At the Heart of the Global Economy

We source and deliver energy products and raw materials that drive the global economy. We act as long-term partners to producers and end-users of oil and petroleum products and non-ferrous and bulk commodities. We manage risk and improve market competitiveness. 

Our partnerships and projects help companies and countries develop infrastructure and build for the future.

Our Story

Our Story
Years USD (billions) Description
1993 Six founding partners set up Trafigura in London, Buenos Aires, Lucerne and Amsterdam. The founders have a simple objective: to trade physical commodities in the global market better than anyone else.
1994 USD671 million Trafigura acquires Cormin, a bulk commodities warehousing business in Peru.
1995 USD1.1 billion
1996 USD2.2 billion Trafigura acquires a minority interest in Puma Energy, an Argentine-based downstream oil business. Trafigura opens regional offices in Stamford and Houston.
1997 USD3.4 billion Trafigura opens a regional office in Singapore. Puma Energy expands into Guatemala with the completion of its first oil terminal.
1998 USD 3.4 billion Trafigura acquires the Condestable mine in Peru.
1999 USD4.6 billion
2000 USD8.9 billion Trafigura acquires the Puma Group of companies.
2001 USD9.4 billion The collapse of Enron alters the dynamics for energy markets. Oil majors withdraw from refining and distribution to focus on production. Big players reduce stock levels to limit the risk of price volatility. Physical traders play a greater role as global free markets develop.
2002 USD9.0 billion Puma Energy enters the African market.
2003 USD12.2 billion Galena Asset Management is formed.
2004 USD17.6 billion
2005 USD28.4 billion The Company recruits its 2000th employee.
2006 USD44.6 billion The company acquires a minority share in Compania Minera Volcan S.A.A. Trafigura time-charters the tanker Probo Koala for the transportation of oil products. Details relating to the regrettable series of events that then followed can be found in the Media Centre section.
2007 USD50.9 billion Trafigura Foundation is formed.
2008 USD73.2 billion Puma Energy is formalised as a separately constituted oil asset division.
2009 USD47.3 billion DT group is set up as a joint venture between Trafigura and Cochan Ltd. Galena assets under management exceed $1 billion. Trafigura acquires minority share in Anvil Mining Ltd.
2010 USD79.2 billion Trafigura sells share in Compania Minera Volcan S.A.A. Average daily trading of oil and petroleum products exceeds 2 million barrels. Impala is formed as a new subsidiary from Trafigura’s warehousing assets and logistics. It acquires North European Marine Services Ltd, an LME approved bonded warehousing group.
2011 USD121.6 billion Over 2 million barrels traded per day. Sonangol acquires a minority stake in Puma Energy. Trafigura sells shares in Anvil Mining Ltd.
2012 USD120.4 billion Impala announced its intention to develop a multi-modal transportation system with a view towards strengthening navigation on and around the Magdalena River, Colombia’s principal waterway.
2013 USD133 billion

In just two decades Trafigura has grown from a small commodity trader with offices in London, Lucerne, Buenos Aires and Amsterdam into a leading global commodity and logistics house. In the process, we have helped to redefine physical commodities markets.

Since our inception in 1993, we have focused on sourcing and distributing physical commodities to balance the global supply and demand for raw materials and meet the needs and aspirations of the world's economies.

Our physical trading model proved popular. As a specialist global trader with access to infrastructure we offered a different route to market for producers and an alternative source of supply for consumers.

Today we have operations in 58 countries. We are active in at least 15 key global markets. Our annual revenues top USD133 billion.

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Performance Highlights

Our performance
Global Group Turnover (USD billions)
Year USD (billions) Description
2007 USD50.9 billion Turnover
2008 USD73.1 billion Turnover
2009 USD47.3 billion Turnover
2010 USD79.2 billion Turnover
2011 USD121.6 billion Turnover
2012 USD120.4 billion Turnover
2013 USD133 billion Turnover
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Our Strengths

Natural advantages stem from our status as one of the world's largest commodity trading houses. Our global network allows us to fulfil deliveries anytime, anywhere. Internally, the management and resources of the company have been critical factors in helping to build our success.

Strengths - Our People

Our People

We benefit from a talented and highly motivated international workforce. Because managers and employees both own and run the company they identify strongly with its performance. Our decentralised structure promotes individual responsibility and a flexible, responsive approach.

An image of a Trafigura data analyst in front of his screen


We have developed proprietary systems to ensure high-quality information exchange. Our IT systems have always been a priority. They allow a high degree of control and maximise the scope for local decision-making.

An image of a Trafigura commodities trader at work

Risk Management

As a global business we are able to pursue a low-risk business model. We match buyers and sellers and use advanced financial techniques to lock in profit and limit our exposure to absolute shifts in commodity prices.

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Industrial Assets

Our production, storage, warehousing and distribution networks bring profitable opportunities. We both lease and acquire assets in support of our core business: trading. We have structured industrial assets into profitable, standalone entities.

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Our strong balance sheet has underpinned rapid growth. We have negotiated extensive financial facilities which add flexibility as we expand our activities.