Glencore Vitol

Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including; almost 18mm3 of storage across seven continents, 480kbpd of refining capacity and circa 5,000 service stations across Africa, Australia, Asia and in Northwest Europe. Nice guys: collectively, Glencore, Vitol and Trafigura handle around 19m barrels of oil and petroleum products a day — more than 10 per cent of global demand. Learn about working at Glencore. Została założona w 1966 roku przez Henka Vietora och Jacques Detigera. Glencore International plc is an Angloa??Swiss multinational commodity trading and mining company headquartered in Baar, Switzerland and with its registere. RIO DE JANEIRO/SAO PAULO (Reuters) - Leading global oil traders Vitol [VITOLV. Trafigura, Mercuria and Vitol said they have zero-tolerance policies for bribery and corruption. Anne has 4 jobs listed on their profile. According to Bloomberg, Total was guilty of corrupting foreign civil servants, and has been fined EUR 750,000, while Vitol has been fined EUR 300,000. Commodity trader Vitol has taken the top spot in the ranking of the largest companies in Switzerland by total turnover, relegating Zug-based Glencore to second place. B) and Vitol - are competing to buy Petrobras' (PBR-0. RT/external sites ≠ endorsement. In 2017, these four firms traded approximately 27 Mt of LNG - an impressive 9% of total LNG sold worldwide. Read employee reviews and ratings on. Other trading houses such as Vitol, Trafigura, Gunvor, Mercuria are also creaming it in Made the most money after we went public, although most is still paper gains. A Vitol afirmou que não iria comentar, mas disse que a empresa sempre irá cooperar com os investigadores. Macquarie-Glencore win over local Shell chiefs. Vitol has a deal pending to buy a stake in Petrobras’ prized Nigerian oilfields. LNG exports from 2015 spurred by a boom in shale gas will create space for new entrants. UK news, historical stock charts, analyst ratings, financials, and today's Glencore PLC stock price. Greece has shortlisted Anglo-Swiss Glencore and Swiss Vitol to submit a binding bid for a majority stake in the country's biggest oil refiner Hellenic Petroleum, its privatisation agency said on. Rosneft Agrees Heads of Terms for Long-Term Contracts with Glencore and Vitol 24 December 2012 On 21 December 2012 Rosneft agreed heads of terms for long-term crude supply contracts with Glencore International plc ('Glencore') and Vitol, two of the world's leading trading companies. Pelajari lebih lanjut tentang pekerjaan Glencore. , ADM, Glencore). Rosneft Agrees Heads of Terms for Long-Term Contracts with Vitol and Glencore. The deal, announced mid-afternoon on Friday,. and Vitol SA paid millions of dollars to a former PDVSA trader to get the inside track on Venezuelan oil deals, according to a lawsuit filed by a trust for Petróleos de Venezuela SA. Now we are seeing the spread at 19? There isn't this much of a disconnect between the two contracts. 75 per tonne The price, which serves as an industry benchmark for supplies of seaborne thermal coal in Asia, was 14 percent lower than a price agreed for supplies for the year through September this year. LONDON, Sept 20 (Reuters) - Trading house Glencore is to buy liquefied natural gas (LNG) supplies from Angola LNG over a multi-year period, adding to similar recent deals between the producer and. dollars as the default currency for its oil and products sales, while the euro was considered an alternative currency in case payment in dollars was not possible. LAGOS (Capital Markets in Africa) - OPEC member Kuwait plans to start trading energy and not just producing it, joining other Middle Eastern producers eager to claw back some of the profit traders like Vitol Group and Glencore Plc earn by buying and selling the region's oil. This estimate is based upon 2 Glencore Oil Trader salary report(s) provided by employees or estimated based upon statistical methods. Comment Guidelines. Maurel, Famfa and Seplat did not respond to requests for comment. The latest Tweets from Glencore (@Glencore). RIO DE JANEIRO/SAO PAULO—Trading giants Vitol, Trafigura, and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil prosecutors said on. Glencore has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of Metals and Minerals, Energy Products and Agricultural Products. 07, Diff $7. 000 Mitarbeiter beschäftigt, von denen 60. International oil trading companies, Glencore, Vitol S. The Swiss government can and should do more to contribute to the global fight against corruption in the commodities trading sector. Harvard Medical School. PDVSA US Litigation Trust v Lukoil, Glencore, Trafigura, Vitol, BAC, EFG, Blue Bank Et Al - USDC SDFL - Originating Complaint - 3 March 2018 - Read book online for free. A pardon which was investigated by James Comey, who sat on the board of HSBC, which laundered drug cartel money, and did business with a company that worked intimately with drug traffickers. Box: 32805, Dubai,Oil Companies in Dubai. Mercuria, Vitol and Glencore said they would cooperate with the Brazilian investigation, while Trafigura said it was reviewing the allegations. Due to corporate action contract. L) paid more than $30 million in bribes to employees at state-owned. We encourage you to use comments to engage with users, share your. 5 million euro. Vitol has a deal pending to purchase a stake in Petrobras' prized Nigerian oilfields. Glencore PLC Stock - GLEN. Sellers like Vitol, Glencore, and Chemoil find alternative offload in Singapore Good take on using future to offload excess inventories, from Reuters out of Singapore: SGX fuel oil futures plan attractive to sellers. By comparison, Glencore and its rival Vitol had to loan Rosneft $10 billion back in 2013 to secure supplies of 490 million barrels of crude, also over five years. Glencore, Trafigura, Vitol bribed Petrobras staff, Brazil prosecutors say. Or this: publicity-shy Vitol’s sales of $195 billion in 2010 were twice those at Apple Inc. * Strong relationships with market players (buyers and sellers of commodities) to create business. We empower and our ethos is entrepreneurial. after 2006. An image of a chain link. THE BIGGEST COMPANY YOU NEVER HEARD OF REUTERS/ ChRiSTian haRTmann A powerful and secretive Swiss trader is likely to list this year. Traders estimated the potential premium Glencore and Vitol is likely to be charging at 50 cents a barrel or more, which would result in an additional payment of at least $2. Vitol, Glencore and Trafigura, which boast combined annual revenues of more than half a trillion dollars, feature in a report by campaign groups Global Witness and Public Eye that uncovers links. RÍO DE JANEIRO (Reuters) - Fiscales brasileños dijeron el miércoles que las gigantes comerciales Vitol, Trafigura y Glencore pagaron más de 30 millones de dólares en sobornos a empleados de la compañía estatal Petrobras a cambio de negocios. The arrival of the global fuel giant Vitol to the industry in Brazil follows another major multinational to announce business in the segment in the country, Glencore, which acquired a majority. dollars as the default currency for its oil and products sales, while the euro was considered an alternative currency in case payment in dollars was not possible. 了解Glencore的工作环境。立即免费加入领英。看看您认识哪些Glencore员工,利用人脉力量,成功应聘职位。 Vitol Group 石油和. 1 day ago · Among the potential bidders are trading firms Vitol SA, Glencore PLC and Trafigura AG. Glencore Plc produces and markets metal, mineral & energy and agricultural commodities. We empower and our ethos is entrepreneurial. com 2 days Kevin is a blast hole miner at our #Sudbury Operations in #Canada, who has experienced first-hand the benefits of using semi-autonomous vehicles to ensure a safer working environment. 了解Glencore的工作环境。立即免费加入领英。看看您认识哪些Glencore员工,利用人脉力量,成功应聘职位。 Vitol Group 石油和. " ( Khaleej Times , " US house approves Iran energy sector sanctions ," 12/16/09). I'm also reading through Daniel Yergin, but that's more about the history of oil in general. An EMIS Company Report EMIS is an ISI Emerging Markets Group Company Company Description. Trading houses Vitol and Glencore are tipped to win state-owned PakistanState Oil's tender to buy 110,000 mt of 0. UL] and Glencore paid more than $30 million in bribes to employees at state-owned Brazilian company Petrobras in a scheme that may. , Cargill, Louis Dreyfus, Vitol) and an examination of annual reports and websites for public companies (e. 000 Mitarbeiter in über 40 Ländern zuständig. Brazil has opened an investigation into commodity trading groups Glencore, Vitol and Trafigura over alleged bribery of employees at state-run oil company Petrobras, prosecutors said Wednesday. Last year, Glencore's volumes shrank 17% because of unfavorable market conditions. The big commodities trading companies such as Vitol, Noble and Trafigura are constantly poaching traders from each other (typically by paying huge joining bonuses). 75 per tonne The price, which serves as an industry benchmark for supplies of seaborne thermal coal in Asia, was 14 percent lower than a price agreed for supplies for the year through September this year. Vitol has a deal pending to purchase a stake in Petrobras' prized Nigerian oilfields. Glassdoor has 244 Glencore reviews submitted anonymously by Glencore employees. Glencore and Vitol declined to comment. "Today's news should send alarm bells throughout the oil industry. Vitol's wealth is spread across only 330 share-holding employees, fewer than Glencore's 500. A have joined‎ 96 other companies in bidding for the Nigerian National Petroleum. State-run Kuwait Petroleum is in talks with Vitol Group and Glencore as well as some international oil companies about forming a joint venture to trade refined products as early as next year, a. TEHRAN -- Glencore PLC and Vitol Group, the world's two largest independent oil traders, are close to signing a long-term deal to purchase Iranian crude, a top Iranian official said. Glencore and Vitol would not provide revenue details, but said Brazil was a minor market. Glencore’s Pacorini Accused of Market Manipulation. Trafigura si incunea fra Vitol e Glencore nel mercato CIS Il trader olandese acquisterà dalla conglomerata gas & oil ENI partite regolari di petrolio turkmeno e kazako Trafigura Beheer B. and Vitol SA paid millions of dollars to a former PDVSA trader to get the inside track on Venezuelan oil deals, according to a lawsuit filed by a trust for Petróleos de Venezuela SA. Unsere Mitarbeitenden in Südafrika unterstützten ein lokales Spital bei der Renovation des Kinderflügels und sammelten Spielzeug für die kleinen Patienten. Wir wollen einen Beitrag zur Gesundheitsversorgung leisten. The probe marked a new phase in Operation Car Wash, an anti-corruption investigation opened in 2014 that. ET TEHRAN—Glencore PLC and Vitol Group, the world’s two largest independent oil traders, are close to signing a long-term deal to purchase Iranian crude, a top Iranian official said. The successful companies in the. Vitol has a deal pending to purchase a stake in Petrobras' prized Nigerian oilfields. Glencore paid the royalties in a currency other than dollars to skirt sanctions and discussed the deal with Swiss and U. Only the world's third largest private commodity trader after Vitol and Glencore. Or this: Glencore in 2010 controlled 55 percent of the world’s traded zinc market, and 36 percent of that for copper. International oil trading companies, Glencore, Vitol S. Petrobras has said there are no indications of wrongdoing in that deal, but it would be up to Brazilian regulators to make the final determination. On 7 February 2012, Glencore announced its proposed merger with Xstrata. Commodity traders Glencore, Vitol and Trafigura are under investigation on suspicion of paying more than $15m (£11. NNPC Selects Vitol, Trafigura, Sahara, Oando, 46 Others for Crude Term Contracts. Traders estimated the potential premium Glencore and Vitol is likely to be charging at 50 cents a barrel or more, which would result in an additional payment of at least $2. 7%) African unit that owns stakes. Macquarie-Glencore win over local Shell chiefs. Due to corporate action contract. Mercuria, Vitol and Glencore said they would cooperate with the Brazilian investigation, while Trafigura said it was reviewing the allegations. Glencore, Trafigura, Vitol bribed Petrobras staff-Brazil prosecutors December 5, 2018 admin Business News Comments Off on Glencore, Trafigura, Vitol bribed Petrobras staff-Brazil prosecutors Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil. Views my own. View Karol Remin’s profile on LinkedIn, the world's largest professional community. TRANSFORMATIVE DEALS. Russia's Rosneft, one of the world's top oil producers and exporters, has notified customers that future tender contracts. 5b Nigerian oil field sale Deal. Last year, Glencore’s volumes shrank 17% because of unfavorable market conditions. The Strategic Fuel Fund, responsible for managing the reserves, sold 10 million barrels of oil in December 2015 to Taleveras and joint ventures of Vitol and Glencore. Vitol has a deal pending to purchase a stake in Petrobras' prized Nigerian oilfields. competing with the likes of Vitol and Trafigura. Vitol est l'une des principales sociétés de trading pétrolier au monde. Brasília (AFP) - Brazil has opened an investigation into commodity trading groups Glencore, Vitol and Trafigura over alleged bribery of employees at state-run oil company Petrobras, prosecutors said Wednesday. Glencore and Vitol would not give revenue details, but said Brazil was a minor market. 2 million per month. In late 2017, Aziz Rabbah , Moroccan energy minister and Mohamed Boussaid , minister of the economy and finance, rubber stamped Swiss trader Glencore 's exit from the Boujdour Offshore Shallow block. Insight: Vitol, rival oil traders in spotlight of Brazil bribery probe Graft allegations lodged by prosecutors last week against four of the world's largest oil trading companies have opened an explosive new phase in the long-running probe. Athens last month received five expressions of interest for a 50. Glencore, Vitol and Trafigura are being investigated of bribing employees of the state oil company and middlemen $5. and Vitol SA paid millions of dollars to a former PDVSA trader to get the inside track on Venezuelan oil deals, according to a lawsuit file. Vitol India Petroleum Private Limited is a Private incorporated on 21 February 1995. grnewsletters. PRESIDENT at VITOL,GLENCORE,CABOT CLEARING CORP. In the course of the Congo events, Nikanor was merged into Katanga in late 2007 in a transaction valued at $3. 36 -20c, NG $4. Get the latest business insights from Dun & Bradstreet. OPEC member Kuwait plans to start trading energy and not just producing it, joining other Middle Eastern producers eager to claw back some of the profit traders like Vitol Group and Glencore Plc. International Banking Relations. 5b Nigerian oil field sale Deal. Mining and resources group has Glencore agreed to sell a controlling stake in its petroleum products, storage and logistics business to HNA Innovation Finance, part of Chinese conglomerate HNA for $775 million. Due to corporate action contract. TEHRAN -- Glencore PLC and Vitol Group, the world's two largest independent oil traders, are close to signing a long-term deal to purchase Iranian crude, a top Iranian official said. com/archive/alasdairm/Newsletter-NCOC-mulls-development-of-Kashagan-satellites-Glencore-deal-gives-hope-for-Djarmaya-refinery-Chinas-gas. ropą naftową, węglem i gazem ziemnym. for their alleged role in a kickback scheme with officials at Petroleo Brasileiro SA to get. Egypt to award 12-cargo LNG tender to Gas Natural Fenosa, Trafigura, Vitol, Glencore Posted: November 7, 2017 at 1:03 pm / Oil & Gas Egypt is expected to award its 12-cargo liquefied natural gas (LNG) tender to Spain’s Gas Natural Fenosa and three Swiss-based trading houses for supplies in the first quarter of 2018, trade sources said. This estimate is based upon 2 Glencore Oil Trader salary report(s) provided by employees or estimated based upon statistical methods. Commodity traders dominated. Maurel, Famfa and Seplat did not respond for requests for comment. DR JAMES CABOT. Glencore Energy UK Ltd, a company cited by the National Petroleum Authority (NPA) for operating without a license in Ghana’s petroleum downstream industry, says it only acts as an international supplier of petroleum products. In late December 2012 Rosneft secured an estimated $10bn in advance payment from trading companies Vitol and Glencore, with the entire deal estimated at about $50 -$55bn. Join LinkedIn today for free. In one deal in 2013, for example, Rosneft signed long-term oil supply contacts with Glencore and Vitol, in which it received a prepayment of US$10 billion to use for corporate and investment purposes. Glencore Plc Trading Screen Hub Name ICEU Commodity Code. Glencore and Vitol would not provide revenue details, but said Brazil was a minor market. Rosneft Agrees Heads of Terms for Long-Term Contracts with Glencore and Vitol 24 December 2012 On 21 December 2012 Rosneft agreed heads of terms for long-term crude supply contracts with Glencore International plc ('Glencore') and Vitol, two of the world's leading trading companies. Star Star Star Star Star Glassdoor has 248 Glencore reviews submitted anonymously by Glencore employees. Glencore said to Vie with Vitol for $1 billion Kazakh oil deal. Unit of Trading. 1 percent stake, will be granted a final deadline extension for binding bids, which will shift the submission date to some time in December, possibly early January, the chief official of TAIPED, the state privatization fund, has told local radio. 97 emplois de Glencore. Le Brésil enquête sur Vitol, Trafigura et Glencore dans l'affaire Petrobras Des procureurs soupçonnent que des dessous-de-table auraient été versés à des employés de la compagnie. See who you know at Glencore, leverage your professional network, and get hired. Vitol said that state-owned. Vitol has a deal pending to purchase a stake in Petrobras' prized Nigerian oilfields. But having seen Glencore's rise over the past year, I'm now pretty confident they will be around and play big for many years," a trader with a rival told the news agency. This estimate is based upon 2 Glencore Oil Trader salary report(s) provided by employees or estimated based upon statistical methods. The Strategic Fuel Fund, responsible for managing the reserves, sold 10 million barrels of oil in December 2015 to Taleveras and joint ventures of Vitol and Glencore. Rosneft agreed long-term crude supply contracts with Glencore and Vitol in December. Local companies Ultrapar Participações SA and Raizen, a joint venture of Brazil’s Cosan SA and Royal Dutch Shell, also signed non-disclosure agreements. I worked with one such comedian, Rupert Smither, at Petredec and he was really funny, easily the corporate court jester. Mar 08, 2013 · MOSCOW, March 8 (UPI) -- Energy trader Vitol confirmed that it and fellow trader Glencore secured long-term crude oil supply contracts with Russian oil company Rosneft. 0 million barrels per day in recent years - on par with rival Trafigura but behind the world’s top trading house, Vitol. Petrobras has said there are no indications of wrongdoing in that deal, but it would be up to Brazilian regulators to make the final determination. Vitol will supply four cargoes of 500 ppm sulphur gasoil, along with three cargoes from Glencore, through 2014 at a premium of $7. UL], Trafigura [TRAFGF. Vitol has a deal pending to buy a stake in Petrobras’ prized Nigerian oilfields. Vitol is a global energy and commodity trading company, founded in 1966 in Rotterdam, The Netherlands, where it is registered, with its head office in Geneva, Switzerland. by "TradeArabia (Manama, Bahrain)"; News, opinion and commentary General interest Petroleum industry International economic relations Joint ventures Planning Reports Trading companies. US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Base Oil Report is a comprehensive marketplace for global base oil reporting and trading. A probe of the $280. Leading global oil traders Vitol [VITOLV. Asset BA Abbreviation BA Name Proprietary BA Nbr; LCLNG ACTIVE ENGY Active Energy ULC. In one deal in 2013, for example, Rosneft signed long-term oil supply contacts with Glencore and Vitol, in which it received a prepayment of US$10 billion to use for corporate and investment purposes. Home - VitolVitol is an energy and commodities company. A new report by campaign group Global Witness has detailed the alleged involvement of bunker companies Cockett Marine and Ocean Connect Marine (OCM) as part of the bunker industry's role in Brazil's ongoing "Car Wash" corruption and money laundering scandal. The Strategic Fuel Fund, responsible for managing the reserves, sold 10 MMbbl of oil in December 2015 to Taleveras Group and joint ventures of Vitol Group and Glencore Plc. Glencore's traded oil volumes fluctuated between 4. Brazil’s Operation Car Wash corruption probe is investigating Glencore, Trafigura and Vitol for allegedly paying millions of dollars in bribes to Petrobras employees in return for better terms. In late December 2012 Rosneft secured an estimated $10bn in advance payment from trading companies Vitol and Glencore, with the entire deal estimated at about $50 -$55bn. We consider that other vehicles such as Trafigura, Vitol and Gunvor may feature on bank balance sheets as well ($100 bn x 4?). Base Oil Report is a comprehensive marketplace for global base oil reporting and trading. Glencore PLC ADR Stock - GLNCY news, historical stock charts, analyst ratings, financials, and today's Glencore PLC ADR stock price. Handluje m. Petrobras is expected to make a decision by the end of May. Glencore and Vitol would not provide revenue details, but said Brazil was a minor market. Glencore and Vitol would not provide revenue details, but said Brazil was a minor market. Vitol has a deal pending to purchase a stake in Petrobras' prized Nigerian oilfields. Mar 10, 2018 · Oil trading giants including Glencore Ltd. grnewsletters. We encourage you to use comments to engage with users, share your. Nice guys: collectively, Glencore, Vitol and Trafigura handle around 19m barrels of oil and petroleum products a day — more than 10 per cent of global demand. Vitol and Glencore have finalised term contracts to sell over 1. Janaf oil storage company signed contracts on transport and storage of oil and oil products for 2016 worth 65. , ADM, Glencore). and Vitol SA paid millions of dollars to a former PDVSA trader to get the inside track on Venezuelan oil deals, according to a lawsuit filed by a trust for Petróleos de Venezuela SA. That has allowed Greece to escape fuel shortages, but the rescue has come at a price because the trading houses are charging a hefty risk. Iraq's State Oil Marketing Organisation (SOMO) has signed an agreement with oil traders Vitol and Glencore to buy more than 1. Glencore Energy UK Ltd, a company cited by the National Petroleum Authority (NPA) for operating without a license in Ghana’s petroleum downstream industry, says it only acts as an international supplier of petroleum products. A probe of the $280m sale, conducted when prices languished near an eight-year low, has persuaded the government to take action, Energy Minister Mmamoloko Kubayi said on Monday. We encourage. Vitol, Glencore and Trafigura together trade more than 17m barrels of crude oil and refined fuels every day, according to company statements and industry sources, handling daily volumes equivalent. Salaries posted anonymously by Glencore employees. RIO DE JANEIRO/SAO PAULO: Trading giants Vitol, Trafigura and Glencore paid over US$30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil prosecutors said on. Read employee reviews and ratings on. Glencore has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of Metals and Minerals, Energy Products and Agricultural Products. Previously Rosneft only used U. Glencore accused of illegal Ghana deal in court case. View profile. Brazil’s Operation Car Wash corruption probe is investigating Glencore, Trafigura and Vitol for allegedly paying millions of dollars in bribes to Petrobras employees in return for better terms. On 7 February 2012, Glencore announced its proposed merger with Xstrata. Russian state oil company OAO Rosneft (ROSN. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including; almost 18mm3 of storage across seven continents, 480kbpd of refining capacity and circa 5,000 service stations across Africa, Australia, Asia and in Northwest Europe. Mercuria, Vitol and Glencore said they would cooperate with the Brazilian investigation, while Trafigura said it was reviewing the allegations. Vitol will supply four cargoes of 500 ppm sulphur gasoil, along with three cargoes from Glencore, through 2014 at a premium of $7. RIO DE JANEIRO (Reuters) - Brazil’s state-run oil company Petroleo Brasileiro SA has suspended all oil and fuel trading with Trafigura AG and Glencore PLC , the company said in a statement, in. Vitol, which was established in 1966, is headquartered in Geneva, Switzerland, and has major locations in Rotterdam, Houston, Singapore and London. Commodity traders dominated the ranking with seven out of the top ten companies. May 12, 2016 1:41 p. A new report by campaign group Global Witness has detailed the alleged involvement of bunker companies Cockett Marine and Ocean Connect Marine (OCM) as part of the bunker industry's role in Brazil's ongoing "Car Wash" corruption and money laundering scandal. Glencore and Gertler were held up in a legal tangle, threatening the strategic supply of the metals as well as ownership of the mining entities. Maurel, Famfa and Seplat did not respond for requests for comment. Handluje m. See all Oil Trader salaries to learn how this stacks up in the market. View Nathan Arentz’s profile on LinkedIn, the world's largest professional community. Dec 05, 2018 · Commodity traders Glencore, Vitol and Trafigura are under investigation on suspicion of paying more than $15m (£11. Unit of Trading. 5, 2018, 6:52 AM The letter F. Glencore, Vitol Shortlisted in Hellenic Stake Sale Posted by Joseph Keefe July 3, 2018 Anglo-Swiss Glencore (GLCNF) Energy and Swiss Vitol will be qualified to submit a binding bid for a majority stake in Greece's biggest oil refiner Hellenic Petroleum , sources close to the process said on Tuesday. ie Mining giant Glencore has re-started drilling at its Pallas Green prospect in Limerick, the Sunday Independent has learnt. See who you know at Glencore, leverage your professional network, and get hired. After years of struggling under heavy debts, it has been buoyed by a resurgence in its core markets and reported a 45% jump in half-year sales to $100bn (£78bn). UL] and Glencore (GLEN. Join LinkedIn today for free. Brazil’s federal police are investigating oil trading giants Vitol SA, Trafigura AG and Glencore Ltd. UL], Trafigura [TRAFGF. And one of the pending transactions to be affected is the sale by Brazil's state-owned oil firm, Petrobas of. Vitol, Glencore, Shell, Africa Energy declined to comment. In 2017, these four firms traded approximately 27 Mt of LNG - an impressive 9% of total LNG sold worldwide. On 7 February 2012, Glencore announced its proposed merger with Xstrata. Find company research, competitor information, contact details & financial data for Vitol Holding B. RIO DE JANEIRO/SAO PAULO—Trading giants Vitol, Trafigura, and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil prosecutors said on. The Strategic Fuel Fund, responsible for managing the reserves, sold 10 million barrels of oil in December 2015 to Taleveras and joint ventures of Vitol and Glencore. GLENCORE GRAIN SINGAPORE PTE. 53 billion as the state-controlled oil company. Facts: Vitol and Glencore were among dozens of firms accused of paying kickbacks to Iraq in 2005 by a commission that probed the United Nation's Oil for Food programme. The largest trading companies – both. Trafigura, Vitol, Gunvor and Glencore are dominating the LNG trading landscape. Commodities traders seek out Glencore-type riches Reduced cash bonuses and downsizing of commodities desks has led to a surge in the numbers of traders leaving banks for commodities groups, such as Switzerland’s Glencore, with recent windfalls promising to drive the trend. Read more here: answer to Who are the competitors of the company Trafigura?. TEHRAN -- Glencore PLC and Vitol Group, the world's two largest independent oil traders, are close to signing a long-term deal to purchase Iranian crude, a top Iranian official said. Petrobras has said there are no indications of wrongdoing in that deal, but it would be up to Brazilian regulators to make the final determination. Officials from Glencore, together with counterparts from Vitol and Trafigura, allegedly paid more $15m in bribes to Petrobras. Glencore, Vitol and Trafigura are being investigated of bribing employees of the state oil company and middlemen $5. In a case surprisingly ignored by the mainstream media, considering the matter and the parties at stake, France’s Supreme Court recently determined that double jeopardy isn’t a viable defense to prevent the prosecution of a company that had entered into a plea agreement for charges tried in another country. If you want to proactively share your details with us, please use the link below. In 2017, these four firms traded approximately 27 Mt of LNG - an impressive 9% of total LNG sold worldwide. Track elected officials, research health conditions, and find news you can use in politics. Commodity trader Vitol has taken the top spot in the ranking of the largest companies in Switzerland by total turnover, relegating Zug-based Glencore to second place. It symobilizes a website link url. RIO DE JANEIRO/SAO PAULO (Reuters) - Trading giants Vitol, Trafigura and Glencore (LON: GLEN) paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil. Le Brésil enquête sur Vitol, Trafigura et Glencore dans l'affaire Petrobras Des procureurs soupçonnent que des dessous-de-table auraient été versés à des employés de la compagnie. Add a Comment. The king of laughs though was certainly David Hughes at Vitol, he always had a joke and always would make you laugh. Can the Goldman Sachs of commodity trading survive going public? By ERiC OnSTad, LaURa maCinniS and QUEnTin WEBB BAAR, SWITZERLAND, FEB. See the complete profile on LinkedIn and discover Shyam’s connections and jobs at similar companies. Brazil has opened an investigation into commodity trading groups Glencore, Vitol and Trafigura over alleged bribery of employees at state-run oil company Petrobras, prosecutors said Wednesday. Nathan has 2 jobs listed on their profile. And one of the pending transactions to be affected is the sale by Brazil's state-owned oil firm, Petrobas of its stake in some Nigerian oil fields. 103 Glencore jobs, including salaries, reviews, and other job information posted anonymously by Glencore employees. Now this works both ways, but I’ve always felt it important to make people laugh. 75 per tonne The price, which serves as an industry benchmark for supplies of seaborne thermal coal in Asia, was 14 percent lower than a price agreed for supplies for the year through September this year. As well as the 200 tankers it has at sea, Vitol owns storage tanks on five continents. Petrobras is expected to make a decision by the end of May. See who you know at Glencore, leverage your professional network, and get hired. Rosneft Agrees Heads of Terms for Long-Term Contracts with Glencore and Vitol. Vitol, which was established in 1966, is headquartered in Geneva, Switzerland, and has major locations in Rotterdam, Houston, Singapore and London. Pelajari lebih lanjut tentang pekerjaan Glencore. And for them, Brazil is just one of hundreds of bribe/corruption station. Vitol, Glencore, Shell, Africa Oil declined to comment. Box: 32805, Dubai,Oil Companies in Dubai. Vitol and Glencore have finalised term contracts to sell over 1. The small alpine nation is home to around 500 commodities firms, including giants Glencore, Cargill, Vitol and Trafigura. The successful companies in the. As these four trading houses enter the market alongside large buyers and portfolio players, they start to resemble mini-portfolio players. Vitol's highest-profile rival in this great game is Glencore, the Swiss commodity trader formed by former partners of Marc Rich, which went public two years ago and ranks No. Brazilian authorities last week searched the Rio de Janeiro-area offices of Vitol, Trafigura and Glencore as well as other entities they allege participated in the scheme. Glencore PLC and Vitol Group, the world's two largest independent oil traders, are close to signing a long-term deal to purchase Iranian crude, a top Iranian official said. Local companies Ultrapar Participações SA and Raizen, a joint venture of Brazil's Cosan SA and Royal Dutch. PRESIDENT at VITOL,GLENCORE,CABOT CLEARING CORP. Wir wollen einen Beitrag zur Gesundheitsversorgung leisten. Unit of Trading. Shyam has 1 job listed on their profile. Vitol, Glencore tipped to win Pakistan PSO tender seeking gasoil. com - January 21 at 4:46 PM This page was last updated on 8/9/2019 by MarketBeat. Petrobras said a month ago it is selling its 50 percent stake in a Nigerian oil and gas exploration venture to a consortium led by Vitol for US$1. Hi, I just wrote an answer on Trafigura. Greece has shortlisted Anglo-Swiss Glencore and Swiss Vitol to submit a binding bid for a majority stake in the country's biggest oil refiner Hellenic Petroleum, its privatisation agency said on. Ma dwie główne siedziby, jedna znajduje się w Rotterdamie, a druga w Genewie. RIO DE JANEIRO/SAO PAULO: Trading giants Vitol, Trafigura and Glencore paid over US$30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil prosecutors said on. 74 -6c Oil price The oil price rose yesterday as a number of factors had an impact, none more so than the Chinese data. 10,000,000 and its paid up capital is Rs. Commodity trader Vitol has taken the top spot in the ranking of the largest companies in Switzerland by total turnover, relegating Zug-based Glencore to second place. Glencore and Vitol would not provide revenue details, but said Brazil was a minor market. Home - VitolVitol is an energy and commodities company. Mining and commodities giant Glencore The case, involving also Trafigura Group and Vitol Group, centres around alleged bribes to employees of Brazilian oil company Petróleo Brasileiro SA. Dec 05, 2018 · Vitol has a zero tolerance policy on bribery and corruption, and always cooperates with relevant authorities, it said in an email. It was founded in 1974 by the “King of Oil” Marc Rich, who is credited with revolutionising the trade of crude but earned notoriety after US authorities. 0 million barrels per day in recent years - on par with rival Trafigura but behind the world’s top trading house, Vitol. Glassdoor gives you an inside look at what it's like to work at Glencore, including salaries, reviews, office photos, and more. RIO DE JANEIRO (Reuters) - Brazil’s state-run oil company Petroleo Brasileiro SA has suspended all oil and fuel trading with Trafigura AG and Glencore PLC , the company said in a statement, in. NPA threatens to sue GLENCORE for operating without licence The National Petroleum Authority (NPA) has ordered GLENCORE to stop importing and selling petroleum products illegally or risk being sued. UL], Glencore and other major oil trading firms has been arrested in the United States, authorities said Tuesday. Wir wollen einen Beitrag zur Gesundheitsversorgung leisten. On this page, you may find our job offers for the Mercuria Group. 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. But by all means apply to both. Brazilian authorities last week searched the Rio de Janeiro-area offices of Vitol, Trafigura and Glencore as well as other entities they allege participated in the scheme. And for them, Brazil is just one of hundreds of bribe/corruption station. Separately, Petrobras, the largest company in Brazil and Latin America by market capitalization, announced a business plan calling for $26. Vitol, Glencore, Shell, Africa Oil declined to comment. Use the link below to search for jobs anywhere in the world. Commodity Futures Trading Commission announced it would pursue foreign corruption claims, mining company Glencore disclosed that it is the subject of such. Glencore, the world's second largest oil trader after Vitol, has repeatedly insisted the plant needs to restart production so creditors can gradually recoup the money. Vitol has a deal pending to purchase a stake in Petrobras' prized Nigerian oilfields. Vitol and Glencore, the two contenders of an ELPE (Hellenic Petroleum) sale offering a 50. But the sources said that this could slide as there was a still a possibility that the bids might be split between the two oil block stakes. By comparison, Glencore and its rival Vitol had to loan Rosneft $10 billion back in 2013 to secure supplies of 490 million barrels of crude, also over five years. Glencore and Vitol declined to comment.