Trafigura leases 35 crude oil and product tankers.
Bangladesh said in May it had terminated talks with Trafigura.
He called Trafigura's horizontal drilling plan a“good option
for avoiding permanent impacts.”.
Energy trading houses Gunvor, Vitol and Trafigura have also chased projects in Bangladesh.
Global trading firm Trafigura has ordered scrubbers for its fleet of 32 ships.
If Trafigura's port wins approval,
it could take business from the Port of Corpus Christi.
Netherlands-based Trafigura Group and
Russian investment fund United Capital Partners split another 49 per cent equity equally.
Trafigura, which has not disclosed its planned investment in the port,
would handle much less, at 500,000 bpd.
As Carlyle and the Port have tried to navigate those obstacles,
port lobbyists have petitioned regulators to halt Trafigura's project.
Separately, commodities trader Trafigura set up another platform with IBM
and Natixis for the U.S. crude oil market last year.
Trafigura denied involvement in the illicit trade
and said it had no knowledge that its fuel would end up in North Korea.
Commodities trading firm Trafigura was offering the Gaslog Santiago tanker for up to three months from
early December, the industry sources said.
Multinational commodity trading company Trafigura has terminated a time charter contract
for chemical/product tanker Dalmacija with Croatian shipping company Tankerska Next Generation(TNG).
Trafigura has been active in LNG trading
and last week placed the first transparent bid in commodities price agency S&P Global Platts' pricing process.
Global oil companies including Saudi Aramco, Trafigura's Puma Energy
and France's Total have said they are interested in setting up fuel stations in India.
Trafigura said in a statement that its management had no knowledge
of any improper payments made to employees of Brazil's state-run oil firm Petrobras.
Singapore's commodity trading company Trafigura Group has named the first of its 35 crude oil
and product tankers being built in South Korea and China.
It is the second such agreement that Trafigura has signed to use excess LNG
storage capacity at SLNG's terminal on Jurong Island off western Singapore.
Trafigura's chief executive, Jeremy Weir, is also
not impressed by EV penetration projections, projecting that oil demand will continue to grow until at least 2035.
Trafigura increased its traded volumes of LNG by 27%
to 8.1 million t in 2017 after expanding its trading desk, aided by sharp Asian demand growth.
In its March report,
the U.N. panel named Switzerland-based Trafigura as a trader that initially handled fuel that eventually
ended up in North Korea in ship-to-ship transfers.
Trafigura said in a statement that its port would leave
room for other projects because it would handle only a portion of the expected new oil flows.
Rosneft owns 49.13 per cent of the company while global commodity trading and logistics giant, Trafigura and Russia's UCP Investment Group own another 49.13 per cent.
But Trafigura's operation would siphon off revenue from the Port of Corpus Christi
and Carlyle's project because Trafigura would serve shippers offshore, before they reach the harbor.
Trafigura increased its traded volumes of LNG by 27
per cent to 8.1 million tonnes in 2017 after expanding its trading desk, aided by sharp Asian demand growth.
Trafigura's head of LNG Hadi Hallouche recently
moved to Singapore after being appointed as the company's head of oil in Asia, in addition to overseeing its gas business globally,
The other major shareholders in Nayara Energy include Trafigura Group with 24.5 per cent,
United Capital Partners with 24.5 per cent and Essar Group with 2 per cent stake.
Trafigura said it chose to go offshore to ensure
supertankers can safely and efficiently load cargoes and that its application will be reviewed by more than 30 government agencies.
Late last year, India had rejected Trafigura's plea for a fuel marketing licence on ground
that its purchase of stake in a refinery in Gujarat in 2017 didn't make it eligible.
Trafigura's Co-Head of Oil Trading Ben Luckock
told a conference on Monday that oil prices could rise to 90 dollars per barrel by Christmas and to 100 dollars per barrel by the New Year,