol used an inappropriately high conversion rate between metric tons and barrels when calculating the invoice. Nairametrics. See the complete profile on LinkedIn and discover Max’s connections and jobs at similar companies. At its Annual General Meeting (AGM), CEO of the Nigerian Stock Exchange (NSE), Oscar Onyema rated the performance. Physical trading, logistics and distribution are at the core of the business, but are complemented by refining, shipping, terminals, exploration and production, power generation, mining and retail businesses. Vitol SA has reached an agreement with a company part-owned by the Gupta family for the right to export coal from the Richards Bay Coal Terminal, a source says. KARACHI: Vitol Dubai Limited (VDL) has agreed to provide financial facility of $42 million to Hascol Petroleum Limited, an announcement said on Monday. October 23, 2015; admin; Lagos, Nigeria – Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced unaudited results for the six months period ended 30 June, 2015, with the following. revenue pursuant to Section 11. is a wholly-owned subsidiary of The Vitol Group. The authority has been struggling to troubleshoot and fix ceaseless power outages territory-wide; it has been struggling to pay its debtors such as VITOL; and WAPA, which charges its customers the. BP is a globally operating oil and gas company, which is included on the list of oil 'Supermajors'. However, most of it is rate-revenue based on rates made permanent on July 1, 2017 by the P. 4 million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes. Trader and shipowner Vitol has logged revenue of $231bn for 2018 as oil volumes rose. and its co-director of financial transmission rights trading should not be found to have engaged in market manipulation by selling physical power in CAISO at a loss to eliminate expected losses on Vitol’s Congestion Revenue Rights. 3 million in annual sales. Vitol’s wealth is spread across only 330 share-holding employees, fewer than Glencore’s 500. Vitol serves customers worldwide. It does not reveal profits. Vitol continues to perform solidly. By David Sheppard and Dmitry Zhdannikov LONDON (Reuters) - Vitol's [VITOLV. 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. Vitol has 40 offices worldwide and its largest operations are in Geneva, Houston, London, and Singapore. Energy trader Vitol's 2016 revenue falls 9. The other prominent shareholders in the company include local firms like Fossil Energy (Pvt. Vitol Group paid a record of more than $1. This organization primarily operates in the Crude Petroleum and Natural Gas Production business / industry within the Oil and Gas Extraction sector. Vitol's trading portfolio includes crude oil, oil products, bunker fuel, LPG, LNG, natural gas, coal, power, metals and carbon emissions. Now, looking at the annual revenue, you would think that such a company would have a lot of employees. I have been working at Vitol S. We believe that LNG has an important role to play in the future energy mix and that its evolution will require a more flexible. It is classified as operating in the Petroleum & Petroleum Products Merchant Wholesalers industry. role in a probe of foreign oil firms' dealings with state-controlled Petrobras. You can start by Vladimir Putin and most of the Russian oil tycoons along with the top echelon players at the top physical commodities trading houses in the world namely the Club of 16 comprised of Vitol, Glencore, Cargill, Koch Industries, Ar. KUALA LUMPUR: Vitol, the world’s largest independent oil trader, has started building a small oil refinery at its storage terminal in Malaysia that will provide low-sulphur fuel for ships, a. has acquired in 2 countries. Vitol Americas Corp. The annual filing showed the challenges that. Oil Revenue drops. The world's largest independent oil trader, Vitol, is looking to secure long-term deals with some of the biggest oil-producing countries in the Middle East, in what has become a challenging. FERC enforcement staff's probe alleges that Vitol sold electric power at a financial loss in the California Independent System Operator day-ahead market to eliminate export congestion that had the potential to cause $1. Lunch with the FT Best of Lunch with the FT 2018. UL] revenue in 2014 fell to its lowest in four years, the company said on Thursday, dropping to $270 billion (180 billion pounds) from $307. Recently, FERC issued an Order to Show Cause why Vitol Inc. Court of Appeals for the 1st Circuit, there was a major kerfuffle about whether the court had jurisdiction. van der Mandelelaan 130-144 in Rotterdam. 4m barrels per day (bpd) of crude oil and products last year. Glencore and Vitol would not provide revenue details, but said Brazil was a minor market. The head office of Greenfields is located at 211 Highland Cross Dr. USD2,291 million, also 12 percent down year-on-year, while revenue was flat at USD98,098 million, compared to USD97,237 million in 2015. Globally Vitol trades over 5 million barrels of crude oil and oil products per day and revenues in 2014 were $270 billion. VTTI, which owns 15 storage terminals across 14 countries with a capacity to hold 60 million barrels (9. 4 million barrels per day of crude oil and products and. 9 million on revenue of RM5. A free inside look at Vitol S. vitol biofuels marketing llc 2925 richmond ave ste 11 houston tx 77098-3138 3849680-001 vitol inc. Vitol Group, the world’s biggest independent oil trader, suffered a 25 percent drop in annual profit as income from assets sales failed to offset weaker trading results. Vitol Holding BV’s annual revenue in 2017 was boosted by the rising oil prices along with crude oil and product trading, which increased year-on-year to 3. and Custodial & Trust Services contacts in Rotterdam, ZUID-HOLLAND, Netherlands and around the world. • Enhanced payroll system. Four banks underwrote the $3bn prepayment facility for Swiss commodity trader Vitol to buy oil from Kazakhstan's KazMunaiGas (KMG). Ramiro tiene 5 empleos en su perfil. 7, for each Gas Year, the Transportation Statement published by National Grid NTS will include the formula for the NTS Optional Capacity Charge. The fact-checkers, whose work is more and more important for those who prefer facts over lies, police the line between fact and falsehood on a day-to-day basis, and do a great job. Today, my small contribution is to pass along a very good overview that reflects on one of Trump’s favorite overarching falsehoods. Namely: Trump describes an America in which everything was going down the tubes under  Obama, which is why we needed Trump to make America great again. And he claims that this project has come to fruition, with America setting records for prosperity under his leadership and guidance. “Obama bad; Trump good” is pretty much his analysis in all areas and measurement of U.S. activity, especially economically. Even if this were true, it would reflect poorly on Trump’s character, but it has the added problem of being false, a big lie made up of many small ones. Personally, I don’t assume that all economic measurements directly reflect the leadership of whoever occupies the Oval Office, nor am I smart enough to figure out what causes what in the economy. But the idea that presidents get the credit or the blame for the economy during their tenure is a political fact of life. Trump, in his adorable, immodest mendacity, not only claims credit for everything good that happens in the economy, but tells people, literally and specifically, that they have to vote for him even if they hate him, because without his guidance, their 401(k) accounts “will go down the tubes.” That would be offensive even if it were true, but it is utterly false. The stock market has been on a 10-year run of steady gains that began in 2009, the year Barack Obama was inaugurated. But why would anyone care about that? It’s only an unarguable, stubborn fact. Still, speaking of facts, there are so many measurements and indicators of how the economy is doing, that those not committed to an honest investigation can find evidence for whatever they want to believe. Trump and his most committed followers want to believe that everything was terrible under Barack Obama and great under Trump. That’s baloney. Anyone who believes that believes something false. And a series of charts and graphs published Monday in the Washington Post and explained by Economics Correspondent Heather Long provides the data that tells the tale. The details are complicated. Click through to the link above and you’ll learn much. But the overview is pretty simply this: The U.S. economy had a major meltdown in the last year of the George W. Bush presidency. Again, I’m not smart enough to know how much of this was Bush’s “fault.” But he had been in office for six years when the trouble started. So, if it’s ever reasonable to hold a president accountable for the performance of the economy, the timeline is bad for Bush. GDP growth went negative. Job growth fell sharply and then went negative. Median household income shrank. The Dow Jones Industrial Average dropped by more than 5,000 points! U.S. manufacturing output plunged, as did average home values, as did average hourly wages, as did measures of consumer confidence and most other indicators of economic health. (Backup for that is contained in the Post piece I linked to above.) Barack Obama inherited that mess of falling numbers, which continued during his first year in office, 2009, as he put in place policies designed to turn it around. By 2010, Obama’s second year, pretty much all of the negative numbers had turned positive. By the time Obama was up for reelection in 2012, all of them were headed in the right direction, which is certainly among the reasons voters gave him a second term by a solid (not landslide) margin. Basically, all of those good numbers continued throughout the second Obama term. The U.S. GDP, probably the single best measure of how the economy is doing, grew by 2.9 percent in 2015, which was Obama’s seventh year in office and was the best GDP growth number since before the crash of the late Bush years. GDP growth slowed to 1.6 percent in 2016, which may have been among the indicators that supported Trump’s campaign-year argument that everything was going to hell and only he could fix it. During the first year of Trump, GDP growth grew to 2.4 percent, which is decent but not great and anyway, a reasonable person would acknowledge that — to the degree that economic performance is to the credit or blame of the president — the performance in the first year of a new president is a mixture of the old and new policies. In Trump’s second year, 2018, the GDP grew 2.9 percent, equaling Obama’s best year, and so far in 2019, the growth rate has fallen to 2.1 percent, a mediocre number and a decline for which Trump presumably accepts no responsibility and blames either Nancy Pelosi, Ilhan Omar or, if he can swing it, Barack Obama. I suppose it’s natural for a president to want to take credit for everything good that happens on his (or someday her) watch, but not the blame for anything bad. Trump is more blatant about this than most. If we judge by his bad but remarkably steady approval ratings (today, according to the average maintained by 538.com, it’s 41.9 approval/ 53.7 disapproval) the pretty-good economy is not winning him new supporters, nor is his constant exaggeration of his accomplishments costing him many old ones). I already offered it above, but the full Washington Post workup of these numbers, and commentary/explanation by economics correspondent Heather Long, are here. On a related matter, if you care about what used to be called fiscal conservatism, which is the belief that federal debt and deficit matter, here’s a New York Times analysis, based on Congressional Budget Office data, suggesting that the annual budget deficit (that’s the amount the government borrows every year reflecting that amount by which federal spending exceeds revenues) which fell steadily during the Obama years, from a peak of $1.4 trillion at the beginning of the Obama administration, to $585 billion in 2016 (Obama’s last year in office), will be back up to $960 billion this fiscal year, and back over $1 trillion in 2020. (Here’s the New York Times piece detailing those numbers.) Trump is currently floating various tax cuts for the rich and the poor that will presumably worsen those projections, if passed. As the Times piece reported: