Mercuria vient dtre cit dans une affaire de corruption au Brsil qui concerne aussi trois de vos concurrents suisses (Vitol, Trafigura et Glencore). (Jessica Donati, Christopher Johnson, Ikuko Kurahone, Richard Mably, Dmitry Zhdannikov reported from London, Gus Trompiz from Paris, Caroline Copley from Zurich, Emma Farge from Benghazi, Karl Plume and Christine Stebbins from Chicago, Hugh Bronstein from Buenos Aires, Joshua Schneyer from New York, Luke Pachymuthu, Harry Suhartono and Naveen Thukral from Singapore; Editing by Richard Mably, Simon Robinson and Sara Ledwith), This story October 21 story was corrrected in the 17th paragraph to reflect that Trafigura paid a U.S. Customs fine on an Iraqi crude cargo in 2001, but denied wrongdoing; clarifies language on Trafiguras 2009 legal action to prevent a report on toxic waste dumping in Ivory Coast from being published. [21][22], In 2019, Mercuria acquired bankrupt Aegean Marine Petroleum Network Inc and restructured the company to operate as Minerva Bunkering, a leading global physical supplier of marine fuels and a fully-owned subsidiary of Mercuria Energy Group Limited. China is becoming more like a Glencore, said Hinde. Two examples: it makes biodegradable and recyclable plastics out of corn at its $1 billion complex at Blair, Nebraska, and is creating new low-calorie food ingredients for such multinationals as Kraft, Nestle and Coca Cola. The line may be simplistic but its not too far from the truth. The business has grown to 890 employees in 28 countries with a turnover at $75 billion, trading almost 120 million tonnes of oil, coal and gas. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. La logique, cest que le monde a besoin de plus en plus dnergie tout en devant baisser son intensit carbone. We know how to close the gap (with Vitol and Glencore) and we are actively catching up, Tornqvist said. A row over oil export control could jeopardize its role in selling the nations crude. He is one of Russias most private tycoons. Together, Glencore employees, including many of its top traders, own just under 80 percent of the company. [3] The company is one of the world's five largest independent energy traders and asset operators and is based in Geneva, Switzerland, with 37 additional offices worldwide. It buys and sells multiple crops, mills and grinds and processes them into scores of products, both edible and not, and ships them to markets around the world. People forget about it. Having said that, we have also been approached by potential investors -- sovereign funds and others -- who wish to make a private-equity type of investment in our company.. The firms now controlled by the western-backed rebels might still legally be linked to Libyas national oil corporation. Which may be why Mabanaft wants to expand beyond its northern European heartland. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. newsletter, Energy Source. WHO: Gunvor, founded 1997 by Swedish oil trader Torbjorn Tornqvist and Russian/Finnish businessman Gennady Timchenko, TURNOVER: $80 billion 2011, company estimate ($65 billion 2010). Notre capital est de quelque 3 milliards de dollars, ce que l'on appelle le net asset . After dropping out of school he began his career at 15 in a metals scrap yard in the UK. Established in 2004, Mercuria has become one of the largest integrated energy and commodity trading companies in the world. Thats the argument of Sunny Verghese, chief executive of Singapore-based trading firm Olam International. The Koch brothers, Chairman and CEO Charles and co-owner David Koch, are high-profile supporters of libertarian and anti-regulation U.S. politics. In May, Argentina kicked Bunge off the countrys exporters register after the government alleged it had evaded $300 million in taxes, an accusation the company denies. with 37 additional offices worldwide. Nobles shareholders include Chinas sovereign wealth fund, China Investment Corp., which bought an $850 million stake in 2009, and Korean Investment Corp., which has a minority stake. Founded 25 years ago by Briton Richard Elman, the Hong Kong-based, Singapore-listed Noble Group buys and sells everything from Brazilian sugar to Australian coal. Lindustrie ptrolire opre avec des marges relativement troites, avec des cots structurels trs levs, et il y a pas mal de socits qui souffrent. The company lists its trade in paper derivatives as larger still, or about 10 million barrels a day. Of the six major metals warehousers only one, Dutch-based C.Steinweg, remains independent. In April Noble appointed Li Rongrong, former chairman of the state-owned assets supervision and administration commission of China, as a non-executive director. A spike in world food prices in 2007 stirred an outcry against the largest grain trading firms; when oil prices surged to a record $147 a barrel in 2008, U.S. Congress probed the role of oil trading firms, but found no smoking gun. Still not entirely comfortable with his public profile, Glasenberg has described his shift into the glare of publicity as crossing the Rubicon. The top trading firms are price makers, said Chris Hinde, editor of London-based Mining Journal. The firm was founded in 2004 by two former Wall Street oil traders, Marco Dunand and Daniel Jaeggi. We have to increase food production by 50 percent by 2030, and 80 percent by 2050, with our hands tied behind our back, he said, referring to constraints to boosting output such as the lack of land, water and infrastructure. Co-founder and Chief Executive Officer Marco Dunand, co-founder and President Daniel Jaeggi and Mercuria's global head of trading Magid Shenouda control the stake through a Guernsey-registered company called MDJ Oil Trading Ltd. ChemChina Stake Arcadia has faced controversy before. [8], Mercuria moves about 1.5million barrels per day (240,000m3/d), of crude and oil products and has upstream and downstream assets ranging from oil reserves in Argentina, Canada and the United States, to oil and products terminals in Europe and China, as well as substantial investment in the bio fuels plants in Germany and the Netherlands. You can still enjoy your subscription until the end of your current billing period. They form an exclusive group, whose loosely regulated members are often based in such tax havens as Switzerland. In London, Trafigura reached a pre-trial settlement to put an end to a class-action suit from some 31,000 residents. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. By Xeba73 @ 2014-06-02 03:16:42. LONDON, Dec 1 (Reuters) - Mercuria, one of the world's top energy traders, has raised almost $1.1 billion through a loan facility and the sale of oil and gas assets, beefing up its balance sheet for future growth, its chief executive said on Thursday. In the palm oil business, for example, it owns plantations, mills, refiners, shippers, bottlers and the distribution network, in both the top producers, Indonesia and Malaysia, and the top consumers, India and China. No sentimental attachments to any country or location. Disons plutt quon a une certaine humilit. The French trading giant approached Olam with a merger proposal in 2010, but talks failed earlier this year. The trading houses talent and deep pockets translate into incredible power. In early 2007, when world grain prices were surging toward all-time highs, it faced a problem in Ukraine. Unsuccessful talks have taken place with Singaporean commodities group Olam International Ltd, while bankers say they have been sounded out about a stock market listing. Dunand and Jaeggi are Mercurias largest shareholders but an employee share ownership scheme holds around 40 percent of the company. You may change or cancel your subscription or trial at any time online. We are not thinking about an IPO -- but that doesnt mean we dont have an open mind, Dunand told Reuters in June. WHO: Koch Industries, founded 1920s by Fred Koch. One of their secrets: filling the empty barges headed home. Margarita Louis-Dreyfus told Les Echos that a listing, merger or the entry of a private investor were all options. And its not just the Europeans. Their reach is expanding. Trafigura was also quick to recognize the potential of storage in the industrial metals markets. Marco Dunand: Nous avons remplac une facilit de crdit parce que les banques se sentent peu laise dans ce contexte et veulent sortir. I have known the citizen Timchenko for a very long time, since my work in St Petersburg, Putin told a group of Russian writers. A Trafigura-chartered tanker was intercepted in the Caribbean in 2001 on suspicion of carrying illegal volumes of Iraqi crude. 2004:Fondation de Mercuria avec Daniel Jaeggi. And it sounded a rare retreat this week when sources close to the company said it had shut its European coal trading operations to focus on Asia and trading. For cost savings, you can change your plan at any time online in the Settings & Account section. Est-ce quon vise une stabilit du prix 75dollars ou plutt 60? Further, the company highlighted its commitment to expanding its signature Swiss-style apprenticeship program for American veterans at its U.S. facilities. Top officials in many other large trading companies began their careers at Glencore. university organisation If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. Its early dealings with the Libyan rebels may offer the chance of a foothold in Libyas oil and gas territory. 1982:Termine ses tudes dconomie lUniversit de Genve. In April, she and Veyrat told business daily Les Echos that the CEO would be stepping down to make way for Serge Schoen, head of Louis Dreyfus Commodities. 5,803 executive movements have been recorded in the last 12 months. 1. Trading houses competed with banks for the spoils -- Glencore, Trafigura and Noble took one warehousing company each, Goldman and JP Morgan the others. One of the great things that Cargill did was develop the salt business to transport back up, eliminate the snow during the wintertime, and fill barges back up with back hauls, the wheat trader said. Voir la liste. valid targets for google cloud monitoring uptime alert notifications . ADMs environmental record has also been questioned by the Environmental Protection Agency, resulting in fines and forced installation of pollution control measures. Pourquoi cet investissement? In a settlement, Trafigura agreed to pay a $5 million fine, but wasnt charged with smuggling and denied wrongdoing. Despite a relative lack of regulatory oversight, such reach does attract scrutiny. Mercuria is just seven years old, but is already one of the worlds top five energy traders. Cargill has since placed a moratorium on buying soybeans from newly deforested land. Il va falloir que les raffineries sadaptent, que les armateurs choisissent sils veulent acheter des filtres particules ou des carburants moins polluants. U.S. refiner Tosco sued Arcadia and Glencore for market manipulation; the case was settled out of court. But it was absolutely one of the greatest moves in the business.. Thats still a lot less than the billions the biggest independent oil traders make and a long way off the revenue of Marquard & Bahls oil tanking division, the second largest in the world after Vopak. It helps that the companys CEO Alberto Weisser is a Brazilian, and that Bunge has more than 100 years experience in South America. With a turnover of more than USD 100 billion, the Group, primarily focused on energy, is present all along the commodities value chain with activities forming a balanced combination of . 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