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World's second largest oil trader to supply natural gas on Romanian market

World’s second largest oil trader to supply natural gas on Romanian market

Trafigura, one of the world’s largest independent oil and petroleum products traders and leading metals and minerals trader, gets the natural gas supply license on the Romanian market from the National Regulatory Authority for Energy (ANRE), profit.ro informs.

The license was granted to the Romanian subsidiary of the group, Trafigura Trading SRL, established in early February.

The Singapore-based commodities trader showed its interest on local market in 2013 for the acquisition of Curpu Min, but eventually dropped out. Last year, in the first phase, Trafigura filed for the best offer for Curpu Min’s copper concentrate, but the Romanian company’s representatives have requested improved offers.

The highest value for copper concentrate was presented by Hong Kong-based Merlion Resources Holding Limited.

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world.

The trading business is supported by industrial and financial assets, including 49.6 percent owned global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura’s Mining Group; and Galena Asset Management.

The company is owned by around 600 of its 3,935 employees who work in 62 offices in 35 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD 12 billion in 2003 to USD 136.4 billion in 2017.

About Anca Bernovici