Vitol is a leader in the energy sector with a presence across the spectrum; from oil through to power, renewables and carbon. It trades around 7 million bbl/d of crude oil and products and, at any time, has 250 ships transporting its cargoes.
Vitol’s clients include national oil companies, multinationals, leading industrial companies and utilities. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including: circa 16mm3 of storage globally, 480,000 bbl/d of refining capacity, 7,000 service stations and a growing portfolio of transitional and renewable energy assets.
Editor's note: Updated April 30, 2021.
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Quantities were not specified in the accord and analysts were unclear how quota sales will work.
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