Brazil veltol energy

Vitol pays $164 million to resolve U.S. allegations of oil bribes in

Vitol Group''s U.S. subsidiary agreed to pay $164 million to resolve probes by the U.S. government that the energy trader paid bribes in Brazil and other countries to boost

Statement from Vitol

Vitol has reached agreement with US and Brazilian authorities in respect of certain conduct in Brazil and other jurisdictions. As part of this agreement Vitol will pay a settlement amount of $163.8 million. For over 55

Vitol to acquire 50% in Brazilian downstream company Rodoil

Vitol has agreed to acquire 50% of Brazilian downstream company Rodoil for an undisclosed sum. Rodoil is a market leader in the southern part of Brazil with a downstream network comprising some 300 branded service stations and a distribution business supplying an additional 1,400 plus service stations through its network of 10 strategically located terminals.

Vitol joins energy trading in Brazil | Business | valorinternational

"Brazil is the largest energy market in South America, with more than 70 GW of demand and several large players. Vitol joins Brazil''s power industry with a long-term vision and commitment, bringing all its trading expertise from around the world to this market," he said.

Insight: Vitol, rival oil traders in spotlight of Brazil bribery probe

The probe could jeopardize their current and future business in Brazil, an increasingly important global oil producer. A Vitol-led consortium has a $1.5 billion deal pending to purchase Petrobras'' stake in prized Nigerian oilfields. The new developments also signal that Brazil''s landmark Car Wash probe may be far from over.

Former Vitol oil trader convicted of Ecuador, Mexico

A former oil trader at Vitol, one of the world''s largest energy trading companies, was convicted on Friday of corruption charges stemming from more than $1 million in bribes he paid to officials

World''s Top Oil Trader Vitol Smashed Profit Record in 2020

(Bloomberg) Vitol Group reaped record profits of around $3 billion last year as the world''s largest independent oil trader surfed the dramatic moves in energy markets, according to people familiar with the matter. The results are the latest indication of the bonanza that oil traders enjoyed in 2020, when the commodity plunged amid a Saudi-Russian price war in the

Mexico bans Vitol, Trafigura from new oil trades on corruption

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The CFTC $95 million Vitol Energy Trading Manipulation Order

Of this amount, Vitol will pay $90 million directly to DOJ and another $45 million to the government of Brazil. The Commodities Futures Trading Commission has ordered Vitol to pay $95 million in disgorgement and civil penalties, some of which will be offset by the criminal penalties, but at least $28 million will go directly to the CFTC.

Ex-Vitol energy trader pleads guilty to international bribery scheme

Javier Aguilar, a former energy trader for Vitol Inc., pleaded guilty in federal court on Wednesday to his involvement in a bribery scheme that facilitated the payment of hundreds of thousands of

Exclusive: Ecuador weighs suit against Vitol in wake of graft

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Vitol joins energy trading in Brazil | Business

Vitol, the world''s largest independent oil trading company, has launched its energy trading company in Brazil – a segment in which consumers directly negotiate their demands. The new company is called Vitol Power

Vitol Earned $13 Billion in Second Year of Blowout Profits

(Bloomberg) --Vitol Group posted a profit of about $13 billion for 2023, according to a person familiar with the matter, marking the second consecutive year of bumper earnings for the world''s biggest independent oil trader.Profit fell from the record $15.1 billion that Vitol earned a year earlier but was still more than triple the company''s profit in 2021, before Russia''s

Former Energy Trader for Vitol Inc. Pleads Guilty to International

A former energy trader pleaded guilty yesterday for his role in a scheme to bribe Mexican government officials to secure contracts for his then-employer, Vitol Inc. (Vitol), the U.S. affiliate of the largest independent energy trading firm in the world. In December 2020, Vitol admitted to bribing officials in Ecuador, Mexico, and Brazil in

Vitol settles with US, Brazil over bribery scheme (update*)

Vitol, a Dutch energy trading company, has agreed to pay $163.8 million to settle with US and Brazilian enforcers after paying bribes to officials in Brazil, Mexico and Ecuador. Vitol''s Houston-based subsidiary entered into a three-year deferred prosecution agreement in which the company admitted wrongdoing.

Former Vitol oil trader convicted of Ecuador, Mexico corruption

A former oil trader at Vitol, one of the world''s largest energy trading companies, was convicted on Friday of corruption charges stemming from more than $1 million in bribes he paid to officials

Brazil, U.S. in unique position to lead energy transition, Valor''s

"Brazil and the United States are in a unique position to lead this transition," she said. "With an abundance of natural resources, great potential in renewable energies, high

Vitol Power Brasil Documents Archive

For over 50 years Vitol has served the world''s energy markets. Overview. Trading & distribution Shipping Production Downstream Refining Business solutions Storage & blending. Gas . Gas. As a displacement fuel, gas will be a key part of the energy transition. Overview. LNG Biogas LPG Business solutions Pipeline gas.

Vitol $85 billion revenue hit offset by trading profits

(Reuters) – Global energy trader Vitol suffered an $85 billion fall in revenue last year, but its profits were boosted as trading plays offset the impact of the COVID-19 pandemic on oil demand and prices. Brazil, Argentina sign deal with Bolivia''s YPFB to transport Vaca Muerta gas November 27, 2024; Brava Energia Hires Constellation''s

Energy Transition

Brazil: Petrobras receives $45M in Vitol Corruption Settlement

Brazilian state-run oil company Petrobras said that it had received 232.6 million reais ($44.65 million) on Tuesday in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe.

VPR Refinery

Brazil lawmakers approve wind energy bill that includes fossil fuel

1 天前· Brazil''s Senate approved a wide-ranging energy bill on Thursday that establishes a regulatory framework for offshore wind energy projects while including unrelated amendments

Brazil veltol energy [PDF]

6 FAQs about [Brazil veltol energy]

Who is Vitol power Brasil?

The new company is called Vitol Power Brasil and aims at serving large energy consumers. The company received an initial investment of R$108 million, is backed by its parent company, and has already started its first operations.

Why did Vitol join Brazil's power industry?

Vitol joins Brazil’s power industry with a long-term vision and commitment, bringing all its trading expertise from around the world to this market,” he said. The liberalization meets the 500-kW limit defined by Law 9.427, of 1996, by allowing any high-voltage consumer, regardless of their consumption, to choose their supplier.

What's new in Brazil's energy bill?

Brazil's Senate approved a wide-ranging energy bill on Thursday that establishes a regulatory framework for offshore wind energy projects while including unrelated amendments promoting polluting energy sources like coal and natural gas.

How much power does Brazil lose a year?

Brazil, with a large and complex grid system that has not fully kept up with the demands of the energy transition, loses about 16% of the power it generates. Historically, Brazil has lacked investment in new grid infrastructure, particularly in remote areas where the potential for renewable energy development exists.

What does Vitol do for a living?

Vitol’s renewable energy business in the United States includes more than 1 GW of solar and wind power in operation or under construction and an additional pipeline of more than 2.5 GW of projects in solar and battery storage, totaling investments of more than $1 billion.

How is Brazil's power industry expanding?

Brazil’s power industry is expanding mainly through the free market. Some trading companies are expanding their operations by offering services to consumers and generation companies and building greenfield projects specifically for renewable sources.

Solar Pro.