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Mercuria Energy Group

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Title: Mercuria Energy Group  
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Subject: ARMO oil refiner, Indonesian Crude Price, Argus Sour Crude Index, Tracer use in the oil industry, Commodity
Collection: Oil and Gas Companies of Switzerland, Oil Traders
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Mercuria Energy Group

Mercuria Energy Group
Private
Industry Commodity
Founded 2004
Headquarters Geneva, Switzerland
(Head office)
Geneva, Switzerland
(Registered office)
Area served
Global
Key people
Marco Dunand, (President and CEO)
Products Raw materials / Energy / Merchant
Revenue US$ 112 billion (2013)[1]
Number of employees
1000+ (2012)
Website www.mercuria.com

Mercuria Energy Group Ltd is a Swiss privately held international

  • Mercuria Energy Website

External links

  1. ^ Financial Highlights
  2. ^ Reuters, last section http://www.reuters.com/article/2013/09/10/ironore-trading-idUSL4N0GZ0WU20130910
  3. ^ Reuters, second paragraph http://www.reuters.com/article/2013/06/18/traders-commodities-idUSL5N0EU0ZU20130618
  4. ^
  5. ^ http://www.mercuria.com/Mop/Site/media/news_releases.php?ID=92&mode=
  6. ^
  7. ^ J&S Group http://www.jandsgroup.com/main_en.html
  8. ^ http://www.metalbulletin.com/Article/2753880/Louis-Dreyfus-metal-traders-investment-managers-will-join-Mercuria-Energy.html
  9. ^ Topix http://www.topix.com/cy/larnaca/2007/09/mercuria-hires-three-traders-from-electrabel-to-set-up-a-gas-power-desk
  10. ^ Bloomberg http://www.bloomberg.com/news/2014-04-24/mercuria-revenue-growth-tops-rivals-before-jpmorgan-deal.html
  11. ^ Navitas Energy http://www.navitasenergy.com/
  12. ^ http://www.vestaterminals.com/
  13. ^ http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:C:2013:037:0035:0035:EN:PDF
  14. ^ CEOWORLD Magazine http://ceoworld.biz/opinion/mercuria-energy-group-ltd-buys-mgm-international-from-morgan-stanley/
  15. ^ http://www.businessweek.com/news/2011-05-03/mercuria-energy-lenders-market-1-25-billion-credit-line.html
  16. ^

References

The company recently arranged debt financing of 2.5 billion to fund expansion through asset purchases in Europe and North America.[15] In 2010, Mr Dunand raised speculation that Mercuria may follow Glencore into the public markets by saying that they did not require additional capital immediately, but may go public within 2–3 years particularly if that allowed them to purchase assets that they could not otherwise afford.[16]

It has subsidiaries worldwide, including Navitas Energy in Canada[11] and Vesta Terminal Services in Europe,[12] which operates port logistics, storage and processing facilities in the Netherlands, Estonia, Belgium, and Germany. Mercuria, former owner of Vesta Terminal, entered into a joint venture with Sinopec by selling 50% of the terminals in 2013.[13] In November 2010, Mercuria Energy bought MGM International Group from Morgan Stanley Capital Group Inc. and MGM International LLC.[14] The Miami, Florida-based MGM International Group is developer of international projects to reduce greenhouse gas emissions and trades in global carbon markets.

Mercuria was founded in 2004 by Marco Dunand and Daniel Jaeggi, then executives at Goldman Sachs, Louis Dreyfus Group[8] and Electrabel in London.[9] Mercuria's 2013 revenue was US$ 112 billion.[10]

Mercuria moves about 1.5m barrels of crude and oil products daily, and has upstream and downstream assets ranging from oil reserves in Argentina, Canada and the US, to oil and products terminals in Europe and China, as well as substantial investment in the coal mining industry and bio fuels plants in Germany and the Netherlands.[5] Their primary competitors are Swiss commodity houses Glencore, Trafigura and Vitol, US based trader Cargill and Hong Kong/Singapore based Noble Group.[6]

They are one of the world's five largest independent energy traders and asset operators and are based out of Geneva, Switzerland, with 28 additional offices worldwide.

[4]

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