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French Version
28/07/2010
Africa Energy Intelligence
N°633
AFRICA
How Vitol is Making its Way in Africa
Long the “third man” in trading in Africa, Vitol is now competing on an equal foot with its two rivals, Trafigura and Glencore, which fought among themselves for years for oil business on the continent. Noting that trading margins on oil products and crude were becoming increasingly thin, Vitol invested very early in storage and exploration in Africa. (...)
[650 words]
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