{
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Mike Wainwright, Trafigura's ex-COO on trial in Switzerland for corruption, defended the company's late founder, Claude Dauphin, as an "inspirational person" and a "genius" in managing people. Wainwright denied allegations that Dauphin promised bribes to an Angolan official for oil deals, asserting his belief that Dauphin would not engage in such actions. The trial continues, with Wainwright expected to provide further testimony.
Trafigura Group is positioning itself for significant growth in the carbon credits market, anticipating that new regulatory frameworks will elevate these instruments to mainstream status in emissions accounting. Hannah Hauman, the global head of carbon trading at Trafigura, noted that increasing regulations aimed at reducing emissions are transforming carbon credits from a tool for corporate experimentation into investment-grade assets.
Trafigura Group is scaling back its share buybacks this year due to declining profits and a leadership transition. The company faces significant buyback costs following several senior departures, which impact its ability to reward the approximately 1,400 top employees who own shares.
Trafigura Group faces bribery charges in Switzerland, accused of funneling payments to Angolan official Paulo Gouveia Junior through a network of former employees, including one dubbed “Mr. Non-Compliant.” The indictment reveals that the company"s late founder, Claude Dauphin, played a key role in the alleged scheme. The court proceedings are set to begin on December 2.
Vitol Group, Trafigura Group, and BP Plc are the primary buyers of fuel from Nigeria's new Dangote oil refinery, which is transforming petroleum trading in Africa and Europe. Since operations ramped up mid-year, these companies have dominated the plant's shipments, according to data from Precise Intelligence.
Trafigura Group, a major player in commodity trading, manages vast oil supplies globally, enough to meet France's needs three times daily. However, a significant crisis has emerged in a remote segment of its operations, potentially costing the company over $1 billion.
Exxon Mobil Corp. has finalized the sale of its Fos oil refinery in France to a consortium led by Trafigura Group, a move that reduces its European refining capacity to approximately 1.1 million barrels per day. This figure includes Exxon's stake in the Miro plant in Germany, which is also set for sale.
Trafigura Group
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Ex COO Defends Trafigura Founder Amid Swiss Bribery Trial Allegations
United States Dollar
Trafigura Group
USA
BRA
Claude Dauphin
Mike Wainwright
Mariano Marcondes Ferraz
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19:01 03.12.2024
trafigura anticipates growth in carbon credits market amid regulatory changes
21:00 27.11.2024
Trafigura reduces share buybacks amid profit decline and leadership transition
15:15 20.11.2024
trafigura faces bribery charges involving angolan official and former executives
19:51 18.11.2024
Vitol and Trafigura dominate fuel purchases from Nigeria's Dangote refinery
Nigerian Naira
BP p.l.c.
Vitol Group
Trafigura Group
NGA
BP Plc
Vitol Group
Trafigura Group
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09:14 06.11.2024
trafigura faces billion dollar loss in overlooked oil market crisis
11:28 02.11.2024
exxon reduces european refining capacity with sale of fos refinery in france
11:18 01.11.2024
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