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Vitol is an energy and commodities company and sits at the heart of the world’s energy fl ows. Every day we use our expertise and logistical networks to distribute energy around the world, efficiently, safely and responsibly. Founded over 50 years ago, today Vitol trades over six million barrels of crude oil and products a day and in 2015 had revenues of $168 billion. Our customers include national oil companies, multinationals, leading industrial and chemical companies and the world’s largest airlines.
Serving clients from 40 offi ces worldwide, Vitol is invested in energy assets globally, including almost 16mm3 of storage across six continents, 390kbpd of refi ning capacity and downstream businesses across Africa, Australia and Europe. In Africa, we have a long history of working with partners across the continent; producers and NOCs to optimise the value of African crudes and distributors to provide a reliable supply of high quality fuels to fast growing African markets. In recent years, Vitol has invested in energy infrastructure throughout Africa, building terminals in Kenya, Nigeria and South Africa which complement our growing downstream business.
Our investment has exceeded $4 billion over the last fi ve years and Vivo Energy, a Vitol investment and a Shell licensee in 16 countries across the continent, is investing $250 million over the next three years to improve energy infrastructure. Furthermore we recently acquired a share in Oando’s downstream business in West Africa and equity participation in First E&P in Nigeria. We are also working with Eni and GNPC re the development of the Sankofa and Gye Nyame fi elds in Ghana, a project supported by the World Bank and IFC, which is the largest foreign direct investment in Ghana since independence.
For more information: www.vitol.com