Vitol

Founded in Rotterdam in 1966, the Vitol Group operates worldwide, and along with Glencore and Trafigura, is one of the world's top three crude oil traders. Vitol's headquarters are located in Rotterdam, the Netherlands and Geneva, Switzerland. With 2009 revenues of US$143 billion, the company ships more than 300 million tons of oil per year. Vitol's main operations are based in Geneva, Houston, Singapore and London and in addition to the global crude and product trading businesses, the company has a growing presence in the coal, natural gas, power, emissions and bio-fuels markets.

Vitol has interests in various oil storage terminals and exploration and production projects worldwide. The latter includes ownership of Arawak, with production in Russia, Kazakhstan and Azerbaijan, shareholding in Galoc in the Philippines and exploration assets in Cameroon, and Ghana.

Vitol Tanks Terminals International has an asset value in excess of $1 billion and planned capacity approaching six million cubic metres in four continents. Current key locations include Amsterdam and Europoort in the Netherlands, Seaport Canaveral, Florida, and a 49% share of the Ventspils terminal in Latvia. In May 2010 it was announced that MISC Bhd of Malaysia would acquire 50% of VTTI for US $735 million.

Vitol is an independent company, with 260 employees making up its shareholders. Vitol has stated that through this model, its internal partnerships foster long standing relationships with its customers and proven reliability and delivery.