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Vitol apologises for Kurdish oil buy says IraqTop oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission, Iraqi Oil Minister Abdul-Kareem Luaibi said. Bag More… |
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Iraq seals 2013 gasoil deal with Vitol, BPIraq's State Oil Marketing Organisation (Somo) has finalised a term deal to buy up to 1.097 million tonnes of gasoil for delivery next year from Swiss trader Vitol and oil major BP, traders said on Wednesday. The company has a More… |
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Vitol JV eyes doubling Fujairah oil storageVitol Tank Terminals International (VTTI) is studying almost doubling its oil storage capacity at the port of Fujairah, just outside the Strait of Hormuz, and could start construction by early 2014, a spokeswoman for VTTI said on Sunday. More… |
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Vitol trades Iranian fuel oil, skirting sanctionsVitol, the world's largest oil trader, is buying and selling Iranian fuel oil, undermining Western efforts to choke the flow of petrodollars to Tehran and put pressure on Iran's suspected nuclear weapons programme. More… |
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Iran unfazed by sanctions, but waitIran has probably yet to feel the pain of Western sanctions on its oil revenues, as the 17 percent gain in crude prices since December has largely offset the decline in exports. But the key word here is yet. Ian Taylor, the head of More… |
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Total, Vitol win big UAE gasoline tenderFrench oil major Total and trading house Vitol have won a tender to supply the UAE fuel retailer Emarat with 1.2 million tonnes of 95 RON gasoline in 2012, traders said. Vitol won 65 per cent of the volume, while the rest was awarded to T More… |
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Glencore, Vitol set to bid for Iraq oil fieldsThe upstream growth plans of the world's two biggest oil trading companies took a big step forward on Thursday as Iraq pre-qualified Glencore and Vitol to bid for billions of barrels of oil exploration rights next January. The Iraqi oi More… |
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Vitol to build oil products terminal in CyprusVitol, the world's largest energy trader, has announced plans to build an oil import and distribution terminal in Cyprus. Vitol Tank Terminals International (VTTI), a wholly owned subsidiary of Vitol Group, said it expects the project More… |
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KPC and Vitol sign LNG supply dealVitol has signed an agreement with Kuwait Petroleum Corporation (KPC) to supply liquefied natural gas (LNG) to Kuwait to help the state meet peak electricity demand during summer from 2010 to 2013. While KPC is following through on its pla More… |
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Two more firms stop Iran gasoline salesOil trading firms Trafigura and Vitol are stopping gasoline sales to Iran, industry sources said on Monday, joining a growing list of suppliers that have halted sales under threat of US sanctions. US politicians are work More… |
