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Vitol

Vitol is a global energy and commodities trading company headquartered in Geneva, Switzerland, and Rotterdam, the Netherlands. The company is one of the world's largest independent energy traders, handling crude oil, refined petroleum products, natural gas, liquefied natural gas (LNG), coal, carbon emissions and power. Vitol operates across the entire energy supply chain, from production and refining to storage, distribution and retail. The company trades more than seven-million barrels of crude oil and products a day and operates in markets spanning Africa, the Americas, Asia, Europe and the Middle East. Vitol is privately held and employee-owned, with a workforce of about 4 000 people across more than 40 offices worldwide. The group includes VTTI (Vitol Tank Terminals International), which owns and operates storage infrastructure globally. Vitol has invested in downstream assets including refineries, terminals and power generation facilities, and has expanded into renewable energy and the energy transition. The company was founded in Rotterdam in 1966 and has grown through a combination of organic expansion and strategic acquisitions to become a dominant force in global energy markets.

Vitol Updates


The Natref refinery
Trafigura among three bidders for minority stake in South Africa's Natref oil refinery, sources say
5th May 2026 By: Reuters

Global commodities trader Trafigura is among three companies vying for a 36.36% stake in South African petrochemical company Sasol’s Natref refinery, two sources with knowledge of the matter told... 


Petrol
South Africa ramps up fuel imports from US as war jolts trade
23rd April 2026 By: Reuters

South Africa is boosting oil-product imports from the US to help replace lost supplies from the Middle East, in another example of how the conflict is reshaping trade and threatening higher costs... 


Image of LNG pipeline
LNG import facility and power station, South Africa
17th April 2026 By: Sheila Barradas

The project proposes the construction of a combined-cycle gas-fired power station of up to 1 800 MW. 


A file photo of the Engen refinery site in Durban
Vivo Energy converting Durban refinery into fuel storage hub
14th April 2026 By: Bloomberg

Vitol Group’s Vivo Energy is building fuel tanks at a former Durban refinery site to become a leading South African storage hub, buffering the import-dependent nation from oil market shocks.... 


A Shell-branded petrol station in South Africa
Adnoc in advanced talks to buy Shell’s South Africa petrol stations
14th April 2026 By: Bloomberg

Shell is in advanced talks with Abu Dhabi National Oil Co (Adnoc) to sell its retail fuel stations in South Africa, according to people with knowledge of the matter. Adnoc emerged as the preferred... 


Drone view of Durban harbour
Vitol backs proposed $3bn LNG power plant for South Africa's Durban port
16th February 2026 By: Reuters

Global commodity trader Vitol is backing a consortium planning to build a $3-billion gas-fired power station and liquefied natural gas (LNG) import facility at South Africa's east coast Durban... 


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