Why trafigura

Trafigura and Glencore spokesmen declined to comment and a Vitol spokesman was not available for comment. The 50-50 joint venture will own and operate a network of terminal infrastructure in Mexico, Peru and Spain, Trafigura said, among other operations. The pre-payment agreement will run for two and a half years with a six-month grace period. The role could be based anywhere in the Group’s extensive global operations so unrestricted mobility is a key requirement. Why you need to update your Mobile number ? By providing verified mobile number we provide more exclusive information in the website. Its author, Craig Pirrong, explains why he believes these firms are unlikely to have a …Bankers risk in paying for oil cargoes against letter of indemnity for missing Bills of Lading [14 March 2008]Trafigura, one of the world’s largest independent oil traders, has provided further detail on the scale of its business with national oil companies, revealing $22bn of deals with state The British privacy injunctions controversy began in early 2011, when London-based tabloid newspapers published stories about anonymous celebrities that were intended to flout what are commonly (but not formally) known in English law as super-injunctions, where the claimant could not be named, and carefully omitting details that could not legally be published. Trafigura. Tell me something about your self 2. First round interview in Stamford. Its operations include trading of physical commodities, shipping and chartering, and asset management. Supreme Court Judge, Lennox Campbell, and the attorney for Opposition Leader and PNP President Portia Simpson Miller, KD Knight, clashed several times today in the multi-million dollar Trafigura corruption hearing. Trafigura Global Commodity Trading Founded in 1993, Trafigura is now one of the world’s largest independent commodity trading companies, specializing in the energy and base metals market. Trafigura has written off $72 million of the equity value of its stake in zinc and lead smelting company Nyrstar, the trader said in its annual results on Monday December 10, while detailing growth in base metals trading volumes. The Unethical Issues Trafigura sent legal notices to all news outlets so they wouldn't leak the evidence that they were guilty. That is why Trafigura maintains credit facilities substantially in excess of current or anticipated needs. Trafigura was the biggest lifter of Rosneft crude for a couple of years from 2014, when the companies established a close partnership amid Western sanctions on Moscow. Learn how and why it is finally changing. India is where most shipments originate. May 30, 2018 Trafigura, the commodities trader, has been seeking redemption ever since its toxic-waste spill a dozen years ago. c alongside needing to provide a trading strategy that fits with Trafi's current risk profile. Trafigura is a multinational formed in 1993, trading in base metals and energy, including oil. Qns related to understanding of trade products, commodity trading, trafigura. Crucial to the continued ability of the firm to stay within its banking covenants and remain a going concern in the Q3 2018 results was the $300m in 12% preference shares sold by McDermott to Goldman Sachs and Company (and Bankers risk in paying for oil cargoes against letter of indemnity for missing Bills of Lading [14 March 2008]Trafigura, one of the world’s largest independent oil traders, has provided further detail on the scale of its business with national oil companies, revealing $22bn of deals with state The British privacy injunctions controversy began in early 2011, when London-based tabloid newspapers published stories about anonymous celebrities that were intended to flout what are commonly (but not formally) known in English law as super-injunctions, where the claimant could not be named, and carefully omitting details that could not legally be published. Bowie remains debt laden, and as we and others have noted, its current coal reserves in Utah are in a declining market. Hadi Hallouche is the Head of Natural Gas, LNG, Naphtha & Condensates Trading at Trafigura. In 2006, it caused a health crisis affecting 108,000 people, after a ship leased by the company was told that, due to toxicity levels higher than expected, the price of transferring the waste on board to the PREAMBLE. It isn't pretty. is based in Singapore. This is why the Urmi Foundation works with community based schools and Brihan Mumbai Corporation (BMC) special schools to create a free education programme tailored to kids with developmental disabilities. Within a week I was notified that they were going with other candidates. Report of The Berne Declaration__ February 2013 // 2. Ltd. 4. The fallacy is that Trafigura treats it as equity instead of debt and the way that they could temporarily double their 2017 interim results’ retained earnings, for a Trafigura AG (TAG), Trafigura Pte. Moreover, he was elusive about government sources of income. , is an independent commodity trading and logistics company. Trafigura commissioned a white paper this year on commodity trading firms and systemic risk. An internal report produced for Trafigura (the Minton Report) confirmed that, “possible consequences are burns to the skin, eyes and lungs, vomiting, diarrhoea, loss of consciousness and death”. sanctions related A partnership between Westmoreland Coal and Trafigura announced this week for marketing export coal from the Coal Valley mine in Alberta could be a positive catalyst for Ridley Terminals, which has seen its thermal coal exports drop to zero in the third quarter, an analyst said Wednesday. But, depending on negotiations, the worker protest may slow the restart and union sources have said it could spread to other refineries. Bankers risk in paying for oil cargoes against letter of indemnity for missing Bills of Lading [14 March 2008]Trafigura, one of the world’s largest independent oil traders, has provided further detail on the scale of its business with national oil companies, revealing $22bn of deals with state The British privacy injunctions controversy began in early 2011, when London-based tabloid newspapers published stories about anonymous celebrities that were intended to flout what are commonly (but not formally) known in English law as super-injunctions, where the claimant could not be named, and carefully omitting details that could not legally be published. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. uk had been unable to report on the story up until then due to persistent threats from Carter Ruck. When Trafigura Beheer chief executive Jeremy Weir takes the stage at a conference in the Swiss city of Lausanne next week, he will do something no CEO of his company has ever done before. Carter-Ruck, the law firm representing Trafigura, was accused of infringing the supremacy of parliament after it insisted that an injunction obtained against the Guardian prevented the paper from Trafigura Group Pte. They are at the heart of the global economy. You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. Hedge fund firm Galena had an AUM of $2. Freight Trader, Trafigura. Etudo said Trafigura claimed not have office in Nigeria and was designed to evade tax due to the Federal Government. Questions related to why trafigura, why this profile- mostly HR questions and fit qns. Why Trafigura?Trafigura Group Pte. The syndication is expected to be completed before the end of the year, they said. It became embroiled in controversy for a $31-million political donation to the People's National Party administration, which was then the governing party. Trafigura’s lack of disclosure has left a legacy of uncertainty for many victims, who worry about long-term health effects,” said Lucy Graham. 5m allegedly paid in bribes for oil trading operations. Seen as a somewhat unreliable partner, Sonangol has caused potential investors to back away from the refinery. The problem is that it is omitted from the body, not I typical day in the office was reviewing sales from the day before and then invoicing to the clients. “They have done state capture through Vice-President Mnangagwa. BBC Newsnight has uncovered evidence revealing that oil-trading company Trafigura knew that waste dumped in Ivory Coast in 2006 was hazardous. Trafigura Beheer BV in Amsterdam/Amstelveen is mainly a fiscal address. SourceTrafigura is supplying Zambia with US$500million oil in controversial circumstances in which Minister of Justice who is also Patriotic Front Secretary General Wynter Kabimba has been implicated. 13/09/2011 · Top 10 Unethical Business Actions. Although it boasts of being the best paymaster, its managers lack employee retention skills. Noble Group Ltd. It’s normal to have sweaty palms, racing thoughts and a nervous stomach as you’re walking into a job interview or stepping on stage for a performance. said it is closing a metals fund in another sign of how global trading houses continue to struggle against low resource prices. Null and void". “ As a matter of fact, the public may wish to know that Trafigura is the company that bought BP Oil company in Zambia, now operating as Puma (Z) Limited, “ he said. Trafigura commissioned a white paper this year on commodity trading firms and systemic risk. Analysts are of the view that the $4. Bribes of more than $1. Financial Management. Why is Twitter going mad about Trafigura? I have to confess that I'd never heard of Trafigura until today. Selection criteria Focus on sustainable programmes. Applied online. The Nigerian National Petroleum Corporation (NNPC) has issued the 2018/2020 crude export contracts to 50 local and international oil traders, including Vitol, Trafigura and Glencore. and Jil Engineering and Oil Services Ltd. The Unmute @Trafigura Mute @Trafigura Follow Follow @Trafigura Following Following @Trafigura Unfollow Unfollow @Trafigura Blocked Blocked @Trafigura Unblock Unblock @Trafigura Pending Pending follow request from @Trafigura Cancel Cancel your follow request to @Trafigura A Trafigura spokesman said: “Trafigura is a leading supplier to a number of markets in sub-Saharan Africa of refined petroleum products that meet national regulatory requirements for fuel, for It was supposed to: 1) take out Trafigura and Galena’s equity position; 2) allow the company to close the Peabody deal, and 3) position the company for further purchases. Why this number ? Service & free calls* * This number, only available 3 minutes, is not your correspondant's number but the number of a service putting you through to that person. The decision will come as a blow to Caracas as Swiss-based Trafigura has a long-standing arrangement with15/02/2019 · Trafigura walking out of oil trading with Venezuela would be a harsh blow to PDVSA, which has been working with Trafigura and other trading houses to sell crude oil …Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner Why Big Banks Like Goldman Sachs Are Jealous of Trafigura and Glencore. PMC’s are probably the most likely company to become involved in unethical situations. The $12. ” Trafigura Trading, a major international fuel supplier that until recently supplied the V. Rodney Malcolm, chief financial officer of Trafigura’s North American business, explains why. 2 million, is receiving $600,000 from the Trafigura Trafigura which is the third largest independent oil trader in the world is also the world’s second-largest metals trader. Opposition Leader Bruce Golding, in a question-and-answer session, sought answers from Prime Minister Portia Simpson Miller on the Trafigura issue. 44PM IST. TOTSA is the oil trading arm of French oil major Total and Trafigura is a top five private oil trading house. Pursuant to a contract of sale dated 4 August 2008 the claimant agreed to sell, and the defendant agreed to purchase, 25,000 mt of gasoil for delivery during the period 4 August 2008 and 11 August 2008. HOW TRAFIGURA MANAGES RISK A loba ommoditie rade Tra gur a equire perat olatil arket gender or to explain why the company has been unable to comply with this target. Ici vous pouvez choisir la couleur de vos liens dans les pages afin de les rendre plus visibles. Headquartered in Geneva As one of the world's largest independent commodity trading houses Trafigura is at the forefront of our industry. Its largest customer is Trafigura AG with most shipments via the port of South Riding Point, Freeport, Grand Bahama I, Bahamas. 02AM IST. He said when the National Assembly invited the company, he sat with the Last month, Trafigura agreed to pay more than £30m in compensation and legal costs to 30,000 inhabitants of Abidjan in Ivory Coast, for "flu-like symptoms" they might have suffered following the dumping. I interviewed at Trafigura (Mumbai (India)) in August 2018. Water and Power Authority with fuel oil, has filed for summary judgment in its multimillion dollar lawsuit against WAPA for past-due fuel bills. Trafigura won’t disclose how much it will pay for the 24 percent interest in the 400,000 barrels-a-day Vadinar refinery and a network of 2,700 Essar Oil service stations. Trafigura and BP have already completed two similar deals. Trafigura had persistently denied that the waste was harmful but internal e-mails show staff knew it was hazardous. Sonangol Holding LDA & 3. The News Agency of Nigeria (NAN) reports that the five companies are Trafigura Beheer BV, Trafigura PTE Ltd. Trafigura and oil major BP are in the process of syndicating a $1. Trafigura has long been the main player in Angola, helping Sonangol sell large volumes of crude and fuel oil and also importing gasoline, gasoil and other refined products. Trafigura has not commented on the charges, Reuters said, adding that senior company officials see the case as a business dispute and not a matter for the police. The Dutch commodities trader’s purchase last month of a 24% stake in the refinery Trafigura said on Wednesday it was increasing its focus on coal and metals trading, in the latest sign that a near three-year boom for commodity houses in buying and selling oil is at an end The 2006 Ivory Coast toxic waste dump was a health crisis in Ivory Coast in which a ship registered in Panama, the Probo Koala, chartered by the Singaporean-based oil and commodity shipping company Trafigura Beheer BV, offloaded toxic waste to an Ivorian waste handling company which disposed of it at the port of Abidjan. In their defense, Trafigura weakly claimed that in-house testing revealed the sludge to be less toxic than originally presumed. Read More Video: Google Rouge Rose Orange Vert Beige Brun Noir Bleu marine Revenir à la couleur par défaut. Lawyers for Prime Minister and PNP President Portia Simpson Miller are refusing to comment on a claim by DPP Paula Llewelyn, that they are responsible for the eight year old Trafigura Beheer corruption investigation not proceeding in a timely manner. 5m were allegedly paid to help secure more favourable oil tradingFederal prosecutors in Brazil have filed corruption charges against two former executives from commodities multinational Trafigura, a former executive at Petrobras and a middleman, over $1. You have permission to republish this article under a Creative Commons license with attribution to the author and AnonHQ. Why this number ? Service & free calls* * This number, only available 3 minutes, is not your correspondant's number but Trafigura was hit by negative headlines in the summer after it settled a case involving the dumping of toxic waste in the Ivory Coast. The commodity trading and Why do you want to join Trafigura The second round was an interview and the questions were more related to my Cv. Mercuria, one of the world’s top oil traders, has hired bankers for a partial sale, becoming the first of the Swiss-based houses that dominate global raw materials trade to follow Glencore in If you want to know what the cost of raising funds for a corporation in trouble following a failed acquisition is the recent disclosures from McDermott provide a good guide. com (May 29, 2014) A fight for Aussie iron ore assets may be under way Video at CNBC. Hi, I just wrote an answer on Trafigura. Despite these and other hurdles, Trafigura still practices the caustic washing technique that produces this type of waste. why trafiguraTrafigura Group Pte. 15/02/2019 · GENEVA (Reuters) - Global commodities firm Trafigura has decided to stop trading oil with Venezuela due to U. 6 million Why John Mack left Rosneft after only a year Video at CNBC. S. Trafigura will be looking for a number of experienced traders to join as either an Oil or Metals trader. This is also the reason why in recent years, Vitol has started looking for refining and Trafigura is hiring the world’s top traders into jobs offering immediate global mobility, the potential for rapid promotions, and a fast-paced working environment. Puma Energy is ranked among the top employers in the Careers in Africa Employer of Choice 2015 Top 100. Trafigura wants to LONDON (Reuters) - Trafigura has tripled the size of its management committee, bolstering the position of CEO Jeremy Weir while also giving more responsibility to the next generation of potential Why do Banks cover Trafigura’s massive financial hole ? The 400M perpetual closed at 6. It is the Trafigura interview details: 122 interview questions and 96 interview reviews posted anonymously by Trafigura interview candidates. Uncover why Trafigura is the best company for you. They consented to it. Enter OTP. Trafigura Singapore was charged because it was the counterparty of Qingdao in the supposed trading financing deals, according to the report. Phone interview with basic questions: Why Trafigura, tell me about yourself, basic risk and hedging concepts. Trafigura declined to comment. Tonight Alan Rusbridger, the Guardian's editor said: "I welcome the climb-down by Trafigura and Carter-Ruck. Trafigura’s toxic history. Trafigura is one of the world's leading independent commodity trading and logistics houses. In 2006, Trafigura refined large amounts of coker naptha (unrefined gasoline) aboard the freighter Probo Koala producing more than 500m3 of difficult-to-dispose toxic waste. Accusations and allegations are rife, and individuals are emotionally charged to do battle in court. Source - Trafigura Drops Bid To Gag Guardian Over MP's Question An unprecedented attempt by a British oil trading firm to prevent the Guardian reporting parliamentary proceedings has collapsed following a spontaneous online campaign to spread the information the paper had been barred from publishing. Oil trader Trafigura Group's half-year profit fell sharply on less volatile oil prices, despite a rise in traded volumes. Update February 2015: Nine years after the dumping of toxic waste in Ivory Coast, Trafigura faces a class action suit filed by 100,000 individuals in the Netherlands. Trafigura Group Pte Ltd (Trafigura), a subsidiary of Trafigura Beheer B. Summary With a view to securing rights to the bulk of the country’s natural resources, Trafigura teamed up Motto v Trafigura – Funding costs By admin on Apr 9, 2013 | 16 comments I continue to see, on a virtually daily basis, claims for costs that include work relating to funding, notwithstanding the clear judgment from the Court of Appeal. Trafigura, which also entered into a long-term partnership with Australia-based funds manager IFM Investors, did not disclose the amount invested. Trafigura Pte Ltd is a Singaporean multinational commodity trading company founded in 1993 that trades in base metals and energy, including oil. We use market knowledge, logistics and global Trafigura is at the forefront of the commodity trading industry. I guess the person who asked had a similar intent so I have answered it in perspective. 85% is an example of a bad decision making them looking “good” on a balance sheet. The documents used in the analysis are respectively Trafigura’s statement on the settlement with the victims, a 38 paged document called ‘Trafigura and the Probo Koala’ in which Trafigura explains their side of the story, and the Frequently Asked Questions and their answers on the website of Trafigura. When Trafigura Beheer BV Chief Executive Officer Jeremy Weir takes the stage at a conference in the Swiss city of Lausanne next week, he’ll do something no CEO of his company has ever done before. Trafigura The Global Commodity Crash Tells Us That A Major Deflationary Financial Crisis Is Imminent If we really are plunging into a deflationary global financial crisis, we would expect to see commodity prices crash hard. This article (Corporate Greed: BP, Trafigura and Vitol Export Dirty Oil to Africa to Kill People) is a free and open source. co. But in reality Trafigura is a complicated corporate structure. 5 trillion debt market. Why is Parliament depriving the A detailed new case study scrutinizing the risk-management practices of Swiss-based Trafigura is the latest effort to "demystify" the once-secretive commodity trading industry, just as big merchants seek to fill a void being left by Wall Street banks. ©Trafigura 2007 2 Trafigura • Trafigura is a USD50Bn a year commodity trader – Second largest independent non-ferrous metals trader – Third largest independent oil trader – 50 offices in over 35 countries • Galena Asset Management – Subsidiary of Trafigura – Leveraging off group information – Proprietary research into supply That’s why this morning’s top trending topics on Twitter were Trafigura and Carter-Ruck (or #CarterRuck). 1 billion in 2016. Cette fonctionnalité est spécialement dédiée aux personnes daltoniennes. S. “It is a commandist securocratic project and that is why its face is Vice-President Emmerson Mnangagwa. We use market knowledge, logistics and global resources to move physical commodities where 9 May 2010 Last week we spoke to Greg Hertault, global head of graduate recruitment at commodities trading firm Trafigura. The oil price crash to less Why Trafigura embraced a private panda bond The private route offers a new financing channel for foreign issuers to borrow from China's $9. Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. The company asked for €544,000 (then around US$620,000) to dispose of the waste safely. The new deal would bring Nayara's total pre-payment transactions during the year to nearly $3 billion. One of the stakeholders in the Essar Oil deal - Trafigura, says it has unlocked a significant value with this deal. On the same day the Guardian ran the story ‘Trafigura’, was the most used word on Twitter and as Crowdeye shows there were 5,500 more tweets referring to Trafigura than usual. The Government has failed to explain why Trafigura was granted the contract when it was not the most responsive in the tenders10/10/2018 · Trafigura has engaged internationally respected NGO PACT to support Chemaf in the ongoing maintenance of a Responsible Mineral Sourcing programme in line with Trafigura’s standards. The multinational company Trafigura, the producer of the waste, was found guilty for illegally exporting the Global commodities firm Trafigura has decided to stop trading oil with Venezuela due to U. Every day and around the world, they are advancing trade – reliably, efficiently and responsibly. The platform allows buyers, big or small, to browse and choose from its range of metal offerings at a transparent price, according to Raoul Bajaj, CEO, Trafigura India. nl THE TRAFIGURA CASE Shaping a discourse of innocence Abstract In August 2006, toxic waste was dumped in 16 locations near Abidjan, Ivory Coast. Historically the Teesside terminal was under utilised and Trafigura won’t be unhappy if it stays that way! The biggest difference is that BP is a producer and Vitol/Trafigura are not. Then, this morning, I logged into Tweetdeck and found a stream of tweets containing tagged #trafigura so intense that it felt like being bombarded by water cannon. The questions were like 1. Heard back after about a month. 2 billion as of September 2014, based on Trafigura’s latest annual report. On Wednesday, Newsnight learned that Trafigura is an Amsterdam-based [3] multinational company founded in 1993 trading in base metals and energy, including oil. The company has been involved in numerous scandals including UN sanctions busting in Iraq during the Oil for Food Programme and more famously the Abidjan toxic waste dumping scandal. Trafigura called an end on Monday to its aggressive expansion into infrastructure, as the commodity house aims to cut debt and focus on its core oil-trading business. , a subsidiary of Trafigura Beheer B. sanctions on the OPEC nation's energy sector, a source with direct knowledge of the matter said. The Trafigura Foundation supports programmes that demonstrate to achieve effective and lasting impact in our two focus areas of operations: Fair and Sustainable Employment and Clean and Safe Supply Chains. Brazilian federal prosecutors on Friday filed corruption charges against two former executives of the oil trader Trafigura for allegedly paying at least $1. The proceeds of these notes, along with a loan from Trafigura, will be used by TCF to buy crude oil and refined metals. “When we count up the barrels across the next couple of years, we are coming up short,” Luckock was quoted as saying at the Parliamentarians spent much time on Tuesday discussing the controversial $31 million so-called donation from Trafigura Beheer to the People's National Party. Trafigura’s approach is different to that of its Switzerland-based rival Glencore, which mines cobalt from largely mechanised open pit mines in the DRC. Our business is advancing trade for a growing array of customers and counterparties around the world. Trafigura knew of waste dangers Much of the chemical waste still remains in Abidjan BBC Newsnight has uncovered evidence revealing that oil-trading company Trafigura knew that waste dumped in Ivory Coast in 2006 was hazardous. Trafigura also refused to comment on questions of whether or not their South African Agent Guillaume Lettessier, had been questioned by security officers. We use market knowledge, logistics and global resources to move physical commodities where they’re needed when they’re needed. What is frightening is that in 2007, they gave $30 million to the People’s National Party (PNP) government in Jamaica as a campaign contribution, but up to now, no one will tell the public what the party promised them in return or rather why Trafigura was so intent on having the PNP returned to power. “A licence has been applied for on behalf of Puma Energy. Now people can read the Minton report they will realise why it was in the public interest for it to be published. Trafigura Beheer BV is officially registered in the Netherlands. The technology world has spent so much of the past two decades focused on innovation that security has often been an afterthought. The port of Baltimore, MD handles most imports. Trafigura filed suit in April of this year for $26. This was proven false by a 2009 UN report posted by Wikileaks. Its author, Craig Pirrong, explains why he believes these firms are unlikely to have a destabilising effect on the global economy. Here's what we asked, and Trafigura interview details: 122 interview questions and 96 interview reviews posted anonymously by Trafigura interview candidates. By combining transactions, accounting, analytics, and “always on” audit in one system, Workday empowers decision-makers with in-the-moment and on-the-go financial and business insight they can act upon. Share 706. ” Why are we keeping company with an organisation as tainted as Trafigura? It begs the question – does our leadership do any background checks on the international companies with whom we do such important transactions running to billions of dollars? Trafigura are a Dutch oil trading firm and one of the world's biggest independent oil traders. Trafigura An attempt by the oil firm Trafigura to prevent the British press from reporting on the activities of parliament has been abandoned, after an uprising by users of Twitter. The privately held company reported a 22% fall in profit to $471 million The agreement with Trafigura, which is a 25 percent shareholder of the company, includes a US$220 million interim payment to become effective “on or about” November 21, which will be replaced Ben Luckock, co-head of Market Risk at the world’s third-largest independent oil trader, Trafigura, said Tuesday that the end of cheap oil is coming as soon as 2019. is a multinational commodity trading company founded in 1993 that trades in base metals and energy. The company directly employs over 5,300 people through a network of 75 offices in 37 countries. Trafigura wants to capitalize on its infrastructure in the United States and is actively aggregating oil and condensate I have to confess that I'd never heard of Trafigura until today. They fly you in. In response, Trafigura stated that pollution in African cities is a global concern requiring an intergovernmental approach, with the primary responsibility on the African governments which set fuel specifications. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and non-ferrous metals, iron ore and coal) to clients around the world. The announcement from Trafigura stated that it planned to keep its other hedge fund opens, including its private equity fund comprised of mining sector debt and equity. Trafigura has achieved substantial growth in recent years, growing revenue from USD18 billion in 2004 to USD98. Compare pay for popular roles and read about the team’s work-life balance. 5 million for illegally exporting tonnes of hazardous waste to West Africa. Then there is the cover up that failed big time. Trafigura tried to get rid of it in Amsterdam by disguising it as less hazardous waste – but it was rejected when the disposal company realised it was more contaminated than they thought. Trafigura stores and transports over 1 million barrels per day of oil, Reuters said. Upcoming Interview in Houston for Trafigura's Oil & Derivatives Graduate Development Programme, does anyone have any tips or foresight on how to prepare and the question that will - Trafigura Interview Application form consisting of general motivation/why Trafigura e. 5 million in bribes to employees of The Trafigura court case is in full swing and things are now getting even more heated. We use market knowledge, logistics and global May 9, 2010 Last week we spoke to Greg Hertault, global head of graduate recruitment at commodities trading firm Trafigura. Trafigura Interview. Upcoming Interview in Houston for Trafigura's Oil & Derivatives Graduate Development Programme, does anyone have any tips or foresight on how to prepare and the question that will be asked? WSO have a quite a few threads on Trafigura interview, but no one really has information on i Trafigura, Natixis and IBM are working together on a blockchain solution for commodity trade finance. In India, Trafigura has also launched Lykos, an online refined metal retail platform to change the way the metal is bought and sold. Shaping a discourse of innocence: the Trafigura case. Glencore has said that it does not support artisanal mining and that alternative livelihoods should be created for those in the sector. While PDVSA’s lawyers were preparing a case against Trafigura et al, senior management at the company were looking to do deals with one of the principal defendants in launched lawsuit. Trafigura said it was pleased to have been acquitted of the charge of forgery, but was "disappointed by the judges' ruling on the other two, which it believes to be incorrect". Trafigura rejected this offer because of the ‘high cost’. 15% of the Swiss corporation Trafigura is owned by the infamously named “General Dino”. Trafigura is reportedly engaged in tax evasion. hired former Trafigura Pte Ltd. A top Trafigura executive has admitted management needed improving at the oil trading firm in a bitter £6m High Court battle with a former training consultant. Trafigura, a Switzerland-based commodities trading company with a long record of environmental and trade violations, is proposing a high-risk off-shore crude oil terminal that will circumvent Trafigura’s investment of up to $130M into India’s Nagarjuna Oil Corporation's (NOC) refinery and storage facility has established a new way of working for independent oil refiners and commodity traders. Trafigura said in a press statement that their tests showed the waste not to be as toxic as had been claimed. Commodity giant Trafigura lost a fuel oil-trading contract with the Angolan government after the country’s new president awarded it to French Total, Reuters reports, noting Joao Lourenco has One of the world’s biggest commodity traders, Trafigura, was the largest exporter of U. The latest Tweets from Trafigura (@Trafigura). As of 2008 the company had equity of more than $2 billion and a turnover of $73 billion that generated $440 million of profit. Trafigura’s investment in the smelter was seen as an important step for Trafigura in expanding its footprint in the copper concentrates and metal market in the world’s top commodities consumer. The oil traders continue to deny that the waste could have caused serious or fatal injuries. Read more here: Tejas Khoday's answer to Who are the competitors of the company Trafigura? Trafigura stands accused, among 48 other defendants, of causing in excess of $5 billion worth of losses to PDVSA. , Mettle Energy and Gas Ltd. Visit Finance Asia for the latest trafigura News, trafigura Photo Galleries, trafigura Features, trafigura Reviews, trafigura Tutorials and trafigura Community Comments Trafigura tells GTR that this is a proof-of-concept (POC) trial, but for Arnaud Stevens, Natixis’ New York head of global energy and commodities, it is “much more ambitious” than that, though he explains that more testing and improvements are needed before the platform becomes fully operational. It carries out trading of oil and petroleum commodities, shipping and chartering, and asset management. Headquartered in Geneva 10 Oct 2016 Commodities trading house Trafigura aims to expand its oil trading business further to rival that of top trader Vitol in the next few years and Trafigura, the giant commodities training firm, is hiring for its graduate programme. com. Review this company. It is the Application. I would have posted this a few days ago but I thought it right that I gave both Trafigura and Dr Gary K Busch an opportunity to read, and to comment upon, the post. Trafigura’s approach is different to that of its Switzerland-based rival Glencore, which mines cobalt from largely mechanised open pit mines in the DRC. Mostly fit questions with a few market related questions about what's currently going on and a little about competitors. Followed by phone interview asking about technical questions contango/options/futures. TAG is a Swiss entity based in Lucerne and Trafigura Pte. Industry sources say Latsco is in the process of firming up a first LNG berth at South Korea’s Hyundai Heavy Industries — its favoured shipbuilder. Commodities trader Trafigura, in its recent prospectus to a €500 million bond issue, the world’s second largest metals trader and third biggest oil trader is quoted by a recent FT article by Trafigura and oil major BP are in the process of syndicating a $1. Trafigura Trading, a major international fuel supplier that until recently supplied the V. A partnership between Westmoreland Coal and Trafigura announced this week for marketing export coal from the Coal Valley mine in Alberta could be a positive catalyst for Ridley Terminals, which has seen its thermal coal exports drop to zero in the third quarter, an analyst said Wednesday. By contrast, rival trader Gunvor is moving forward with plans to set up a floating storage and regasification unit (FSRU) barge a stone’s throw from Trafigura’s proposed project, officials and industry sources said. "The Guardian is also forbidden from telling its readers why the paper is prevented — for the first time in memory — from reporting parliament. Emails were found between the corporate and the dumping company that proved that Trafigura was fully aware of the toxic waste. General Dino is one of the three ‘main’ partners that the president of Angola uses as his covers ups for his corrupt business dealings in Angola. 9 billion purchase was made by Russian oil giant Rosneft and a consortium of Russia's UCP Investment Group and international commodity trader Trafigura. 13/09/2011 · The first Private Military Company on the list, and certainly not the last, Dyncorp is a medium sized PMC with revenues of $3 Billion. Trafigura buys its feedstock from YPF. The Grauniad, an organ of quasi intellectual Labour voters tells us about Trafigura and toxic waste. Its top supplier is Trafigura Pte LTD. As one of the world's largest independent commodity trading houses Trafigura is at the forefront of our industry. What we do. Supply chain data for Trafigura AG in Stamford, Connecticut. The company scored highly with professionals focused on work in Africa among the 13,242 who completed the Careers in Africa Employer of Choice Survey. After all, Trafigura Beheer is claiming that the money is a commercial transaction and not a gift to the PNP. Trafigura is the world's third-largest private oil and metals trader. Every Trafigura employee has a part to play in shaping our work ethic and developing our strategy. Headquartered in London, Trafigura maintains over 55 trading offices in 36 countries in Europe, North, Central and South America, Trafigura is one of the world's leading independent commodity trading and logistics houses. , and Trafigura Beheer are the originators of the receivables. You do a 2-year rotation at either geneva, singapore, stamford, buenos aires. Trafigura supports organizations around the world in areas where it has a significant business presence, such as in North America, Latin America, Africa, Europe, Middle East, Asia, and Australia. Here's what we asked, and 30 May 2018 Trafigura, the commodities trader, has been seeking redemption ever since its toxic-waste spill a dozen years ago. Paid a fair price for Essar Oil: Raoul Bajaj of Trafigura India 18 Oct, 2016, 11. When the Guardian contacted Trafigura’s lawyers indicating that they intended to publish an article concerning the Minton report, Trafigura applied for an injunction to prevent this breach of confidence and the Guardian did not oppose it. Commodities trader Trafigura Beheer B. Global oil traders Glencore, Vitol and Trafigura, firms that have traditionally had a strong presence in the west African country and last year won the biggest contracts, had their supplies halved to 30,000 bpd. Trafigura 2. insufficient to fund potentially profitable trades. A senior Geneva-based source from Trafigura, a multinational commodities trading company, answered the question of why MKS existed in Switzerland, for instance, as a separate entity from PAMP: “MKS Finance is heading the ‘delicate’ trading of gold, silver and jewels, which can’t go through PAMP. Trafigura recognises the In an attempt to rebalance the equation, Trafigura “undertook substantial restructuring” of its buying and selling textbooks and tried out to lessen fees by shrinking inventories and “radically adjusting” its storage commitments. Trafigura Global Services Pvt. Trafigura’s business in Angola. N. PCJ/Trafigura Beheer Office of the Contractor-General 2010 August Investigation Page 97 of 111 Having regard to the reasons which were given by the ODPP, and the content of the . 5M in bribes to a former Petrobras manager in return for securing contracts to trade oil and derivatives and getting better prices on Trafigura was accused of — but denied — intentionally dumping the waste illegally. It is the world's second largest private oil trader after Vitol and the world's largest private metals trader. http://t. e. Trafigura, in a statement, noted that "Leopoldino Fragoso do Nascimento is a leading Angolan business man and a long standing partner of Trafigura and holds no current position in the Angolan Thousands of people due payouts over the dumping of toxic waste by oil-trading group Trafigura in Ivory Coast won their English High Court claim against their lawyers on Thursday, having never During a parliamentary debate on 24 October, Stephen Dhieu Dau – who is a former oil minister – failed to justify why the government coffers were empty. sanctions on the OPEC nation's energy sector, a …11/06/2018 · Paid a fair price for Essar Oil: Trafigura India 17 Oct, 2016, 09. Factual background. co/KsCzwkUMbG Find out what works well at Trafigura from the people who know best. Why it’s time we paid employees to exercise at work. Structured and Clear . Trafigura also makes use of tax havens and mailbox companies. The trader is looking to cut costs, with the goal of bring the refinery back on line “in the next few weeks”, the company said. why trafigura Tweet with a location. Trafigura went to great lengths to prevent these findings from going public (Leigh 2009; MacManus 2010). Find out what works well at Trafigura from the people who know best. Stumble 15. Trafigura has engaged internationally respected NGO PACT to support Chemaf in the ongoing maintenance of a Responsible Mineral Sourcing programme in line with Trafigura’s standards. The thump of bass from a Bluetooth speaker. While working at Trafigura I was able to strengthen my skills in creating and updating Macros and formulas for Excel. sanctions related The initiative, which is being carried out over the next three years by Stamford-based social services nonprofit Domus at a cost of $1. The project has also been held back by the near monopoly Swiss trader Trafigura has enjoyed over the oil trade market. Being a producer gives you an inherently bigger advantage and more reliable market information than someone who is just a trader. They called me and began conducting a phone interview right away. Trafigura will set up an integrated copper, zinc and lead smelting-refining complex via a joint venture in Saudi Arabia, the commodity trader said on Tuesday October 23. One of the world’s biggest commodity traders, Trafigura, was the largest exporter of U. Trafigura is one of the world’s leading independent commodity trading and logistics houses. Pin 21 +1 15. Trafigura has doubled the amount of oil it trades on a daily basis to 4 million barrels per day since 2012 and Salmon said there was no reason not to aim to handle as much as Vitol, which trades Also Marc Rich isn’t mentioned anywhere else in the article so not sure why that should be in the lede. However, when the waste was offloaded the smell was so strong, the emergency services were called. I. Trafigura? Trafigura complied with both the terms of sale contract and L/C. On 6 February 2017 it was reported that commodity trader Trafigura is seeking to invest $30 million to re-open an LNG terminal in Teesside. Rosneft-Trafigura Led Essar Oil to be Called Nayara Energy Essar Oil's incumbent CEO Lalit Gupta had stepped down from the position but continues as a senior advisor to the board of the new company. Trafigura Foundation The Trafigura Foundation has dedicated US$32 million since 2007 to diverse philanthropic initiatives worldwide in the areas of sustainable development, education & integration and health. The prosecutors say two former Trafigura executives paid ~$1. t. Trafigura officials have previously said that they are complying with all state and federal agencies to ensure the facility is operated responsibly. bernetkempers@students. "But in reality Trafigura is a complicated corporate structure. Questions asked about physical risks in transporting oil from Africa to USA, why I wanted to work at Trafigura, if offered a position in South Afrrica or Mongolia which would I take and why, etc. The clanking of weights. (TGS) is the Global In-house Centre (GIC) for Trafigura, a world leading physical commodity trading company and logistics house, whose business is advancing trade for a growing array of customers and counterparties around the world - reliably, efficiently and responsibly. Crucial to the continued ability of the firm to stay within its banking covenants and remain a going concern in the Q3 2018 results was the $300m in 12% preference shares sold by McDermott to Goldman Sachs and Company (and Trafigura Employee Reviews. Cochan Holdings. They are at the heart of the global economy. Kuda Tagwirei and Sakunda, representing Trafigura, are the ones funding this thing. Applied Online. 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. I worked at Trafigura full-time (More than a year) Pros - Exciting and rewarding work This is the employer's chance to tell you why you should work for them. The questioning is more specific and tougher, so know more about the branches of Trafigura and why you want to work in a particular one. Trafigura Commodities Funding (TCF, as the programme is known) issued US$470mn of notes which were placed on a private basis with the banks involved. The trading house was also a large lender to Sonangol, with debt guaranteed by future fuel sales. 3 billion payments disclosed by Trafigura and oil major BP are in the process of syndicating a $1. Trafigura Beheer BV is a Swiss multinational commodity trading company founded in 1993 that trades in base metals and energy, including oil. Crucial to the continued ability of the firm to stay within its banking covenants and remain a going concern in the Q3 2018 results was the $300m in 12% preference shares sold by McDermott to Goldman Sachs and Company (and . A 2009 UN report proved this to be completely fabricated. , Renbrandt Ltd. Abidjan, the economic capital of Cote d'Ivoire, and the site where Trafigura dumped waste, the toxicity of which is discussed in the Minton Report. They see global trade as a positive force and we go further to make trade work better Trafigura AG is the organization’s exclusive marketing agent – Trafigura AG is one of the world’s leading international commodities traders specializing in the oil, minerals and metals markets. A free inside look at company reviews and salaries posted anonymously by employees. LONDON, Jan 5 (Reuters) - Trading house Trafigura has hired Dan Stirk, formerly a North Sea crude oil trader at commodity trader Noble Group, to join its crude desk, according to trading sources. According to the court, the London based firm concealed the Trafigura is a global leader in international commodities trading and logistics, with offices in the Americas, Europe, Africa, the Middle East and Asia Pacific. Under the agreement, which was signed on May 30, Trafigura will have access to 160,000 cubic metres of firm LNG storage capacity on a segregated basis for the next 24 months, they said in a joint statement. It is being funded again through a parallel process. 12) Why should graduates want to work at Trafigura? Sell me the merits of your company! Within an industry that is truly global, fast paced and hugely relevant, we are a leading company that is 128 Trafigura reviews. Since then the newsflow out of Trafigura has been troubling (perhaps justifying why its bonds continue to yield somewhere north of 8%) and culminating last week with the announcement that Duncan Letchford, chief executive officer of Trafigura’s hedge fund Galena Asset Management, is leaving the company. Trafigura sources, stores, blends and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. The application is still pending. Reviews from Trafigura employees about Trafigura culture, salaries, benefits, work-life balance, management, job security, and more. V. Their website claims hiring atleast 8 people every month, however this is not merely for expansion but also because of the high employee turnover ratio. They have 81 offices in 56 countries and had $120 billion in Turnover in 2012. Job Title Trafigura is one of the world’s leading independent commodity trading and logistics houses. Trafigura, the giant commodities training firm, is hiring for its graduate programme. Not done Marc Rich has a prominent place in the source in a manner that suggests his management of the Group was a significant enough element of Trafigura's history to warrant inclusion. Media outlets including politics. Rory Hynes September 13, 2011. 5 billion loan to be repaid with future gasoline and gasoil cargoes from the refinery over four years, the sources said. Verifying OTP. Such tactics may have worked in a pre-Internet age, but * This phone number available for 3 min is not the recipient's number but a number from a service which will put you through to that person. Why do you want to join Trafigura The second round was an interview and the questions were more related to my Cv. Even Stephen Fry got in on the act on Twitter and labelled the injunction a “barbaric assault on free speech. The entity has filed objections to Trafigura's permit, claiming the company’s application is incomplete and bringing up Trafigura's 2001 federal conviction for violating U. Trafigura has written off $72 million of the equity value of its stake in zinc and lead smelting company Nyrstar, it said in its annual results on Monday December 10, while detailing growth in base metals trading volumes. Interview. This service is produced by Kompass. In a 146-page indictment, prosecutors in Curitiba in the I have to confess that I'd never heard of Trafigura until today. uu. Also, Trafigura’s proposal is far from uninteresting for Juba. Tweet. “The Fuel Procurement Committee has decided to exclude Trafigura and TOTSA in view of the current investigations,” a spokeswoman for Enemalta. A court in the Netherlands has fined oil trader Trafigura $1. Grantmaking tends to support projects that address the developing world. The company also uses Trafigura is one of the world’s leading independent commodity trading and logistics houses. Resend OTP Attempt Left : 2. While the storm clouds continue to build above Trafigura, we now know the fate of Galena and why its CEO Letchford departed the company in a hurry last week: according to a follow up from Bloomberg, Trafigura has decided to close the flagship Galena Metals Fund, the latest hedge fund victim of the rout in raw materials markets from oil to copper. According to a SOMO report, Trafigura´s corporate legal structure is consistent with tax planning functions in the Netherlands. The acquisition this year of Essar Oil (EOL), India's second-largest refiner, was the largest M&A deal in India over the last decade. Trafigura India says the deal was a strategic play for the company. The process took 2+ months. The Trafigura-hired tanker had made an attempt to dispose of its waste in Estonia, failing that, Trafigura attempted to offload the waste in the Netherlands. The company contracted a company to dispose of its highly toxic waste in the West African country. com (May 5, 2014) Trafigura’s single-point mooring buoy, an integral part of its planned Texas Gulf Terminals VLCC loading facility off the port of Corpus Christi, will have the capacity to handle an average 500,000 b/d of crude, spokeswoman Victoria Dix said. crude oil and condensate over the past year, its CEO Jeremy Weir said on Tuesday. Invited to final round with CXOs - 2 interviews with 2 panel of 2 each. Trafigura Beheer, the multinational commodities trading company which is at the centre of a scandal in Jamaica, is embroiled in an investigation into a Zambian government minister. " Trafigura and Carter-Ruck did not take into account the power of Twitterers. Trafigura: Dumping toxic waste in Ivory Coast One of Trafigura´s most infamous controversies involved an environmental scandal in Ivory Coast. No decision has been taken to enter the retail market should a licence be granted,” Trafigura said in a response to ET’s emailed query. Verify. May 23, 2012 GENEVA/SINGAPORE, May 23 (Reuters) - Swiss-based commodities trading firm Trafigura said on Wednesday that Singapore would become As one of the world's largest independent commodity trading houses Trafigura is at the forefront of our industry. The company has operations across multiple lines of business including trading for oil and petroleum products, metals and minerals, and logistics, including shipping and chartering. Attorney-at-law, Deborah Martin, recently argued that the process which concluded in the court order forcing Trafigura said its application was still pending. I applied online. Roos van Os, Katrin McGauran and Indra Römgens (2013): “Private Gain, Public loss. “Trafigura says the toxic waste caused nothing more harmful than the flu but bases its case on evidence it made confidential. executive Wael Amer to expand its Middle East and African oil-trading business as the Asian commodities firm restructures its operations. For the right person, there is the chance to make a real difference as part of a global organisation. Raoul Bajaj - CEO of Trafigura India says the deal was a strategic play for Trafigura, one which allows it to strenghten its foothold in India. The Trafigura and Galena equity buyout is on hold. Established in 1993, Trafigura is a leader in the commodities business. It makes almost 80 billion USD a year. Interviews Interview Tips: Research Trafigura before applying: It is important to know about Trafigura so that you are able to answer questions like why you applied, what interests you about the company and many others. m. Secondly, the Jamaican people should have more than a superficial interest in this matter. The Guardian newspaper has reported that the minister is accused The case study focuses on a green crime committed by Trafigura in Ivory Coast in 2006. Trafigura is known for its hire and fire culture. Interview question for Management Trainee in Mumbai. Freight risks Once a ship is chartered and the freight rate fixed, Trafigura sells a forward rate agreement to hedge against declines in charter rates. That’s why they claused the new set of Bills of Lading with the words: "Voyage accomplished. Annex 2 – Questions to Trafigura 1 Does Trafigura confirm the existence of a swap contract in Angola, which started in 2009 and according to which Trafigura TRAFIGURA MEXICO SA DE CV is a supplier in , Mexico. They were not concerned with the financing arrangements between Huron and its bank. Trafigura described as totally false allegations that it had refused to supply oil, resulting in the shortage, despite having a letter of credit from government