Article length: 2005 words
Trafigura’s Angolan partnership delivers pole position in southern African oil and minerals
After buying out most of BP’s downstream sub-Saharan African assets in 2010 and entering into a lucrative partnership with DT Group to market Angolan oil into China, Trafigura and its partners seem set to become the biggest suppliers of fuel and logistics in Angola and neighbouring Democratic Republic of Congo (DRC), as well as major buyers of their minerals.Trafigura describes DT Group as a joint venture between its Singapore subsidiary Trafigura Pte Ltd and Cochan Ltd. The group’s interests span trading, shipping infrastructure, asset management, logistics and mining, as well as crude oil and products trading, mainly from and into Angola.
Credit value: 20