Petrolin Trading, the Petrolin Group trading affiliate, specializes in the marketing of African crudes via international invitations to tender. Competitive proposals obtained under the invitations to tender, coupled with a strategy of combining small batches of crude from marginal fields into standard size cargoes have resulted in the following benefits for clients:
- Increase in the number of liftings,
- Obtaining more stable cashflow, and
- Lower price risk permitting the adoption of annual average price quotations for determining the barrel price.
Among the bidders who won our invitations to tender are included Addax, BP, ConocoPhillips, ExxonMobil, Glencore, Hess, Reliance, Shell, Sunoco, and Total.
Crude oils marketed by Petrolin Group come from its own production in Africa and in the Middle East, from multinational oil companies, independent producers, and producing countries in Africa.
Crude Oil grades commercialised by Petrolin Group include