Vitol Shareholders

81 million was received by Hascol. AtlasInvest will sell its shareholding in Varo Energy to CIEP while Vitol will reduce its current stake to enable each party to own 50%. When Hugo Hodge, then executive director of the Virgin Islands Waste Management Authority, was pushing for a deal with Vitol to convert WAPA’s generators to burn propane, he said Vitol was building the infrastructure at no upfront cost for WAPA. Arq has partnered with Vitol to distribute Arq Fuel™ globally. Specialist teams with the expertise and extensive experience to provide the sector focused advice you need. Helios Investment Partners (“Helios”, acting on behalf of the funds to which it is advisor) and Vitol have agreed the acquisition of Shell's 20% shareholding in Vivo Energy (“Vivo”), for US$250 million. Ian Taylor, the British businessman who built Vitol into the world's largest independent oil trading company, is to step down from his role as chief executive to become chairman. 15bn from Glencore in December. Vitol will be refunded over a five-year period through shipments of oil from the country’s two giant fields, Tengiz and Kashagan, in which KazMunayGas is a shareholder. This ICIJ database contains information on more than 785,000 offshore entities that are part of the Panama Papers, the Offshore Leaks, the Bahamas Leaks and the Paradise Papers investigations. " Vitol had. (Bloomberg) -- Abu Dhabi National Oil Co. Vitol is a private company founded in Rotterdam in 1966. Vitol is an energy and commodities company. IFM Investors is one of the few truly aligned fund managers in the world. This is the official website of Toagosei Co. Vitol Group paid a record of more than $1. In 2014, Vitol paid dividends to its 300 plus shareholders – mainly present and former core employees – of over $37. 12 Billion to Shareholders in 2016. - The shareholder was a National Fund - Owned, Two 2nd. The supplies of LNG, which are anticipated to commence in 2019, will enable Vitol to serve clients across Asia-Pacific region. It is our vision to use our strategically located assets to be a leading provider of services in the energy industry. On completion, VALT will be 100% owned by Vitol and will be integrated into Vitol’s core trading business. Its core trading business is complemented by a range of strategic investments, ranging from refineries and storage to retail and distribution businesses. Other Vitol Group trading businesses include natural gas, sugar, non-ferrous metals, coal, chemicals and. RELX is a global provider of information-based analytics and decision tools for professional and business customers. 62% interest in the Galoc Production Company WLL (GPC), operator of the Galoc oil field, to its co-shareholder Otto Energy Limited for a total consideration of US$54 million. The company distributed $1. Company description. $3 billion. Eni (70%) and its partner Vitol (30%) have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano Basin, offshore Ghana. The company has a strong and growing presence in 16 countries across Africa. Canada, at which shareholders. See the complete profile on LinkedIn and discover Kenix’s connections and jobs at similar companies. 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. Press Releases Angola LNG and Glencore sign LNG sales agreement Angola LNG Limited (“ALNG”) and Glencore Energy UK Limited (“Glencore”) have executed a multi-year LNG sales agreement, under which ALNG will deliver LNG cargoes to Glencore at destinations around the world. 2 billion dividend distribution. Vital Energy Inc. 94% of the share capital. 05% Considering the financial instruments accounting system in Latvia, Latvian companies’ lists of shareholders owning 5% or more of company’s total capital are updated once per year based on the information provided in company's annual report. 12 billion to shareholders in 2016 - Bloomberg 2 Min Read FILE PHOTO: A sign is pictured in front of the Vitol Group trading commodities building in Geneva October 4, 2011. ADNOC has acquired a 10% equity stake in VTTI, providing it with access to storage capabilities across key exports markets in Asia, Africa and Europe. Eni (70%) and its partner Vitol (30%) have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano Basin, offshore Ghana. View their profiles and discover their responsibilities and roles in corporate governance. But whether it's well intervention, subsea robotics, or deep-sea trenching, Helix Energy Solutions is able to provide the support you need. It has the exclusive licence from Shell to source, distribute and supply Shell branded fuels and lubricants to retail and commercial customers in 15 countries in Africa, serving over 700,000 customers. 08 billion for. 1 million shares) at Rs 162 each. Antipinsky Refinery is the only oil refinery in Tyumen Region and Urals Federal District, conveniently located on a developed logistic network, which enables to market oil products on its territory and in adjacent Districts. The new company will be called Varo Energy and will be divided equally between Vitol, Carlyle International Energy Partners (CIEP), part of the Carlyle Group, and the shareholders of Argos - Marcel van Poecke's AtlasInvest and private investment group Reggeborgh, which represents the interests of the Dutch Wessels family. Learn more at ExxonMobil. UL] and its partners plan to float their Australian Viva Energy business, potentially worth nearly A$5 billion ($3. OMV PETROL OFISI AS : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | ISTANBUL STOCK EXCHANGE. Vitol decided to bid via Euromin, a company owned solely by Vitol Group, to improve its chances of becoming a strategic partner in the terminal. Vitol Group ("Vitol") announces today that it has divested its 10% stake in Vopak Horizon Fujairah Limited (VHFL), a 1. This company is now Active. Ever heard of it? 1 - 1 of 1 results. LUKOIL worldwide. We develop new outlets for condensates, using Trafigura's diverse customer base that includes refineries, splitters and petrochemical facilities. The Middle East’s Pivot to Asia Conference. Vitol, Carlyle to list oil downstream venture Varo in Amsterdam Oil trader Vitol and private equity giant Carlyle will list their European downstream venture Varo Energy in Amsterdam this year, looking to raise funds to expand while luring investors with a hefty dividend pledge. 23 hours ago · The Company has executed payment deferral letters with its senior debt lender, Vitol Energy (Bermuda) Ltd. Feb 05, 2018 · Vitol Group paid $1. Godmanis suggested the government would not abandon Vitol. 12 billion to its top executives and employees through share buybacks in 2016, making it one of the oil trader's highest payouts, Bloomberg reported on Monday. 12 billion to top executives and staff through share buybacks in 2016, one of the highest ever payouts by the world’s biggest independent oil trader. Sonangol informs that it has held a tender for the supply of gasoline, diesel and marine diesel, within the scope of the Supervision of the Oil Derivatives System, with a view to award contracts for each of the products in question for a period of 12 months. Cheniere Energy: LNG About Cheniere Energy Board of Directors Executive Officers Governance and Ethics Cheniere Partners: CQP About Cheniere Partners Board of Directors Governance and Ethics K-1 Tax Information. The People’s Democratic Party (PDP) on Monday described the Leader of Indigenous People of Biafra (IPOB), Mazi Nnamdi Kanu, as a desperate extortionist masquerading as a freedom. Learn more about Cornerstone Home Lending, Inc. We recruit, evaluate qualified applicants, hire, train, promote, and base all other employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, veteran status, and other legally protected characteristics. KPC Contact Information. 2 This presentation contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities. Vitol and Helios Acquire Shell' s 20% Shareholding in Vivo Energy - Vinson & Elkins LLP We use cookies on our website to distinguish you from other website visitors and to provide a better browsing experience. Vitol will be refunded over a five-year period through shipments of oil from the country’s two giant fields, Tengiz and Kashagan, in which KazMunayGas is a shareholder. A Vitol-led consortium has a $1. Executive Committee. Ian Taylor, Jacobus Sterken, Stichting Tinsel Group, Vitol Holding II S. They say he was a key agent who secured business for Vitol and other firms by funneling bribes to Petrobras traders, in particular to one in Houston. If Vitol were publicly traded, its reported revenues would have ranked it No. Vitol Group may sell indirectly owned shares in Latvian Shipping Company if a buyer appears, says the company's chairman Robert Kirkup. 5 million cubic metre oil storage facility in Fujairah, United Arab Emirates. Its focus is oil trading, although it also trades other commodities including sugar, metals and grain. " - Greenwise. Vitol’s Compliance systems against bribery and corruption. 975%), GNPC (10%), Woodfields Upstream (9,556%), Explorco (4,00%). Rothschild may well be one of the 350 shareholders in Vitol, but you can bet your left testicle that the Royal Dutch family is on that list, (Bilderbergers) possibly some big wig Malaysian business tycoons, maybe even a few Chinese and Iranians as well. According to a bookrunner, the selling shareholders will include Vitol Africa B. Vitol exercises options for two more VLGCs at HHI 26 Oct 2017 Lloyd's List. Member Management Board Banking, chief operations officer, chief transformation officer. Vitol Dubai pursuant to exercise of its call option in terms of the shareholders' agreement between Vitol and other shareholders of Hascol acquired another 10 percent stake in the company. Latvijas Kugnieciba shareholder Vitol Netherlands B. Our shareholders, OOC and the State General Reserve Fund (SGRF), are active investors across several sectors including oil and gas as. who was the broker between the Saudi oil deals to China that. The company was founded in Rotterdam in 1966 by Henk Viëtor. The agreement had 4 shareholders of Hascol. When Hugo Hodge, then executive director of the Virgin Islands Waste Management Authority, was pushing for a deal with Vitol to convert WAPA’s generators to burn propane, he said Vitol was building the infrastructure at no upfront cost for WAPA. Vitol Holding is wholly owned by Refining, which is wholly owned by Holding, which is wholly owned by Holding II. In 2005, the Group made its first major investment in oil refining when it purchased a refinery in Pasadena, Texas, USA. 469%), Vitol Upstream Tano (33. Loya has served as a director of Vitol since 1997 and as the President of Vitol, Inc. It is a private company consisting of all 3200 employees as its shareholders. They are the Vitol Holding II SA Shareholder's Agreement and the Tinsel Group Shareholder Agreement. 12 billion to top executives and staff through share buybacks in 2016, one of the highest ever payouts by the world’s biggest independent oil trader. 17 billion reais (£469. It has headquarters in Rotterdam and Geneva. Vitol is owned by a significant proportion of its employees, providing a diverse and stable shareholder base which gives the company a long-term outlook and a considered approach to risk. Vitol is based in Bahrain and was established. The supplies of LNG, which are anticipated to commence in 2019, will enable Vitol to serve clients across Asia-Pacific region. Tegeta bought Optimum Coal, which included a mine and its stake in the terminal, for R2. View their profiles and discover their responsibilities and roles in corporate governance. The shareholders who financed the risks had no real understanding of what the risk takers were doing, and as the risk-taking grew ever more complex, their understanding diminished. Speaking of Stepanov and other Ventbunkers shareholders, Vaivads said not only has he not spoken with them in a long time but that he has no interest in doing so. Northrop Grumman's Corporate Policy Council (CPC) assists the Chief Executive Officer and President by serving as management’s key deliberative body for all major policy-level problems, issues, and opportunities facing the company. Abu Dhabi National Oil Co. Vitol, Glencore and the privatization fund have found themselves needing more time despite a decision reached yesterday by the local Capital Market Commission that resolves an ambiguity as to whether the preferred investor to emerge from the sale will need to make a public offering to other company shareholders. Our businesses in Indonesia. The company distributed $1. 6590: Sustainable Capital Ltd. , the embattled commodity trader, has pushed back against guidelines in Singapore for disclosing information on executives’ remuneration. ADNOC has acquired a 10% equity stake in VTTI, providing it with access to storage capabilities across key exports markets in Asia, Africa and Europe. The unseen hand that moves the world’s oil. Shareholder No. In addition, Vitol is evaluating a potential equity investment in the Driftwood Holdings partnership. The deal was expected to close by the end of the year, and Noble shareholders approved the sale at a special meeting Dec. PA) are in talks to acquire Brazilian fuel distribution company Alesat Combustíveis SA, Brazilian. Working at LMC. IFM Investors is one of the few truly aligned fund managers in the world. There were 386,892 registered shareholders of ExxonMobil common stock at December 31, 2017. (“Vitol”), to defer payments in the aggregate of $11. full-time for more than a year Pros There are many benefits that Vitol provides its employees so you basically take you're entire paycheck home rather then spending it on things you need at work, like parking in downtown, lunches, etc. In 2008 Forbes Magazine placed him in its list of the top 20 highest-earning hedge-fund managers. Vitol Handed a Record $1. Vitol Holding is wholly owned by Refining, which is wholly owned by Holding, which is wholly owned by Holding II. 94% of the share capital. Vitol 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. With an average of 20 years’ experience in the Company, the Executive Committee members bring a wealth. The unseen hand that moves the world's oil. Viva Energy's growing network of service stations makes our fuels and lubricants available right across the country. oil logistics firm Buckeye Partners is selling its 50 percent stake in Vitol-backed global energy storage company VTTI, the companies said on Friday, a move that will see existing. The Board currently has three standing committees, namely, Audit & Risk, Technical and Remuneration. See the complete profile on LinkedIn and discover Leon’s connections and jobs at similar companies. Execution of significant contracts between Grupa LOTOS S. The purpose of consolidated statements is to present, primarily for the benefit of the shareholders and creditors of the parent company, the results of operations and the financial position of a parent company and its subsidiaries essentially as if the group were a single company with one or more branches or divisions. The Vitol Group was founded in 1966 and started its business with the trading of oil products. Trafigura & Vitol sell fuel to Syria despite Clinton's call for boycott. Vitol acquisition is acceptable if IRR higher than its cost-of-capital by an amount that can run to the shareholders; whereas the opposite-case decreases the share-price hence requires shareholders' intervention to offset the shortage. owned by Vitol, Helios Investment Partners and Shell. The People’s Democratic Party (PDP) on Monday described the Leader of Indigenous People of Biafra (IPOB), Mazi Nnamdi Kanu, as a desperate extortionist masquerading as a freedom. Earlier this month, Novatek signed a preliminary agreement with Vitol for supply from Arctic LNG. During a seven year period, Vitol shareholders were awarded payouts amounting to $6. It sources, distributes, markets and supplies Shell’s high-quality fuels and lubricants to retail and commercial customers across the continent. Vitol is building crude oil storage tanks at Tanjung Bin in the southern Malaysian state of Johor to hold feedstock for its new refinery at the same site, a senior company official said on Thursday. RIO DE JANEIRO (Reuters) - Vitol, the world's biggest oil trader, and France's Total (TOTF. The other prominent shareholders in the company include local firms like Fossil Energy (Pvt. To meet the major technological challenges of the future while continuing to pursue our profitable growth strategy, we are focusing on international expansion and drawing on the synergies of our five brands: Renault, Dacia, Renault Samsung Motors, Alpine and LADA. It is now an independent, privately owned group of trading companies, with its core business in energy, particularly crude oil and oil products. Margins in the trading business are razor thin, but the company's profits are divvied up among just 350 or so shareholders. The privately owned company, which is registered in Holland but has most of its top executives in London, earned almost $550m in operating profit in the first six months of this year, according to half-year results seen by the Financial Times. (hereinafter – Vitol), commenced the. A world class African exchange located in Sandton, Johannesburg, South Africa. * Vitol, the world's largest independent oil trader, paid $1. Top Oil Trader Vitol Paid $1. If, at any time, you are interested in reverting to our default settings, please select Default. 08 billion for. CIC Energy has agreed to sell a 9. full-time for more than a year Pros There are many benefits that Vitol provides its employees so you basically take you're entire paycheck home rather then spending it on things you need at work, like parking in downtown, lunches, etc. Total in Singapore 09/18/2017 Our operations in Singapore date back to 1982 and primarily cover exploration and production, marketing of petroleum products and related services, trading and petrochemicals. , Rotterdam, succursale de Genève in writing, use the current postal address Place des Bergues 3. 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. The Executive Committee, under the leadership of the Chief Executive Officer (CEO), is responsible for areas of operational management of the Company that are not specifically reserved to the Board of Directors. The Terminal. Should you buy the Viva Energy REIT IPO? Sean O'Neill The risk is reduced for shareholders as a result of extremely long lease periods, with a Weighted Average Lease Expiry (WALE) of 15. Raise capital for your business. The Board currently has three standing committees, namely, Audit & Risk, Technical and Remuneration. GENEVA, Sept 30 (Reuters) - Vitol S. Feb 5 (Reuters) - Vitol Group paid $1. Supreme court orders Conoil to pay Vitol N13. 12 billion to its top executives and employees through share buybacks in 2016, making it one of the oil trader's highest payouts, Bloomberg reported on Monday. In 2016, VITOL, the largest independent oil trading entity in the world, acquired 15 percent equity in Hascol which was later increased to 27. , Helios Investment Partners, acting on behalf of the funds to which it is advisor, and Vitol own 100% of Vivo Energy. Bringing attractive and responsible fashion, and improve the quality of customer service, are Zara's priorities. It was important for Vitol (in case Euromin wins) that other VN shareholders – including AS Latvijas naftas tranzits – support its intention to become a partner. Vitol Gas and Power B. 82 Pound Body Fortress Super Advanced Whey Protein Powder Mass Gainer, Gluten Free, Chocolate, 2. Get the latest business insights from Dun & Bradstreet. Vitol pleased with a productive shareholder meeting July 7, 2008 in Uncategorized | Tags: Vitol , Vitol Oil , Vitol Oil Group Having recently increased the participation in the share capital of Jsc Ventspils Nafta (VN), Vitol representatives exercised their shareholder rights today at the general shareholder meeting of VN. The Middle East’s Pivot to Asia Conference. - The shareholder was a National Fund - Owned, Two 2nd. , subject to customary closing conditions, with an expected closing date of January 31, 2008. VTTI owns 15 hydrocarbon storage. A spokeswoman for the Chengs’s publicly traded retail business, Chow Tai Fook Jewellery Group, said she could not. Its Email address is [email protected] In 2012, it formed a coal trading company in neighboring Mozambique by buying a stake in a terminal that exports coal from South African mines. Vitol shareholders were awarded payouts totaling about $7. Vitol Aviation UK Ltd has been running for 15 years 4 months. Following the completion of the Loan Restructuring, the Debenture Conversion, the Heaney Settlement (as described below) and the Additional Loan Funding (as described below), Vitol directly or indirectly holds 77,014,802 Common Shares, which constitutes approximately 49. The company is seeking the guarantee for a period of up to 18 years against the. 7 salaries for 3 jobs at Vitol S. Only shareholders, who include Anglo American Plc, have an automatic right to ship through the terminal. The company's chief executive is Russell Hardy. Sunoco Logistics buys Vitol Permian system Sunoco Logistics Partners LP has bought Vitol Group’s Permian basin crude oil system for $760 million plus working capital. Arnold Vitol (1922–2000) Writer | Miscellaneous Crew + Add or change photo on IMDbPro » Contribute to IMDb. It was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger, and is a private company, with 350 employees making up its shareholders. It has headquarters in Rotterdam and Geneva. The Investor Relations website contains information about United Airlines Holdings, Inc. This company is now Active. Vitol and Helios Acquire Shell' s 20% Shareholding in Vivo Energy - Vinson & Elkins LLP We use cookies on our website to distinguish you from other website visitors and to provide a better browsing experience. Only shareholders, who include Anglo American Plc, have an automatic right to ship through the terminal. Privately-held Vitol is to delist its product carrier company Latvian Shipping (LSC). The deal was expected to close by the end of the year, and Noble shareholders approved the sale at a special meeting Dec. But whether it's well intervention, subsea robotics, or deep-sea trenching, Helix Energy Solutions is able to provide the support you need. is acquiring a 10% stake in Vitol Group's worldwide fuel-storage business, boosting its capacity to store and supply crude in key export markets. 94% of the share capital. " And, "to the extent [she] claims she is a shareholder or claims any rights to the shares registered in [Miguel's] name, she is bound by the forum-selection clauses" in. 5-billion debt restructuring Noble seeks to transform itself into an Asian-centric trader mainly dealing with coal, freight and liquefied natural gas REUTERS | August 27, 2018, 18:13 IST. As such, he is Vitol's senior shareholder responsible for the management of the Vitol Group's trading activities, companies and assets in North and South America. 6 Billion Payout to Its Traders in 2017. Instead, Vitol is a group of separate companies, each staffed by energy professionals with a true depth of experience in the business of oil transportation, market intelligence, refining, distribution, marketing, trading and finance. Vitol established its own storage and terminal subsidiary, VTTI, in 2006 and invested heavily to create a major international network of terminals at key trading hubs. They are the Vitol Holding II SA Shareholder's Agreement and the Tinsel Group Shareholder Agreement. Petrobras, as the company is known, has asked Vitol for details on what the company is doing internally regarding bribery allegations. Vitol is a private company founded in Rotterdam in 1966. • Represented a Lebanese shareholder in a global manufacturing business based in reorganization of their group of companies in view of a future IPO. Professional practice. Vitol will acquire from Grindrod a 35% interest in the company which owns the Maputo coal terminal concession for a consideration of US$67. Vitol is an energy and commodities company with revenues of over $300 billion. 23 million, plus interest, in unjust profits, while Corteggiano was hit with a proposed $800,000 penalty. Planck v Vitol Holdings II SA and Tinsel SA Acting for Claimant in Rotterdam proceedings challenging conversion of shares which had received dividend rights of about $200m into preferred shares with no rights to profits. JPMorgan ( JP. 62 billion to its shareholders via share buybacks in 2017, a filing by its holding company in Luxembourg showed * In 2016, it paid. Explore the district beyond the office, from a carefully curated collection of retailers, to a diverse range of art galleries and some of the city’s best restaurants. Image: Officials from Vitol, ADNOC, and IFM during agreement signing ceremony. 46 percent making VITOL the single largest shareholder. 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. 2 billion to its top executives and staff through share buybacks last year. hand Product Tankers - Purchased Two 35 K Dwt Tankers All Shares of NITC Transferred to NIOC Establishment of JV Tanker Shipping Company with BP (Total 10 Tanker vessels - 1. This site uses and sets "cookies" on your computer to help make this website better by keeping the site reliable and secure, personalizing content and ads, providing social media features, and analyzing how the site is used. Antwerp NV and Petroplus Refining Antwerp Bitumen NV was purchased in 2009 by Vitol. This contract, known in industry jargon as a ‘cash for crude deal’ guarantees privileged access to Kazakh crude and excellent long-term relations with the state. From 2008 to 2015, Vitol shareholders. Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over 6 mbpd of crude oil and products and, at any time, has 200 ships transporting its cargoes. Ingma distributed more than $1billion in dividends to its shareholders, including Vitol and its partners, which included three politically exposed persons (PEPs) with ties to Koulibayev. Vitol Netherlands B. Its core trading business is complemented by a range of strategic investments, ranging from refineries and storage to retail and distribution businesses. 6%) and France’s Total (13. All of the licences lie within proven hydrocarbon basins, with some adjacent to world class commercial discoveries that have been made in recent years. FILE PHOTO: Protesters display a banner and posters in front of the venue of commodities trader Glencore's annual shareholder meeting in Zug, Switzerland May 2, 2018. Vitol’s LPG (propane) trading. Das Letztere beinhaltet eine Aktienbeteiligung in Arawak [6] , mit Produktionen in Russland , Kasachstan und Aserbaidschan , eine Aktienbeteiligung am Galoc Ölfeld , Philippinen [7] und eine Prospektion im Kongo und Ghana. 1 million shares) at Rs 162 each. The company was founded in Rotterdam in 1966 by Henk Viëtor. 12 Billion to Shareholders in 2016. The Geberit shares are listed on the SIX Swiss Exchange; since 2012, the Geberit share has been included in the SMI. Feb 05, 2018 · Vitol Group paid $1. Vitol partners with, funds or owns mines in the United States, Indonesia, Canada, South Africa and Russia. Vitol Group, the world's largest oil trading house, paid more than $2. Welcome to UniCredit Funding and Ratings Section. 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. Vitol hands record $1. Outline of the transfer: Pacific Investment Holdings Corporation, an indirect wholly owned subsidiary of JAL and the sole shareholder of PFTC, has agreed to transfer all 1,000 issued and outstanding shares of common stock of PFTC to Vitol Inc. Vitol trades with all the major national oil companies, the integrated oil majors and the independent refiners and traders. org is a repository of publicly available oil, gas, and mining contracts. Vitol will blend Arq Fuel™ into fuel oil and crude oil. In addition to the very positive contribution to the Corporation's 2009. 2018) — Brazil’s state-controlled oil firm Petroleo Brasileiro SA has suspended oil and refined products trading with Vitol, the company said in a statement to Reuters. Vitol is the world's largest independent oil trader, trading over 7 million barrels of crude oil and products a day. 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. Vitol has also had scrapes with HM Revenue and Customs over a employee benefit scheme for senior staff it set up but later dismantled. Vitol, the largest private petroleum trader, reports more revenue than Chevron or Toyota. The favorable trading environment propelled Vitol to distribute the huge dividend among a group of about 350 top employees who are also shareholders. We are unencumbered by external shareholders and the need to answer to analysts and investment funds. (Bloomberg) -- Abu Dhabi National Oil Co. Abu Dhabi National Oil Co. , a majority shareholder in Latvian Shipping Company (LSC), has proposed to delist and sell 200 million bearer shares of the shipping company, listed on Nasdaq Riga. Vitol signed the share purchase agreement with four major shareholders of Hascol, namely Mumtaz Hasan Khan, Fossil Energy (Private) Limited, Marshal Gas (Private) Limited and Liaquat Ali. He explains the business model and how he sees shareholders getting paid for an investment. Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over 6 mbpd of crude oil and products and, at any time, has 200 ships transporting its cargoes. 12 billion to its top executives and employees through share buybacks in 2016, making it one of the oil trader's highest payouts, Bloomberg reported on Monday. On July 17, 2017, the majority shareholder of joint stock company "Latvijas kuģniecība" (hereinafter - LSC or Company) Vitol Netherlands B. Cargill faced pressure from the shareholders and charitable trusts that owned stock in the company; on paper, they were worth a lot but were very illiquid. Global energy trader Vitol [VITOLV. Ikwezi Mining enters off-take agreement with Vitol 23/01/2013: Assegai Project Prospecting Right Executed 22/01/2013: Annual Report to shareholders 15/10/2012:. Vitol Group's plans to buy a stake in Africa's biggest coal terminal from a company controlled by South Africa's Gupta family, who are friends of President Jacob Zuma, could be thwarted by the preemptive rights held by existing shareholders in the export facility, people familiar with the. Margins in the trading business are razor thin, but the company’s profits are divvied up among just 350 or so shareholders. It has the exclusive licence from Shell to source, distribute and supply Shell branded fuels and lubricants to retail and commercial customers in 15 countries in Africa, serving over 700,000 customers. Marathon Oil wants to hear from you. Arq has partnered with Vitol to distribute Arq Fuel™ globally. 1% stake to Geneva-based energy trader Vitol for C$10-million, or C$1. Our mission is to achieve growth and benefit society by supplying a broad range of chemical products. FILE PHOTO: Protesters display a banner and posters in front of the venue of commodities trader Glencore's annual shareholder meeting in Zug, Switzerland May 2, 2018. Vitol decided to bid via Euromin, a company owned solely by Vitol Group, to improve its chances of becoming a strategic partner in the terminal. 6590: Sustainable Capital Ltd. ResourceContracts. In 2000, the Group opened a trading office in Calgary, Canada, to focus on the North American domestic crude oil market. Viva Energy's growing network of service stations makes our fuels and lubricants available right across the country. Its employees, who are also the firm's shareholders, were rewarded handsomely. Speaking of Stepanov and other Ventbunkers shareholders, Vaivads said not only has he not spoken with them in a long time but that he has no interest in doing so. (“Vitol”) announced signing of Heads of Agreement (“Agreement”) for the supply of LNG. Vitol is the world's largest independent oil trader, trading over 7 million barrels of crude oil and products a day. Vitol's first business relationship with Ljungberg dates back to the 1990s when it bought one of his companies; more recently, he acted as an agent, Vitol said. Vitol, Metz, and Maaraoui further asserted that Leticia's claims are "based on her alleged status as a VHIISA and Tinsel shareholder and arise from the Shareholder's Agreements. I have been working at Vitol S. The Geberit shares are listed on the SIX Swiss Exchange; since 2012, the Geberit share has been included in the SMI. , Rotterdam, succursale de Genève in writing, use the current postal address Place des Bergues 3. Arnold Vitol (1922–2000) Writer | Miscellaneous Crew + Add or change photo on IMDbPro » Contribute to IMDb. Vitol’s LPG (propane) trading. 6b payout to its traders in 2017. 94% of the share capital. JERUSALEM, June 11 (Reuters) - Shareholders in Israel's Delek Drilling will vote next month on whether to approve a $200 million investment that will allow the company to export gas to Egypt via a. " And, "to the extent [she] claims she is a shareholder or claims any rights to the shares registered in [Miguel's] name, she is bound by the forum-selection clauses" in. On completion, Vivo will be owned 100% by Vitol and Helios. Top Management VITOL. 6%), Italy’s ENI (13. This is the official website of Toagosei Co. It is a private company consisting of all 3200 employees as its shareholders. RIO DE JANEIRO (Reuters) - Vitol, the world's biggest oil trader, and France's Total are in talks to acquire Brazilian fuel distribution company Alesat Combustíveis SA, Brazilian newspaper Valor Economico said on Tuesday. Azonto's interest in CI-202 Block is its main undertaking and under Australian Stock Exchange Listing rules, the shareholders of the company have to approve the sale. Vitol Group paid $1. Vitol's head offices are located in Rotterdam, the Netherlands, and Geneva, Switzerland and their main operations are based in Geneva, Houston, Singapore, and London. Unbeknown to those outside Vitol's inner sanctum, the IPO option reached the executive committee, where it was defeated by what Finch says was a "narrow vote. VTTI Energy Partners LP (NYSE: VTTI) has been informed by VTTI BV that Vitol Investment Partnership, an investment vehicle sponsored and managed by Vitol, has agreed to acquire MISC Berhad's. Part of the Corporate Legal Department until March 2016: filing and keeping up to date global corporate data, preparation of powers of attorney, board and shareholders resolutions, providing local secretarial assistance to global offices and assisting in M&A activities. ADM is an equal opportunity employer. Vitol Group, the world's largest oil trading house, paid more than $2. It is our vision to use our strategically located assets to be a leading provider of services in the energy industry. Contact info Suite 6, 295 Rokeby Road. Third party shareholders / pensions funds. Houthoff advised Vitol and Helios Investment Partners with the acquisition of a 20% interest in Vivo Energy from Shell. Rosneft and Vitol Sign Heads of Agreement on LNG Sale and Purchase 21 June 2013 Capitalizing on their successful cooperation in oil and petroleum product supplies, Rosneft and Vitol have agreed heads of terms regarding cooperation in a new sphere – liquefied natural gas (LNG). Shareholders of Ventbunkers, an oil handling outfit, are seeking damages from businessmen allied with Vitol for having been pushed out of the business in the beginning of 2007. Vitol distributed US$1. Further to the acquisition of Shell’s 20% shareholding in Vivo Energy by Vitol Africa B. Pakistani fuel retailer and storage provider Hascol Petroleum is in talks with global oil trader Vitol Group to sell a stake of the company. Vitol has previously sold shares in two smaller businesses — its terminal and storage unit and Kazakhstan-focused oil explorer Arawak Energy Ltd. The Terminal. The proposal is set to be discussed at the extraordinary shareholder meeting scheduled for December 20, 2017. The NNPC has reportedly issued award letters for highly sought-after contracts to exchange crude oil for imported fuel, with some Nigerian oil firms beneficiaries. The buy-backs — Vitol's principle way of rewarding about 350 top employees who own shares in the privately-held company — bring to. 469%), Vitol Upstream Tano (33. Get to know the Tullow Oil Board of Directors. This site uses and sets "cookies" on your computer to help make this website better by keeping the site reliable and secure, personalizing content and ads, providing social media features, and analyzing how the site is used. FILE PHOTO: Protesters display a banner and posters in front of the venue of commodities trader Glencore's annual shareholder meeting in Zug, Switzerland May 2, 2018. Foseco, is a world leader in the supply of foundry consumables and solutions. After months long «struggle» Vitol Group has finally succeeded in changing the composition of AS Latvijas kuģniecība (Latvian Shipping Company, LASCO) Supervisory Council and Management Board, electing only persons loyal to them. This service is produced by Kompass.