Trafigura news

com Trafigura and IFM will jointly own and operate concentrates terminal infrastructure, fluvial operations, and global freight forwarding and multi-modal transportation services Trafigura to Invest in Project to Monitor DRC Artisanal Cobalt Production The Geneva-based company is set to pilot the project at the Mutoshi mine in the DRC. Latest Trafigura articles on risk management, derivatives and complex finance Trafigura denied licence to operate fuel pumps in India. 09. Accessibility links. 2007 · Trafigura haunts PNP Contractor general recommends Colin Campbell be charged for obstruction in probeThe Court of Appeal has reserved judgment in the application filed by lawyers representing former Prime Minister Portia Simpson Miller and other senior officials of 04. Trafigura Group Pte Ltd ("Trafigura"), one of the world's leading independent commodity trading companies, has named the first of its 35 crude oil and product Recent News MMi Daily Iron Ore Index Trafigura Add to myFT. Below is the story of their involvement in dumping of toxic waste in Ivory Coast, leading up to a fine of €1m by a Dutch court earlier in the year. 04. natural gas exports. Find the latest Nigeria and world news and analysis, headlines, blogs, pictures and videos about Trafigura from TODAY. Trafigura has lost its last big contract in Angola, once a core market and revenue generator for the trading house, as the country's new president Joao Lourenco part ways with oil firms that Trafigura News: Latest and Breaking News on Trafigura. Trafigura is supplying five shipments, followed by Shell with three, Rosneft with two, and PetroChina with one. 11. The resulting waste was dumped in Abidjan by a local company hired by Trafigura to dispose of it for just US$17,000. Energy trader Trafigura has backed an order at Korean and Chinese shipyards of up to 32 tankers that the firm plans to place into its growing wet freight trading division, Trafigura said. for their alleged role in a kickback scheme with officials at Petroleo Geneva-based commodity trading company Trafigura increased its LNG traded volumes by 22% to 9. The oil price crash to less The amount WAPA will have to pay for the fuel is estimated at $24. 06. KINGSTON, Jamaica, October 13, 2006 – More fallout, casualties, apologies, and investigations this morning over the PNP/Trafigura scandal. The embargo had been placed a month earlier, and staunchly defended by Carter-Ruck, a City law firm who were to suppress news whilst protecting their client’s reputation. Trafigura is hiring the world’s top traders into jobs offering immediate global mobility, the potential for rapid promotions, and a fast-paced working environment. Our extensive global network of correspondents report on supply and demand trends, corporate news, government actions, exploration, technology, and much more. LONDON, April 4 (Reuters) – Commodities trader Trafigura has signed an offtake agreement for cobalt hydroxide running to December 2020 with Shalina Resources and its subsidiary Chemaf, based in Trafigura lawsuits (re Côte d’Ivoire) Pour la version française de ce profil, cliquez ici. Trafigura Hires ex-Noble Crude Oil Trader. Allegations centre on payments to state-owned oil company Petrobras. THE BUSINESS TIMES Trafigura - Find Trafigura News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. 15. 2018 · Trafigura and others have struggled to make money from buying and storing cheap crude22. Natixis led the loan, but sources at the bank declined to disclose the tenor and the pricing, or name the other banks in the loan. The proposal would allow the company to bypass draft “Trafigura Mexico is very pleased with Telson’s Mexican operations, both Tahuehueto and Campo Morado, and are fully confident that Telson’s management will soon deliver a new operating mine LONDON, Dec 8 (Reuters) - * Commodities trader Trafigura said it has agreed to buy an oil refinery, over 250 service stations, a lubricants plant and fuel storage terminal in Argentina from Pampa Energia SA * The sale is expected to close in early 2018, Trafigura said in a statement * Trafigura already has a retail presence in the country as (Bloomberg) -- Brazil’s federal police are investigating oil trading giants Vitol SA, Trafigura AG and Glencore Ltd. The questioning is more specific and tougher, so know more about the branches of Trafigura and why you want to work in a particular one. RIO DE JANEIRO/SAO PAULO (Reuters) - Trading giants Vitol, Trafigura and Glencore (LON:GLEN) paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil Trafigura, which also entered into a long-term partnership with Australia-based funds manager IFM Investors, did not disclose the amount invested. This enabled Trafigura to broaden its focus in risk management and the balancing of global commodities supply and demand. Trafigura, headquartered in Singapore, is a multinational commodity trading company founded in 1993 that trades in base metals and energy, including oil. 2007 · Trafigura haunts PNP Contractor general recommends Colin Campbell be charged for obstruction in probeThe Court of Appeal has reserved judgment in the application filed by lawyers representing former Prime Minister Portia Simpson Miller and other senior officials of Trafigura Group on the Global 500 via @FortuneMagazine04. Sep 24, 2018 Trafigura group helps to re-establish historic African trade route. The commodities trader finally 21 Nov 2018 Nyrstar announces agreement of USD650 million committed working capital facility with Trafigura European Regulatory News. Top Maritime News Our mission. 5 million fuel costs, plus about $3. 2018 · Trafigura has already increased its foothold in nickel with an exclusive offtake agreement with Finland's Terrafame, that also produces zinc and cobalt. Skip to article Top news galleries. Four industry sources have told Reuters that Swiss oil trader Trafigura is still indirectly supplying gasoline to Iraq through another firm, despite being banned from participating in tenders for 2013 after buying oil from Iraqi Kurdistan. A The SFF's contract with High Beam/Trafigura involved replacing and transferring oil in the SFF's storage tanks, and gave Trafigura the right to trade on oil markets on the SFF's behalf. Trafigura AG is a wholly owned subsidiary of Trafigura Beheer BV ("Trafigura"). , including a nearly USD 1 billion investment in the export terminal and condensate splitter in Corpus Christi, Texas (Buckeye) and the construction of the Burnside Bulk Storage Terminal in Darrow, Louisiana. " The Trafigura Group Pte Ltd, one of the world’s leading independent commodities trading companies, has completed the previously announced acquisition of the majority of the downstream assets of Pampa Energia SA. Headquartered in Geneva, Trafigura is 20. is a multinational commodity trading company founded in 1993 that trades in base metals and energy. TRAFIGURA, one of the largest independent oil traders in the world, has launched bonds for a structured financing programme backed by a portfolio of commodities - the first of its kind in the commodity financing landscape. It is read by terminal managers, senior engineers - Sarasota Herald-Tribune Reel Big Fish, Less Than Jake to headline JDub's 5-year anniversary festivalThe latest news, events and updates for executives, technicians, engineers and all professionals working in the global bulk liquids storage industryTank Storage Magazine is the world’s only publication dedicated 100% to the bulk liquid storage industry. Federal prosecutors in Brazil have filed corruption charges against two former executives from commodities multinational Trafigura, a former executive at Get the news. The Court of Appeal has reserved judgment in the application filed by lawyers representing former Prime Minister Portia Simpson Miller and other senior officials of the People's National Party (PNP) in the Trafigura case. Reuters reports that Trafigura, Vitol and Gunvor were all looking to develop LNG import projects in Bangladesh, with AOT Energy already having provisionally agreed to supply the country with 1. 4 billion in 2017. Trafigura Targets $8 Billion India Metals Market with David Cutter @Diageo_News and James Nicolson @Trafigura will discuss with @echasan @business how they enforce supplier requirements ensuring sustainable operations upstream and downstream for their businesses at #SustainableBizSummit tomorrow. com brings latest trafigura news, views and updates from all top sources for the Indian Energy industry. Further details on the FSRU-related investment and project timeframe are yet to be disclosed. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. Commodities trader Trafigura has signed a three-year offtake deal for cobalt hydroxide with one of the largest producers of cobalt in the Democratic Republic of Congo (DRC). Mutsvangwa accuses Trafigura of ‘using public infrastructure’. 2017 · Trafigura, one of the world’s largest independent oil traders, has provided further detail on the scale of its business with national oil companies 02. Trafigura acquired these through Sakunda on acquisition of the company,’ said a fuel industry source familiar with the fights. December 10, 2018. Latest M&A news in Oil & Gas. It aims to train, The Latest news in Nigeria and world news. In Malta the company has been banned from tendering for oil supply contracts because of corruption and it is in court. Trafigura Blogs, Comments and Archive News on Trafigura Group is #32 on the 2017 Fortune 500 list. As widely reported by various media outlets last month, Trafigura Group Pte Ltd recently acquired the majority of Pampa Energia SA’s downstream assets. The Texas Gulf Terminals Project is the latest of Trafigura’s investments in the U. A Dutch court has found multinational Trafigura guilty of illegally exporting toxic waste from Amsterdam and concealing the nature of the cargo. 094. Trafigura has tripled the size of its management committee, bolstering the position of CEO Jeremy Weir while also giving more responsibility to the next generation of potential leaders, the Swiss Get the news. Ahead of IMO’s implementation of a tougher sulphur cap on bunker fuel from 2020, the oil trader ‘Trafigura Popular World News. 9 B purchase of India's Essar Oil refinery 8/21/2017 MUMBAI (Reuters) — Russian oil major Rosneft and partners closed their $12. Home News Rosneft, Trafigura close $12. "The bad news is that I'm new to Android development and I don't consider myself a great developer," he said. 2006 · Lawsuits against Trafigura over alleged dumping of toxic waste in Abidjan, Côte d’Ivoire (Ivory Coast). "We welcome Trafigura's more than 25 years of global commodity trading experience to Freeport LNG's expanding operations. Trafigura, the Dutch oil company that the Government of Zambia says is” reputable and credible” is neither. crude oil has invoked a 12-year-old criminal case against the commodities trading house Trafigura as it seeks to slow its efforts to build an alternative site to load supertankers. Trafigura Blogs, Comments and Archive News on May 30, 2018 Trafigura, the commodities trader, has been seeking redemption ever since its toxic-waste spill a dozen years ago. In Latin America, it has presence in Paraguay, Peru, Bolivia Brazil prosecutors allege the Glencore ([[GLCNF]], [[GLNCY]]), Trafigura and Vitol trading houses paid more than $30M in bribes to Petrobras (PBR) employee Check out for the latest news on Trafigura along with Trafigura live news at Times of India The Court of Appeal has reserved judgment in the application filed by lawyers representing former Prime Minister Portia Simpson Miller and other senior officials of the People's National Party (PNP) in the Trafigura case. However market sources told Reuters last month Trafigura was aiming to influence board decisions and tighten its grip on the world's largest zinc producer. Dec 5, 2018 Commodity traders Glencore, Vitol and Trafigura are under And unlike many news organisations, we haven't put up a paywall – we want to Oct 22, 2018 Count one alleged that Messrs Trafigura Baheer BV, Yusuf Yahaya Kwande, Mettle Energy and Gas Ltd, Renbrandt Ltd, Legal · Oil · News Trafigura Group is #32 on the 2017 Fortune 500 list. Share This Story! Let friends in your social network know what you are reading about. 2018 · Enarsa of Argentina has reportedly launched a tender seeking seven cargoes of liquefied natural gas (LNG) for delivery to its two import terminals. Tian Meng, a Trafigura marketer based in Beijing, was also charged with bank fraud, alongside Zhang Wei, a trader associated with Qingdao United Energy. LONDON, Dec 16 (Reuters) - Commodity trading giant Trafigura said on Tuesday it and Vanomet, a steel and raw materials trader, had struck a deal to supply iron ore and coking coal to the British unit of Thai steel firm Sahaviriya Steel Industries . 2018 · Duval admits he's no Android expert. 5 Dec 2018 Commodity traders Glencore, Vitol and Trafigura are under And unlike many news organisations, we haven't put up a paywall – we want to 25 Oct 2018 For nearly a decade, Trafigura Group Chairman Claude Dauphin coveted a zinc deal with Europe's top smelter. Fastest Market reported that the balance of power in the refined zinc market will shift in 2019 when Trafigura replaces Glencore as the largest offtake partner of Nyrstar. But the price for the 35 tankers headed for Trafigura's fleet is so low, that it is hard to doubt the upside, the commodity trader's Global Head of Wet Freight, Rasmus Bach Nielsen, tells ShippingWatch. Trafigura, a multinational commodity trading company, is currently in court on a three-count charge of conspiring to steal 6,425,271 metric tonnes of Automotive Gas Oil worth about $8,442,806. Petroleo Brasileiro SA. Galena Asset Management The Private Investment arm of the Trafigura GroupMaster Hurst has ruled in Motto & Others v Trafigura (SCCO, 29/06/2011) (click for judgment) that in a CFA funded case interest on costs should not begin to run until The 2006 Ivory Coast toxic waste dump was a health crisis in Ivory Coast in which a ship registered in Panama, the Probo Koala, chartered by the Singaporean-based oil 13. Trafigura on offshore port. Trafigura was alleged to have shipped the untreated chemical waste to Côte d’Ivoire with knowledge that there were no facilities to treat it. Facebook Email Twitter Google+ LinkedIn Pinterest. Ltd. Add this topic to your myFT Digest for news straight to your inbox. Liquefied Natural Gas Imports, Exports and Fuel. Trafigura s single-point mooring buoy an integral part of its planned Texas Gulf Terminals VLCC loading facility off the port of Corpus Christi will have the capacity to handle an average 500 000 b/d The prosecutor charged Trafigura's Singapore entity because it was the counterparty of the Qingdao firm in the alleged trade financing deals, according to the document. If the company is known for anything, it was an incident a dozen years ago Trafigura Group denied it was involved in the illicit transfer of fuel to North Korea after the South Korean government said the world’s third-biggest independent oil trader originally owned a Brazilian federal prosecutors on Friday filed corruption charges against two former executives of the oil trader Trafigura for allegedly paying at least $1. Singapore's commodity trading company Trafigura Group has named the first of its 35 crude oil and product tankers being built in South Korea and China. Trafigura's Texas Gulf Terminals looking to build a new offshore deep water terminal in the Gulf of Texas. The Trafigura, one of the world’s largest independent oil traders, has provided further detail on the scale of its business with national oil companies, revealing $22bn of deals with state Trafigura Group Pte. Brazilian federal prosecutors on Friday filed corruption charges against two former executives of the oil trader Trafigura for allegedly paying at least $1. Related News from Investigators said at a news conference in Brazil that top executives of the international companies had "total and unequivocal" knowledge of the graft scheme, which began in 2009, and said what they were making public now was just the "tip of the iceberg. The pricing on offer is said to be around the same as the previous loan, despite a drop in Trafigura’s 2016 profits. 2018 · Trafigura and others have struggled to make money from buying and storing cheap crude. Trafigura sailed back into controversy yesterday amid accusations that the commodities trading giant was dealing in illegal oil cargo. Fuechec@informa. com. 24%) in the Nagarjuna Oil Trafigura Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. 21 Sep 2018 Nadabo Energy alleged that solicitors of Trafigura are working to ensure justice does not prevail in the case. 2018 · Trafigura and others have struggled to make money from buying and storing cheap crudeTrafigura Group Pte. S. 5 million in bribes to employees of Commodity trading company Trafigura has has started a new bunkering venture in the Americas. Nyrstar NV ("Nyrstar" or the "Company", together with its subsidiaries, the "Group") announces that it has signed a binding term sheet with Trafigura Pte Ltd ("Trafigura") under which Trafigura . 6 million Trafigura is a multinational commodity company that trades in base metals and energy. Profile. Rasmus Bach-Nielsen, Global Also implicated in the Trafigura deal is the Brainworks Capital Management firm, which made news headlines last year after company founder George Manyere was paid $40 million dollars to prepare the Zimplats indigenisation agreement. KRIS 6 News reached out to Trafigura for comment, but didn’t get a response. News IEnova & Trafigura to construct new marine terminal in Manzanillo, Mexico IEnova, Sempra Energy’s Mexican subsidiary and Trafigura have executed a long-term terminal services agreement for 740,000 barrels of storage capacity of a marine facility for the receipt, storage and delivery of refined products in Manzanillo, Colima. Industry sources say Latsco is in the process of firming up a first LNG berth at South Korea’s Hyundai Heavy Industries — its favoured shipbuilder. 85% of assets (if sized at $300 million). Headquartered in Geneva, Trafigura is legally registered in Singapore. “Trafigura Mexico is very pleased with Telson’s Mexican operations, both Tahuehueto and Campo Morado, and are fully confident that Telson’s management will soon deliver a new operating mine You have to prepare a 10 minute presentation about a news piece that will affect the industry. Trafigura is among the sector’s most frequent visitors to Asia’s debt finance markets. Top executives of the international companies had “total and unequivocal” knowledge of the graft scheme, which began in 2009, investigators said at a news conference in Brazil, adding that the Gunvor, meanwhile, a rival trader, is reportedly advancing with a separate project. Trafigura, the world's third largest oil trader, says it is reviewing whether crude oil it bought from Sudan belongs to South Sudan. At the top of the list is the question of whether the Commodities trader Trafigura has launched the refinancing of part of its flagship 2015 European RCF with a group of international banks. Trafigura rejected this offer because of the ‘high cost’. A rally to $100 could prove costly for oil importing nations with already big current account deficits Get our news on your inbox! Suscribe x. ‘But the key interest is the fuel assets. A fleet expansion for around USD 1. com. It is read by terminal managers, senior engineers - Sarasota Herald-Tribune Reel Big Fish, Less Than Jake to headline JDub's 5-year anniversary festivalThe latest news, events and updates for executives, technicians, engineers and all professionals working in the global bulk liquids storage industryPiper Alpha is an offshore oil and gas platform that suffered an explosion in July 1988, still regarded as theRead Moreسأتوقف قريباً عن تحديث الموقع على أمل أن يستمرّ فيما بعد تحت إشراف أسرة تحرير مكوّنة من EUROPETROLE est un portail sur l’industrie du pétrole et du gaz qui propose l’actualité, un espace emploi, un annuaire de plus de 1500 entreprises dans le Trafigura Group Pte. Junck," said Nyrstar spokesman Greg Morsbach. Even before its conclusion a fortnight ago, Trafigura released 100 million litres of fuel to the government, which immediately eased shortages in the economy. The growth in commodities demand fuelled by rapid industrialisation in China and other emerging markets was a major driver of growth over the next 15 years. The news of the settlement came as a UN report on claims that people had fallen sick or died as a result of the dump was published. The Guardian couldn’t cover the remarks, which centred around Trafigura’s alleged dumping of toxic waste in the Ivory Coast. Council to consider resolution against Trafigura project. “We plan to develop a second LNG import, also at Port Qasim, with a jetty, berth, and a second FSRU,” a Trafigura spokesperson confirmed to World Maritime News. The facility was extended by the Singapore-registered Trafigura which, together with its Zimbabwe partner Sakunda Supplies, controls 70 percent of the fuel market through the Puma Energy service stations. Si vous continuez à utiliser ce dernier, nous considérerons que vous acceptez LNG News, information and analysis from around the world. Trafigura, which is run from Switzerland by billionaire Claude Dauphin, confirmed that the oil it bought from Sudan is subject to a legal claim from South Sudan Published: 8 Feb 2012 Trafigura in View the Press Release in Spanish Buenos Aires, May 10 th 2018 - The Trafigura Group Pte Ltd, (“Trafigura”), one of the world’s leading independent commodities trading companies, has today completed the acquisition of the majority of the downstream assets of Pampa Energia SA. BW LPG, Trafigura and UASC suing WFS over contaminated bunkers Off-spec fuel said to have caused damage to fuel pump systems aboard two VLGCs, plus problems on a tanker and boxship. The 50-50 joint venture will own and operate a network of terminal infrastructure in Mexico, Peru and Spain, Trafigura said, among other operations. Add to myFT Digest. 02AM IST. 5 million in bribes to employees of A Texas seaport handling booming exports of U. Trafigura India says the deal was a strategic play for the company. Trafigura, the little-known, privately held trading house of raw materials such as oil, coal, iron ore and metals has benefited handsomely from soaring prices for many commodities recently. groundbreaking news website that encourages citizen journalists to report ongoing corruption and Get all latest & breaking news on Trafigura. 2011 · This list was originally titled “Most Evil Corporations” but the author thought it would be best to keep the site’s neutral status and minimize the Nous utilisons des cookies pour vous garantir la meilleure expérience sur notre site. The company, best known for seeking to kill a story about its Oilgram News brings fast-breaking global petroleum and gas news to your desktop every day. In 2015, the privately held company notched $1. Galena Asset Management The Private Investment arm of the Trafigura Group The 2006 Ivory Coast toxic waste dump was a health crisis in Ivory Coast in which a ship registered in Panama, the Probo Koala, chartered by the Singaporean-based oil and commodity shipping company Trafigura Beheer BV, offloaded toxic waste to an Ivorian waste handling company which disposed of it at the port of Abidjan. AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 800 news and information items daily from over 140 African news organizations and our own reporters to an IEnova and Trafigura have signed a long term agreement to develop a refined products marine terminal in the Port of Manzanillo in the Mexican Pacific state of Colima, the companies said Friday. RIO DE JANEIRO, Dec 20 (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 addition to freezing work with Vitol SA. 9 B purchase of Indian refiner Essar Oil on Monday, giving them a foothold in one of the world's fastest growing oil users. Nadabo Energy Demands Police Inquiry Into Money Laundering Accusations Against Trafigura Energy · News Trafigura Group Pte. Profits at commodity trader Trafigura plunged by 50 per cent in the first half of its financial year, as it struggled with tough conditions in the oil market, one of its two core businesses. Most Trafigura employees using Emolument work in Singapore for an average salary of $115,000. December 17, 2018 Company News, Crude Oil, Government, News, South America 0 Brazilian prosecutors in charge of the Lava Jato corruption probe said Friday executives from global trading company Trafigura are the first target in their investigations regarding crimes in Petrobras’ oil trading. “Our clients response is that Trafigura confirms being awarded a contract for the amount of $28 million on 12th November 2014. Trafigura and oil major BP are in the process of syndicating a $1. 5 billion may sound like a lot. The report describes how Trafigura purchased large amounts of an unrefined gasoline called coker naphtha, then subjected it to a refining process known as "caustic washing", which is known to The Latest news in Nigeria and world news. Trafigura Beheer, the multinational commodities trading company which is at the centre of a scandal in Jamaica, is embroiled in an investigation into a Zambian government minister. Trafigura called an end on Monday to its aggressive expansion into infrastructure, as the commodity house aims to cut debt and focus on its core oil-trading business. Save. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. Find breaking news, commentary, and archival information about Trafigura From The tribunedigital-chicagotribune Investigators said at a news conference in Brazil that top executives of the international companies had "total and unequivocal" knowledge of the graft scheme, which began in 2009, and said what they were making public now was just the "tip of the iceberg. Create an alert to follow the executive moves at Trafigura. 5 million tonnes of supply over three years to underpin trade growth The trading company Trafigura has added $530m to a syndicated loan for its subsidiary in Peru and increased the maximum amount to $830m, LatinFinance has confirmed. The best paid Trafigura employees work in USA for an average salary of $115,000. 01. Find the latest news, stock prices and financial information for Trafigura Group on Fortune. More News. It first closed a US$300mn RCF in 2006 and a recent facility, which will now be refinanced, was a US$1. An EFCC prosecution witness on Monday told an Ikeja Special Offences Court how an international … The plant will cost about 240 million euros, Terrafame said, and that Trafigura will lead an additional financing package worth about 100 million euros for the investment. Swiss commodity giant Trafigura has seen a 50% drop in profits for the first half of its fiscal year because the days of buying and storing cheap crude are over. The News Agency of Nigeria reports that Trafigura Beheer BV Trafigura PTE Ltd is facing trial alongside two oil marketers – Osahon Asemota and Yusuf Kwande. 2017 · Trafigura, one of the world’s largest independent oil traders, has provided further detail on the scale of its business with national oil companies Trafigura Group Pte. Trafigura Global Commodity Trading Founded in 1993, Trafigura is now one of the world’s largest independent commodity trading companies, specializing in the energy and base metals market. 64% of Nyrstar and has executives Jesús Fernandez and Christopher Cox on the smelter’s six-person board, will gain a foothold in the US market via Clarksville, which is the last major zinc ingot refiner in America. In 2006, Trafigura transported waste alleged to ETEnergyworld. 5 million, according to court documents, which is the principal amount of about $23. trafigura news Established in November 2007 as an independent philanthropic entity, the Trafigura Foundation provides long-term funding and expertise to improve socio-economic conditions of vulnerable communities around the world. The alleged graft was the latest finding of the country’s sweeping “Car Wash” investigation, which has uncovered the largest corruption scheme in Brazil in decades and has revealed damaging information about activities at Petrobras, as the oil company is known. The commodity trading and Top executives of the international companies had "total and unequivocal" knowledge of the graft scheme, which began in 2009, investigators said at a news conference in Brazil, adding that the details being made public were just the "tip of the iceberg. Watch videos, top stories and articles on Trafigura at moneycontrol. During the year, Trafigura also expanded its global trading team to prepare for further growth and added strength in Singapore to reflect the increased geographical diversification of its LNG business. The LNG will be be supplied from its export facility under construction on Quintana Island near Freeport, Texas. 3 billion, about N860 billion to state entities in 2013, with the Nigerian National Petroleum Corporation, NNPC, receiving $2. 5 Geneva-based commodity trading company Trafigura increased its LNG traded volumes by 22% to 9. Trafigura mining news. Trading house Trafigura has hired Dan Stirk, formerly a North Sea crude oil trader at commodity trader Noble Group, to join its crude desk, according to trading sources. In 2006, the Trafigura scandal resulted in the resignation of Colin Campbell as Information Trafigura representatives have said the single-point mooring buoy system reduces the opportunity for spills and emissions each time crude oil is transferred by eliminating “unnecessary ship By John Lee. The global rout in commodities prices has left Trafigura, one of the world’s biggest commodities traders, none the worse for wear. Until this week the story was still available on the BBC Brazilian federal prosecutors on Friday filed corruption charges against two former executives of the oil trader Trafigura for allegedly paying at least $1. Lawsky opened his probe after news reports that Switzerland-based Glencore Xstrata Plc and Trafigura AG had supplied thousands of tons of alumina to an Iranian firm that provided aluminum for Iran's nuclear program. Trafigura intended to mix the cleaned naphtha with gasoline and sell it for a profit of around US$7 million per cargo. . 5m Paid a fair price for Essar Oil: Raoul Bajaj of Trafigura India 18 Oct, 2016, 11. Oil trader Trafigura Group jockeys for more transparency Trader for the first time disclosing new information about payments to governments. FIRST SHIPMENT OF COPPER SUCCESSFULLY ARRIVES IN THE Singapore - Trafigura Pte Ltd today announced the investment of up to USD130 million into a significant equity stake (up to approx. was founded in 1993 and it has 61 offices in 36 countries. Brazilian prosecutors charged ex-executives of commodities trader Trafigura Group and oil company Petróleo Brasileiro SA, or Petrobras, with corruption and money laundering in relation to a Trafigura tried to get rid of it in Amsterdam by disguising it as less hazardous waste – but it was rejected when the disposal company realised it was more contaminated than they thought. Altogether, the four new tranches of notes to be issued represent 7. Abidjan, the economic capital of Cote d'Ivoire, and the site where Trafigura dumped waste, the toxicity of which is discussed in the Minton Report. Trafigura gains Trafigura, which now owns 24. The Guardian newspaper has reported that the minister is accused Trafigura denied it was involved in the illicit transfer of fuel to North Korea after the South Korean government said the world’s third-biggest independent oil trader originally owned the cargo that was shipped in breach of United Nations sanctions. Trafigura is one of the world's leading independent commodity trading and logistics houses. Dutch multinational commodity trading company Trafigura Beheer B. Trafigura is a The future of BP's Kwinana refinery lies in improving productivity as the Australian fuel market undergoes significant disruptions. Another Trafigura lawyer, Michael Wladimiroff, was quoted by Associated Press news agency as saying the company believed the Marine Pollution Treaty applied and that the court had incorrectly Trafigura is one of the hidden companies that power the world economy, linking suppliers and consumers of raw materials. Trafigura, Royal Dutch Shell, Rosneft, and PetroChina were awarded tenders to supply EGAS with a total of 11 LNG shipments between the months of June and August, sources told Al Borsa. It moved its headquarters from Geneva, where it maintains a significant presence, to Singapore in 2012. Trafigura hired RDI as a consultant in crisis management after two Trafigura executives were captured and imprisoned in the Ivory Coast while visiting there for the purpose of determining the LONDON, Sept 11 (Reuters) - Trafigura has lost its last big contract in Angola, once a core market and revenue generator for the trading house, as the country's new president Joao Lourenco part Joram Gumbo, the Energy Minister, said the facility was negotiated 'with Sakunda and its partner Trafigura'. Trafigura Group Pte Ltd ("Trafigura"), one of the world's leading independent commodity trading companies, has named the first of its 35 crude oil and product Recent News MMi Daily Iron Ore Index LONDON, Oct 11 (Reuters) – Copper producer Atalaya Mining, which is backed by Swiss trading giant Trafigura, is looking for a buyer, two banking sources said on Thursday. About Trafigura. THE ghost of the 2006 Trafigura scandal yesterday returned to haunt the Opposition People’s National Party (PNP) and, in particular, Colin Campbell as the Office of the Contractor General (OCG The Court of Appeal has reserved judgment in the application filed by lawyers representing former Prime Minister Portia Simpson Miller and other senior officials of the People's National Party (PNP) in the Trafigura case. Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. 9 million mt in its financial year ending September 30 2018, the annual report said. Trafigura sources, stores, blends and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. Trafigura was the counterparty to the alleged fraudulent deals, an indictment cited by Reuters claimed. 9bn package in September 2017. It was a mutual agreement between the board and Mr. French bank Natixis, information technology firm IBM and commodities trading group Trafigura have been working together for some time on a blockchain project for commodity trade finance in crude oil transactions in the United States. Trafigura could also get a stake in Essar's more than 2,000 retail fuel stations, a power plant and the Vadinar port, Bloomberg reported. 13. First shipment of copper successfully arrives in the Angolan port of Lobito by train from the democratic republic of the Congo Trafigura Group Pte Ltd (“Trafigura”), one of the world’s leading independent commodity trading companies has successfully taken the first step towards reopening one Commodity trader Trafigura purchased more LNG from the U. Riyadh, 23 October 2018 - Today, Trafigura Pte Ltd signed an equal joint venture partnership with Modern Mining Holding Company, an affiliate of the THE BUSINESS TIMES Trafigura - Find Trafigura News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Trafigura Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Trafigura representatives have said the single-point mooring buoy system reduces the opportunity for spills and emissions each time crude oil is transferred by eliminating “unnecessary ship The Latest news in Nigeria and world news. The facility will be paid for after 12 months, Gumbo said. Create an account. A NEW report is calling on British authorities to investigate multinational oil trader Trafigura over a 2006 toxic waste dumping scandal that killed at least 15 people and affected tens of Swiss commodity giant Trafigura has seen a 50% drop in profits for the first half of its fiscal year because the days of buying and storing cheap crude are over. " SINGAPOREAN global commodities firm, Trafigura Group, has agreed to bail out the debt-ridden and broke Zimbabwe government with US$1,1 billion to pay off the World Bank’s arrears, the Zimbabwe Independent has established. The three year FOB SPA with Trafigura will start on July 1, 2020, soon after the expected completion of construction of the third liquefaction train. The 15. a former Trafigura top executive, and Marcio Pinto Magalhaes, a country Swiss trading house Trafigura has announced plans to build an offshore crude oil terminal 15 miles off the port of Corpus Christi, Texas. 5 billion, according to Moody's. Brazil's Petrobras suspends oil and fuel trading with Trafigura, Glencore. V. Explore Trafigura profile at Times of India for photos, videos and latest news of Trafigura. on June 26, this time from the Freeport project in Texas for 1. At the time of the donation, Trafigura had an oil-lifting contract with the then PNP administration. 2018 · Sri Lankan government has reportedly received a free-of-charge bid for construction of a floating liquefied natural gas (LNG) import terminal by a South Tank Storage Magazine is the world’s only publication dedicated 100% to the bulk liquid storage industry. Trafigura, the giant commodities training firm, is hiring for its graduate programme. On 19 August 2006 the ship Probo Koala unloaded a waste shipment at Abidjan, Côte d’Ivoire (Ivory Coast). LONDON, Sept 11 (Reuters) - Trafigura has lost its last big contract in Angola, once a core market and revenue generator for the trading house, as the country's new president Joao Lourenco part Meanwhile Trafigura responded to queries through their lawyers Shamwana and Company confirming that the company had signed a contract on 12th November 2014. Trafigura issued $300 million a year and a half ago, but since then the balance of receivables in the revolving trust has more than tripled from around $1 billion to over $3. U. A NEW report is calling on British authorities to investigate multinational oil trader Trafigura over a 2006 toxic waste dumping scandal that killed at least 15 people and affected tens of RIO DE JANEIRO/SAO PAULO (Reuters) - Trading giants Vitol, Trafigura and Glencore (LON:GLEN) paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil Trafigura - The latest news about Trafigura from the WSJ Deal Journal Australia Blog. Trafigura declined comment. Up until now Trafigura has refused to settle, denying it was to blame. One of the stakeholders in the Essar Oil deal - Trafigura, says it has unlocked a significant value with this deal. S. Trafigura has lost its last big contract in Angola, once a core market and revenue generator for the trading house, as the country's new president Joao Lourenco part ways with oil firms that Trafigura, the world's third largest oil trader, says it is reviewing whether crude oil it bought from Sudan belongs to South Sudan. ETEnergyworld. Also find news, photos and videos on Trafigura Trafigura News Trafigura arm extends $20m to Mawson West's Congo copper mine 2016-03-03 Global commodity merchant Trafigura's investment arm will lend $20-million to an Africa-based copper mine owned by Mawson West Ltd, as the Australian miner prepares to shutter a copper operation in an effort to deal with sinking metal prices. Brazil charges ex-Trafigura executives with corruption. 03. Add to myFT Digest Thursday, 20 December, 2018. Trafigura, which also entered into a long-term partnership with Australia-based funds manager IFM Investors, did not disclose the amount invested. Trafigura said it made the payment because of “considerable sympathy for the people of Abidjan” and that it was “working with the government to improve their lives”. Latest Energy News. Trafigura sources, stores, blends and transports raw materials including oil, refined petroleum products and non-ferrous metals (iron ore and coal). A one-stop shop with up-to-the-minute news on deals, merger and acquisition and private equity in and about Trafigura News. The 2006 Ivory Coast toxic waste dump was a health crisis in Ivory Coast in which a ship registered in Panama, the Probo Koala, chartered by the Singaporean-based oil and commodity shipping company Trafigura Beheer BV, offloaded toxic waste to an Ivorian waste handling company which disposed of it at the port of Abidjan. Wondering if anyone has interviewed with them. The refinery, which is located in the Santa Fe province, has been shut down since February this year. 16. " AxiomSL’s platform will provide Trafigura PTE Ltd with, what we believe is, the best system available to make the unforgiving regulatory process most efficient”, said Mike Wainwright, Chief Operating Officer and Trafigura Management Board member. Trafigura signed the deal with Infraestructura Energética Nova, known as IEnova, for 740,000 barrels of fuels storage in the Mexican port city of Manzanillo in southern Mexico. Having cleared Trafigura of all charges, the Ivorian authorities prosecuted the waste handler, Tommy, and jailed the owner for 20 years. Enbridge Energy Partners and Enbridge Energy Management have announced they will merge (posted on Dec 18, 2018). Trafigura confirmed an order, announced last June, for up to 32 newbuild crude oil and product tankers, for delivery from late this year although most will arrive in the first quarter of 2019. 25 million tpy of LNG for a 15-year period. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD136. SAO PAULO, Dec 14 (Reuters) - Brazilian federal prosecutors on Friday filed corruption charges against two former executives of the oil trader Trafigura for allegedly paying at least $1. LNG World News Staff Trafigura, one of the world’s largest commodities trading firms, said its LNG volumes rose 22 percent in the 2018 financial year, driven by a surge in demand in Asia. Remember me Login Forgot password Login with Facebook. Trafigura, the multinational company, has been fined €1 million (£845,000) for transporting toxic waste to the Ivory Coast. One News Page > News Videos > Trafigura chief on strong trading start to 2016 | FT Markets Trafigura chief on strong trading start to 2016 | FT Markets Video Credit: Financial Times - Duration: 05:12s - Published 6 hours ago < > Embed Trafigura is the third-largest physical commodities trading group in the world behind Vitol and Glencore. trafigura newsTHE BUSINESS TIMES Trafigura - Find Trafigura News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Brazil charges ex-Trafigura executives with corruption. 1 billion of News Mark Fuechec Mark. Trafigura Private (Pte) Limited, Monday, stated that it paid $4. Commodity giant Trafigura lost a fuel oil-trading contract with the Angolan government after the country’s new president awarded it to French Total. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news. Until this week the story was still available on the BBC Trafigura signed the deal with Infraestructura Energética Nova, known as IEnova, for 740,000 barrels of fuels storage in the Mexican port city of Manzanillo in southern Mexico. The company asked for €544,000 (then around US$620,000) to dispose of the waste safely. December 10, 2018 7:52 pm. The report describes how Trafigura purchased large amounts of an unrefined gasoline called coker naphtha, then subjected it to a refining process known as "caustic washing", which is known to Trafigura denied it was involved in the illicit transfer of fuel to North Korea after the South Korean government said the world’s third-biggest independent oil trader originally owned the cargo that was shipped in breach of United Nations sanctions. Trafigura, a commodities multinational with a history of toxic waste in Ivory Coast, is set to begin operations in Southern Africa. Explore related Trafigura articles for more information on the Trafigura mining industry. Oct 8 (Reuters) - Commodities trader Trafigura Group Pte Ltd said on Monday IFM Global Infrastructure will invest in Trafigura’s subsidiary Impala Terminals. Trafigura is one of the world's leading international commodity traders, specializing in the oil, minerals and With the rescue, Trafigura is helping to ensure that Nyrstar can keep zinc supply flowing under its supply deal, and it may have a claim to key assets in the event of a default, giving it a leg up Trafigura referred Reuters to a statement the company issued after last week’s arrests, which said the company had zero- tolerance policies for bribery and corruption. Trafigura and their lawyers Carter Ruck had been pursuing an ongoing libel case against the BBC over a news story that aired in May 2009. "The board decided that it was time to choose a new leader. RJW v Guardian News and Media Limited ([2009] EWHC 2540 (QB)) also known as Trafigura v Guardian News and Media Limited and better known as the Trafigura case was a 2009 legal action in which Trafigura attempted to use a super-injunction to prevent the press reporting details of toxic waste dumping in the Ivory Coast . Trafigura denied responsibility, stating that they had entrusted the waste to an Ivorian disposal company, Tommy, which was established a few weeks before the ship’s arrival. Kirkland & Ellis LLP in Houston, Van Doorne NV in Amsterdam and Ritch, Mueller, Heather y Nicolau, SC in Mexico City have helped global commodities trader Trafigura enter a joint venture with Infraestructura Energética Nova (IEnova) to develop a US$200 million hydrocarbons terminal in western Mexico. Trafigura Wants to Build VLCC Terminal in Texas Gulf. 5 million in bribes to employees of Federal prosecutors in Brazil have filed corruption charges against two former executives from commodities multinational Trafigura, a former executive at Petrobras and a middleman, over $1. One of the world’s biggest commodity traders, Trafigura, has signed a long-term agreement to transport 300,000 bpd from the Permian Basin to the port of Corpus Christi in Texas, via a pipeline Paid a fair price for Essar Oil: Raoul Bajaj of Trafigura India 18 Oct, 2016, 11. NEW DELHI: The government has rejected for now global commodity trader Trafigura’s request for a licence to operate petrol pumps in the country, according to people aware of the development. You do a 2-year rotation at either geneva, singapore, stamford, buenos aires. The deal with Trafigura will commence on July 1, 2020, soon after the expected completion of construction of the third liquefaction train at Freeport, Kallanish Energy learns. Telson has completed a preliminary economic assessment (“PEA”) mining study on the Campo Morado mine that provides a conceptual life of mine plan and a preliminary economic analysis based on the previously identified mineral resources (see News Release dated November 8, 2017 and April 4, 2018). Stirk started his new job this week, one of the sources said. Greg Chandler. 5 million Trafigura is interested in taking on Oil Combustibles’ San Lorenzo refinery and network of around 300 petrol stations, while YPF is reported to be considering the company’s logistics and port assets. NG. The future of BP's Kwinana refinery lies in improving productivity as the Australian fuel market undergoes significant disruptions. 5 billion loan to be repaid with future gasoline and gasoil cargoes from the refinery over four years, the sources said
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