North Energy is one of the major independent traders in the Middle East petroleum market;
North Energy is one of the major independent traders in the Middle East petroleum market; moving over 100k barrels of physical oil on a weekly basis, ranks us as one of the large independent trading companies in the Middle East. North Energy estimates its traded volumes amount to 1% of the Middle East free market’. Our commercial team yet small but efficient; their diverse experience in finance, risk management, operations and trading enhances their ability to maximize their potentials in all related fields to seek opportunities where competitors find it difficult to participate in. Our international customer base is established with multi-national trading companies and end users, ensuring we can facilitate any type of transaction from trading and supplying to refining, blending and strategic storage.
Our petroleum-related activities are conducted through offices in Dubai, Cairo, Cyprus and a network of branch offices and agencies in East and South Africa. These hubs are supported by our network through local offices, ensuring we remain at the forefront of the latest logistical and geo-political news. Our main counterparties by volume are Trafigura, Adnoc, ENOC, KPC, Tasweeq, PSO, Essar, Reliance, HPCL, Bapco, EGPC, Midor, Amoc, KRPC, CRBC and SPC. North Energy’s turnover is close to US$100 mln for 2011 and net profits for 2009 and 2010 are close to US$ 5 mln.