Physical trading, logistics and distribution are at the core of the business, but are complemented by refining, shipping, terminals, exploration and production, power generation, mining and retail businesses. Consent is not a requirement of purchase. It also owns refineries, terminals, storage facilities, power stations, petrol stations, and oil and gas … Trading is far from Vitol’s only activity. It infuriates Tom in Vortex that Vitol owns a mansion at Yosemite Valley, a site that used to be a public park until it was sold to Vitol after the Great Global Collapse.. Vitol and most other high-influence Coalition … Vitol’s culture is integral to the business. By continuing to browse the site, you agree to our use of cookies. *Contacts and Principals counts are estimates and may differ from the actual number of contacts available in D&B Hoovers. The chief areas of operations of Vitol are Houston, Geneva, Singapore and London. With strong commitment to growth and service, Vitol has come a long way since its inception and has become of the formidable names in energy trade by establishing itself as the world's largest independent oil trader. Vitol bought the stake from Manchester Securities Corp., a hedge fund that obtained it when SemGroup Energy’s former affiliate defaulted on a loan. The Vitol Group is a multinational organization dealing in energy and commodity trading. The U.S. affiliate of global energy and commodity trading company Vitol will pay approximately $164 million to settle charges of bribery, corruption, and manipulative and deceptive conduct levied by multiple regulators, including historic involvement by the CFTC. In 2013-14, the foundation was the sponsor of Street Child World Cup held in Rio. Companies in this industry hold or manage assets for the benefit of an individual or business. Farringford N.V., registered in Curaçao, is the ultimate legal domicile. Another controversy included a New York grand larceny case in which the company pleaded not guilty and paid 15.5 million dollars fine for having proven otherwise. Petrobras is expected to make a decision by the end of May. Maurel, Famfa and Seplat did not respond for requests for comment. Katie Holmes appears to have moved on after her split last year from Jamie Foxx. As a result, the company generated 303 billion dollar revenue in the same year. Credit building solutions to fit your growing business. What does Vitol mean? The major ones being the Slobodan Miloševi? She's dating New York City chef Emilio Vitolo, 33, and they've been spotted on several public date nights in the city. The company distributes more than 270 million tonnes of crude oil per year and stands as the largest energy trader in the world. The turnover of the Vitol group has continuously scaled up since 2009. Vitol Oil & Energy London, England 59,450 followers Vitol is a leader in the energy sector with a presence across the spectrum; from oil to power, renewables and carbon. See similar companies for insight and prospecting. Vitol Inc. (Vitol), the U.S. affiliate of the Vitol group of companies, which together form one of the largest energy trading firms in the world, has agreed to pay a combined $135 million to resolve the Justice Department’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) and to resolve a parallel investigation in Brazil. It is the world's second largest private oil trader after Vitol and the world's largest private metals trader. See our, Free Microsoft Outlook plugin to drive efficiency with on-demand sales intelligence. Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Privately-held Vitol SA is led by its long-time CEO Ian Taylor, a Briton. Vitol Inc. (Vitol), the U.S. affiliate of the Vitol group of companies, which together form one of the largest energy trading firms in the world, has agreed to a combined total criminal penalty of $135 million to resolve bribery charges with law enforcement authorities in the United States and Brazil. Vitol's head offices are located in Rotterdam, Find out more. Vitol has been involved in several controversies. This number is assigned once our patented identity resolution process, part of our DUNSRight, Learn about how a Dun & Bradstreet D-U-N-S number can help your company succeed, Establish your business, get noticed, and control your story in the global marketplace, Look up a partner’s company or find your company’s D-U-N-S Number, View and update business information on your D&B Credit file, A leading global provider of business decisioning data and analytics for almost 200 years, Live Business Identity is the most comprehensive and continually updated view of a business entity, Our always-open marketplace for unique offers that help your business grow and thrive, Drive performance through our partnership program, D&B Accelerate, Information and resources about the performance of Dun & Bradstreet. Relative to the number of outstanding shares of CME, Vitol B.v owns more than approximately 0.1% of the company. Vitol is the CEO of Matchett-Reddy at the time the series takes place, and the son of the company's previous CEO who bought all five major media companies. Oil trader Vitol has quit a consortium that was set to buy a stake in two Nigerian oil fields from Brazil's Petrobras, its former partner said … Major... Companies in this industry engage in financial transactions and create, liquidate, purchase, and sell... See other industries within the Finance & Insurance Sector, See who the company's key decision makers are. Ltd. is a Singaporean multinational commodity trading company founded in 1993 that trades in base metals and energy. It’s also backed solar-power fields and is building a carbon capture, storage and hydrogen facility near its power plant operations in Britain. It’s also backed … The company was founded in Rotterdam in 1966 by Henk Viëtor. For over 50 years we have used our networks and infrastructure to manage the flow of energy … … Want more contacts like these available directly in your inbox? As of 9th November 2020, Vitol B.v’s top holding is 40,000 shares of CME currently worth over $6.69 million and making up 100.0% of the portfolio value. Definition of Vitol in the Definitions.net dictionary. Get the big picture on a company's affiliates and who they do business with. We use cookies for marketing and advertising purposes, and to provide the best experience on our website. Today it co-owns five refineries with a capacity of 390,000 barrels per day. The FBI is investigating energy trading firm Vitol's top two executives in the Americas in connection with a Brazil bribery case, two sources with … Along with the controversies, Vitol has also made charitable contributions as a part of its Corporate Social Responsibility. The company is privately held by about 350 employee-shareholders who enjoy hearty dividends ($820m in 2015). Exploration and production unit Arawak Energy includes holdings in Russia, Kazakhstan, Azerbaijan, and West Africa. Vitol’s culture originated over 50 years ago with our founders and their combination of entrepreneurship, determination to succeed, integrity, hard work and humility. 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It is a private company consisting of all 3200 employees as its shareholders. Viva's parent company, UK-based energy group Vitol, is expected to keep between 777.8 million and 972.3 million shares, or around 40 … Vitol's operations are complemented by oil storage terminals and exploration and production projects around the world. But Kho says Vitol never forgets its key strength. About us. Vitol Central Asia currently exports all of the oil from the Ayrankol Field exploited by the company Kaspyi Oil – which in turn is 100% owned by Timur Kulibayev. The Next Round of PPP Funding for Small Businesses. Vitol was founded by Henk Viëtor and Jacques Detiger in 1966. By clicking the button above, you agree to our Terms of Use. Vitol likes to keep things moving. Similarly, in the same year 73 education projects in 36 countries were supported by the foundation. The energy trading company ships petroleum products, ethanol, dry goods (coal, sugar), liquid natural gas and liquid petroleum gas, and chemicals around the world. The latest, and perhaps the beginning of several end-of-year and end of the Trump Administration resolutions, is DOJ’s settlement with Vitol, Inc. (Vitol), an energy trading company. Vitol is an energy and commodities company. Combine your data with Dun & Bradstreet Data Cloud data to create new analytical models that can give you a competitive edge. The company first began making charitable grants in 2002, helping children to achieve a comprehensive all-round development. It trades carbon credits and owns carbon credit aggregator CRM. A Hoovers subscription is your VIP access to key information. The energy trading company ships petroleum products, ethanol, dry goods (coal, sugar), liquid natural gas and liquid petroleum gas, and chemicals around the world. In 2014, Vitol along with Abu Dhabi Investment Council bought Shell Australia. Vitol also has petroleum refining operations in Belgium and the UAE and it operates a terminal and storage JV with Malaysian shipping firm MISC. “Vitol is an industry player,” Mark Easterbrook, an analyst with RBC Capital Markets in Dallas, said in an interview. DOJ agreed to a three-year deferred prosecution agreement (DPA) in exchange for a … You consent to Dun & Bradstreet (D&B) using this data for marketing and analytical purposes, and to D&B emailing you or using an autodialer or pre-recorded voice to text or call you at the number you provide with marketing or other offers. The FBI is investigating energy trading firm Vitol's top two executives in the Americas in connection with a Brazil bribery case, two sources with … In 2013, the group traded 276 million tonnes of crude oil and other oil products while 20 billion cubic meters of Natural gas in Europe. That’s why 90% of the Fortune 500, and companies of all sizes around the world, rely on Dun & Bradstreet to help grow and protect their businesses. Vitol likes to keep things moving. Information and translations of Vitol in the most comprehensive dictionary definitions resource on … Detailed business credit reports and tools to simplify credit decisions and manage risk, Monitor, Manage, and Build Your Business Credit. controversy in which the company was accused of paying Serbian war criminal to finalize a deal with Miloševi?. Vitol Founded : 1966 Founder : Henk Viëtor CEO : Ian Taylor Industry : Business Sector : Private Country : Netherlands Website : vitol.com With its chief business concerns in energy and commodity trading, the company also trades coal, natural gas, power, agricultural products, gasoline, methanol, ethanol, and LPG and carbon emissions. In 2016 Vitol agreed to sell crude oil assets in the Permian basin to Sunoco Logistics Partners for $760 million. Install D&B Email IQ to access your next prospects! Led by Chairman Ian Taylor, Vitol is the world’s largest independent oil trading house. The Vitol Group is a global energy and commodity trading company, involved in exploration and production, refining, terminals, trading, marketing and distribution. Looking for information on your own credit? Tools to help you monitor your company's business credit scores and ratings, Business credit reports to help you assess the financial health of customers and suppliers, Target, nurture, and close prospects and customers more effectively than ever, Find helpful resources, from how-to guides to in-depth insights, aimed at helping you along every stage of the small business journey. A D&B Hoovers Subscription is your foot in the door to Vitol Holding B.V. contact information. Secure and cloud-based. It ranked No 7 on 2012 Fortune Global 500 ahead of prominent organizations like Toyota, Chevron and most importantly its biggest rival Glencore. Swiss-based energy firm Vitol agreed to pay $163 million to settle criminal and civil charges that its employees paid bribes to gain an advantage when bidding for oil in Brazil, Mexico and Ecuador. Vitol's major assets in Fujairah Refinery Company Limited Middle East and have several refining assets around the globe in cities like Cressier and Antwerp. Last week the DOJ announced that Vitol Inc., the U.S. affiliate of the Vitol group of companies, which together form one of the largest energy trading companies in the world, agreed to resolve a net $90 million FCPA enforcement action for conduct in Brazil, Ecuador and Mexico.. As noted in the DOJ release (and as will be explored in a future post) “Vitol has also agreed to … It characterises the way our people work, creates an optimal working environment and underpins its success. Vitol has two head offices in Netherlands and Switzerland. By clicking the button above, you agree to our Terms of Use and consent to our contact process. It is important to note that Vitol Central Asia is a subsidiary of Ingma, therefore the above-mentioned « joint venture » refers to Ingma (the partnership between Oilex and Vitol). All rights reserved. Vitol owns a power plant in the U.K. and launched a 200 million euro ($237 million) fund in 2018 to invest in wind farms. Currently, Vitol B.v's portfolio is worth at least $6.69 million. See our Privacy Notice to unsubscribe. In 2013, the foundation supported 44 health projects in 34 countries. Trafigura Group Pte. You consent to Dun & Bradstreet (D&B) using this data for marketing and analytical purposes, and to D&B emailing you or using an autodialer or pre-recorded voice to text or call you at the number you provide with marketing or other offers. Meaning of Vitol. Fill out this form, and we'll contact you soon. Vitol, Glencore, Shell, Africa Oil declined to comment. © Dun & Bradstreet, Inc. 2000 - 2021. Vitol also has a 50% share on a major storage and terminals business VTTI with the storage capacity of about 8.5 million cubic meters and operations running in fourteen countries around the world. It trades carbon credits and owns carbon credit aggregator CRM. The company’s exploration and projection projects extend to Russia, Kazakhstan, Azerbaijan, Cameroon, Ghana and Ivory Coast among others. An office in Geneva was established a year later which gradually grew into the global enterprise that leads in its market segment. It is a private company, with 330 employees making up its shareholders. Vitol owns a power plant in the U.K. and launched a 200 million euro ($237 million) fund in 2018 to invest in wind farms. In 2017 Vitol agreed to buy OMV Petrol Ofisi (gas stations) for $1.45 billion. Vitol started a bitumen joint venture with Boca Raton, Florida-based Sargeant Marine in 2015 and bought it out in 2019. Similar, it also traded 9.3 million tonnes of LPG worldwide. This is certainly a long way from the time company was established by a pair of Dutchmen in 1966, who initially did business by carrying the petroleum products up and down the river Rhine. Below is the link to a very interesting article about the company which was published on Bloomberg last year. The Dun & Bradstreet Data Cloud offers the world’s most comprehensive business data and analytical insights to power today’s most crucial business needs. It is legally registered and headquartered in Singapore. Consent is not a requirement of purchase. The Justice Department continues to produce FCPA resolutions in a record year for enforcement. The Vitol Group is an energy and commodities company. See our Privacy Notice to unsubscribe. Learn More About our Enterprise Analytics Solutions, See More Companies in the Custodial & Trust Services Industry. Vitol, run out of London, is the world's largest independent oil trader, trading some 8 million barrels of oil a day. 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