Vitol Baltics is a part of the Vitol Group, which is an energy and commodities company. Physical trading, logistics and distribution are at the core of the business, but are complemented by refining, shipping, terminals, exploration and production, power generation, mining and retail businesses. Founded in Rotterdam in 1966, today the Vitol Group has almost 40 offices worldwide – with its largest operations in Geneva, Houston, London and Singapore. The group’s turnover in 2014 was $270 billion.
In Latvia the Vitol Group invests mainly in these companies:
- Ventspils nafta termināls Ltd - the crude oil and petroleum products terminal, which is the largest in the Baltics;
- LatRosTrans Ltd – a Latvian-Russian joint venture in the Baltic States, which provides transportation of petroleum products by the main diesel pipeline;
- Latvijas kuģniecība JSC - a joint stock company, which is among the largest ship owners in the world in the medium-sized and handy tankers category.
The distribution of energy products is at the heart of Vitol’s business. Vitol helps its clients optimize their returns, by delivering bespoke solutions, efficiently and on time. Vitol believes that the best results are obtained by working collaboratively with its clients and partners to identify and implement the optimal solution.