Wednesday, October 7, 2015 10:38 am
Femi Otedola’s Forte Oil, which has interests in fuel retailing, oil exploration and power generation, said the investment would give Mercuria, the world’s third largest independent energy trader, an inroad into West Africa’s energy sector.
Established in 2004, Mercuria has become one of the largest integrated energy and commodity trading companies in the world.
The Mercuria network encompasses 38 offices in 27 countries and the Group employs more than 1000 people of 40 nationalities. It trades in more than 50 countries.
Mercuria trades physical oil, energy products and other commodities from business hubs in Geneva, London, Singapore, Shanghai and Houston. In support, we operate a growing portfolio of production, logistic and storage assets.