It also owns refineries, terminals, storage facilities, power stations, petrol stations, and oil and gas … But Kho says Vitol never forgets its key strength. Currently, Vitol B.v's portfolio is worth at least $6.69 million. controversy in which the company was accused of paying Serbian war criminal to finalize a deal with Miloševi?. The company is privately held by about 350 employee-shareholders who enjoy hearty dividends ($820m in 2015). The energy trading company ships petroleum products, ethanol, dry goods (coal, sugar), liquid natural gas and liquid petroleum gas, and chemicals around the world. Vitol Founded : 1966 Founder : Henk Viëtor CEO : Ian Taylor Industry : Business Sector : Private Country : Netherlands Website : vitol.com 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. 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. Along with the controversies, Vitol has also made charitable contributions as a part of its Corporate Social Responsibility. By clicking the button above, you agree to our Terms of Use. All rights reserved. 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. The energy trading company ships petroleum products, ethanol, dry goods (coal, sugar), liquid natural gas and liquid petroleum gas, and chemicals around the world. Privately-held Vitol SA is led by its long-time CEO Ian Taylor, a Briton. 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. 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The Vitol Group is a global energy and commodity trading company, involved in exploration and production, refining, terminals, trading, marketing and distribution. By continuing to browse the site, you agree to our use of cookies. In 2014, Vitol along with Abu Dhabi Investment Council bought Shell Australia. 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 … The Vitol Group is an energy and commodities company. 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. Vitol's head offices are located in Rotterdam, Get the big picture on a company's affiliates and who they do business with. See our Privacy Notice to unsubscribe. An office in Geneva was established a year later which gradually grew into the global enterprise that leads in its market segment. Vitol likes to keep things moving. 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. 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. 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. The chief areas of operations of Vitol are Houston, Geneva, Singapore and London. 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 … In 2016 Vitol agreed to sell crude oil assets in the Permian basin to Sunoco Logistics Partners for $760 million. Vitol likes to keep things moving. Detailed business credit reports and tools to simplify credit decisions and manage risk, Monitor, Manage, and Build Your Business Credit. Want more contacts like these available directly in your inbox? 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. DOJ agreed to a three-year deferred prosecution agreement (DPA) in exchange for a … The Dun & Bradstreet Data Cloud offers the world’s most comprehensive business data and analytical insights to power today’s most crucial business needs. What does Vitol mean? The company first began making charitable grants in 2002, helping children to achieve a comprehensive all-round development. Vitol has been involved in several controversies. Petrobras is expected to make a decision by the end of May. Credit building solutions to fit your growing business. Relative to the number of outstanding shares of CME, Vitol B.v owns more than approximately 0.1% of the company. In 2013, the foundation supported 44 health projects in 34 countries. Similar, it also traded 9.3 million tonnes of LPG worldwide. The major ones being the Slobodan Miloševi? Vitol, run out of London, is the world's largest independent oil trader, trading some 8 million barrels of oil a day. Meaning of Vitol. … The Next Round of PPP Funding for Small Businesses. 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). About us. Maurel, Famfa and Seplat did not respond for requests for comment. It is a private company, with 330 employees making up its shareholders. Fill out this form, and we'll contact you soon. 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. Farringford N.V., registered in Curaçao, is the ultimate legal domicile. 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 … She's dating New York City chef Emilio Vitolo, 33, and they've been spotted on several public date nights in the city. It ranked No 7 on 2012 Fortune Global 500 ahead of prominent organizations like Toyota, Chevron and most importantly its biggest rival Glencore. 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. 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. Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. 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. The Vitol Group is a multinational organization dealing in energy and commodity trading. Companies in this industry hold or manage assets for the benefit of an individual or business. See our, Free Microsoft Outlook plugin to drive efficiency with on-demand sales intelligence. Vitol’s culture originated over 50 years ago with our founders and their combination of entrepreneurship, determination to succeed, integrity, hard work and humility. Trading is far from Vitol’s only activity. Vitol started a bitumen joint venture with Boca Raton, Florida-based Sargeant Marine in 2015 and bought it out in 2019. Led by Chairman Ian Taylor, Vitol is the world’s largest independent oil trading house. We use cookies for marketing and advertising purposes, and to provide the best experience on our website. Consent is not a requirement of purchase. It is the world's second largest private oil trader after Vitol and the world's largest private metals trader. In 2013-14, the foundation was the sponsor of Street Child World Cup held in Rio. Vitol was founded by Henk Viëtor and Jacques Detiger in 1966. Vitol is an energy and commodities company. For over 50 years we have used our networks and infrastructure to manage the flow of energy … Trafigura Group Pte. The company’s exploration and projection projects extend to Russia, Kazakhstan, Azerbaijan, Cameroon, Ghana and Ivory Coast among others. Secure and cloud-based. Information and translations of Vitol in the most comprehensive dictionary definitions resource on … 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. Vitol’s culture is integral to the business. In 2017 Vitol agreed to buy OMV Petrol Ofisi (gas stations) for $1.45 billion. The company was founded in Rotterdam in 1966 by Henk Viëtor. Similarly, in the same year 73 education projects in 36 countries were supported by the foundation. It’s also backed … Vitol's operations are complemented by oil storage terminals and exploration and production projects around the world. *Contacts and Principals counts are estimates and may differ from the actual number of contacts available in D&B Hoovers. See similar companies for insight and prospecting. 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. Vitol, Glencore, Shell, Africa Oil declined to comment. 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See our Privacy Notice to unsubscribe. A Hoovers subscription is your VIP access to key information. 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. 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. It is a private company consisting of all 3200 employees as its shareholders. 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. Katie Holmes appears to have moved on after her split last year from Jamie Foxx. Consent is not a requirement of purchase. 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. Below is the link to a very interesting article about the company which was published on Bloomberg last year. 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. 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 … Combine your data with Dun & Bradstreet Data Cloud data to create new analytical models that can give you a competitive edge. Detailed profiles of all businesses owned and operated by this company for insights and prospecting. 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 … Learn More About our Enterprise Analytics Solutions, See More Companies in the Custodial & Trust Services Industry. By clicking the button above, you agree to our Terms of Use and consent to our contact process. 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 … Vitol has two head offices in Netherlands and Switzerland. It trades carbon credits and owns carbon credit aggregator CRM. Definition of Vitol in the Definitions.net dictionary. As a result, the company generated 303 billion dollar revenue in the same year. 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. A D&B Hoovers Subscription is your foot in the door to Vitol Holding B.V. contact information. The turnover of the Vitol group has continuously scaled up since 2009. It characterises the way our people work, creates an optimal working environment and underpins its success. The Justice Department continues to produce FCPA resolutions in a record year for enforcement. Looking for information on your own credit? Exploration and production unit Arawak Energy includes holdings in Russia, Kazakhstan, Azerbaijan, and West Africa. © Dun & Bradstreet, Inc. 2000 - 2021. 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. Today it co-owns five refineries with a capacity of 390,000 barrels per day. It trades carbon credits and owns carbon credit aggregator CRM. Ltd. is a Singaporean multinational commodity trading company founded in 1993 that trades in base metals and energy. 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. It is legally registered and headquartered in Singapore. 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. It’s also backed solar-power fields and is building a carbon capture, storage and hydrogen facility near its power plant operations in Britain. Install D&B Email IQ to access your next prospects! The company distributes more than 270 million tonnes of crude oil per year and stands as the largest energy trader in the world. Find out more. 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