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Oil investment

 

Trafigura believes that intelligent direct investment in assets and infrastructure related to its trading activities is a key to success in the oil trading business. The Group has invested in assets that allow it to improve logistics, reduce costs or add new revenue-generating activity to its trading portfolio. The Group's philosophy is to invest only if it thinks that it has the right local structure or partners capable of developing and running the project.

 

In recent years the global investment programme has included the following:

 

  • Guatemala (Puma Energy Guatemala S.A) - a storage and distribution operation with two bases of operation on the Pacific and Atlantic coasts of Guatemala. Being the largest refined product storage facility on the West Coast of Central America enables the Group to leverage enhanced supply logistics throughout the region.

 

  • El Salvador: (Puma El Salvador S.A) - a storage and distribution operation in the port of Acajulta providing additional clean product storage for the group on the Pacific Coast. Additional storage and distribution facilities are being built in Honduras to benefit from the strong supply positions of the Group in Guatemala and El Salvador.

 

  • Cuba (Empressa Cubana de Gas) - a storage and bottling plant for the distribution of bulk and bottled LPG in Cuba. The company is a joint venture with Cupet of Cuba.

 

  • Ghana: Trafigura has built a SBM and CBM offshore oil delivery system to improve the oil logistics of the country.

 

  • Congo (Puma International Congo S.A.) - distribution operations covering the entire Congo territory, based in Brazzaville and Pointe-Noire. Both domestic and industrial client bases are covered from both local and international supply, giving synergy with the Group trading operations.

 

  • United Arab Emirates - Emoil, a joint venture between Trafigura, BP and Emarat has built and operates a gasoline blending oil terminal.

 

  • Brazil (Puma Storage do Brasil Limitada) - a storage and distribution operation currently being developed in partnership with local expertise in North-East Brasil for the distribution part, which will position the Group with a strong supply logistics base in the largest South American market with access to the domestic distribution network.

 

Other storage facilities are located in Australia, Estonia, Ivory Coast, Mozambique and Paraguay.