Trafigura
 |
|
| Private | |
| Industry | Commodity |
| Founded | 1993 |
| Headquarters |
Geneva, Switzerland (Registered office) |
|
Area served
|
Global |
|
Key people
|
Jeremy Weir, (CEO) |
| Services | Commodity trading/logistics |
| Revenue | US$ 98.1 billion (2016) |
| US$ 0.975 billion (2016) | |
|
Number of employees
|
4,107 (2016) |
| Website | www |
Geneva, Switzerland
(Head office)
Trafigura Pte Ltd is a Singaporeanmultinational commodity trading company founded in 1993 that trades in base metals and energy, including oil. It is the world's second largest private oil trader after Vitol and the world's largest private metals trader.
Trafigura was set up by Claude Dauphin and Eric de Turckheim. It split off from a group of companies managed by Marc Rich in 1993. Before his death, in Septembre 2015, Dauphin owned less than 20% of the company, with the rest owned by 500 senior staff.
Trafigura has been named or involved in several scandals, particularly the 2006 Côte d'Ivoire toxic waste dump, which left up to 100,000 people with skin rashes, headaches and respiratory problems. The company was also involved in the Iraq Oil-for-Food Scandal.
Trafigura has built or purchased stakes in pipelines, mines, smelters, ports and storage terminals.
Trafigura Beheer BV was established as a private group of companies in 1993 by six founding partners: Claude Dauphin, Eric de Turckheim, Graham Sharp, Antonio Cometti, Daniel Posen and Mark Crandall. Claude Dauphin, Executive Chairman and the last remaining founder in an executive position, owns less than 20 per cent of the group’s equity while more than 700 senior managers control the rest. Initially focused on three regional markets – South America (oil and minerals), Eastern Europe (metals) and Africa (oil) – Trafigura has since diversified and expanded globally. In November 2013 it was announced that Tory peer and former leader of the House of Lords Baron Strathclyde, Thomas Galbraith would be joining Trafigura as a non-executive director. He had previously stood down from the board of the group’s hedge fund arm following the 2009 controversy over the Côte d'Ivoire incident.
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Wikipedia