Full-Time
Global energy trading, logistics, and infrastructure
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Houston, TX, USA
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In-office five days per week.
Bachelor's
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Vitol is a global energy trader and logistics operator across oil, gas, power, and renewables. It sources crude and products and moves them to refineries, utilities, airlines, retailers, and traders, while managing physical energy risk. It coordinates physical trading, shipping (about 6,000 voyages a year) and energy infrastructure with in-house technology. Its goal is to add value across the energy supply chain, support the energy transition with investment in renewables, and maintain strong risk and operational performance.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
New York City, New York
Founded
1966
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Refinery rivalry: billion-dollar oil projects expose East Africa's long-running regional tensions. East Africa, a region that has been working to deepen economic integration for more than 25 years, has a history of disagreements about the location of energy infrastructure. Uganda discovered oil in 2006 with the potential to pump an estimated 210,000 to 230,000 barrels of oil per day at peak production. Back in 2014, Kenya and Uganda agreed on a joint crude oil pipeline from Uganda's oil fields at Lake Albert to the Indian Ocean. But the plan was shelved in 2016. Eventually, Uganda chose a southern route through Tanzania, forcing Kenya back to the drawing board. This year, Kenya's president William Ruto and Uganda's Yoweri Museveni announced plans for a new east African oil refinery, reportedly in Tanzania by Nigeria's Aliko Dangote, Africa's richest person and the founder, president and chief executive of the Dangote Group. The refinery plans looked like a win for east African solidarity and sovereignty. However, days later, President Samia Hassan said she hadn't been consulted on the plans to build it in Tanzania. The Dangote refinery has now been slated for Lamu, Kenya's new port north of Mombasa. That should have closed the matter but it did not. Uganda and Tanzania have since signed a memorandum of understanding with commodity trader Vitol Bahrain to build a US$20 billion regional energy hub in Tanga, Tanzania complete with petroleum storage, refining, logistics, trading and distribution facilities. Brendon J. Cannon and Stephen Mogaka have written about east African politics, pipelines and security for over a decade. They shed light on these latest developments. You studied the regional energy rivalry in east Africa over a crude oil pipeline. How did it play out? Uganda and Kenya agreed in 2014 to jointly build a pipeline from Uganda's oilfields to Kenya's planned port at Lamu. The deal collapsed within two years. Kenya's push for its northern route, inflated security concerns and land compensation issues all played a part. But the decisive factor was Total, the French oil major developing Uganda's fields. It lobbied for and helped finance an alternative pipeline bypassing Kenya entirely to Tanzania's port of Tanga. Landlocked Uganda's chronic unease about depending on Kenya did the rest. By 2016, the pipeline deal was dead. The Uganda-Tanzania route, known as the East African Crude Oil Pipeline, is becoming a reality, at reportedly 90% complete as of August 2026. The first oil is expected in early 2027. The heated pipeline will carry Uganda's waxy crude oil from its Lake Albert oilfields to Tanga in Tanzania for export. What drives mistrust and competitive statecraft in the east African region? Competitive statecraft in east Africa, particularly between Kenya and Tanzania, is old and deep. It is rooted in divergent post-independence ideologies, and in recent decades by rival ambitions to be the region's main commercial gateway to international markets. Kenya's post-independence leaders were once dismissed by Tanzanian president Julius Nyerere as running a "man-eat-man" society on account of Nairobi's capitalism. Kenyan attorney-general Charles Njonjo shot back, calling socialist Tanzania a "man-eat-nothing" society. The legacy of mutual suspicion continues to cast a shadow despite some improvements in bilateral relations between Kenya and Tanzania. Kenya has pushed for decades to fully develop its northern transport corridor. Tanzania has attempted to do the same for its central and southern routes. As early as 2016, journalists were already describing Kenya's planned port at Lamu and Tanzania's answer at Bagamoyo as rivals in the race to become east Africa's most important port. Kenyan transport officials are still weighing upgrades to the northern corridor to fend off Tanzania's expanding central corridor and its new electric railway. Each has courted landlocked Uganda and Rwanda, and more recently Uganda's oil, as the prize that determines which corridor prevails. But the biggest prize of all would be a pipeline corridor to South Sudan and its oil, with proven reserves of of 3.5 billion barrels, making it the third-largest holder of oil reserves in sub-Saharan Africa and the primary major oil producer in east Africa. Kenya, Uganda and Tanzania have been consulted on the Dangote-financed refinery. Does the Lamu decision mark a break from past rivalries? The decision to build what is billed as east Africa's only refinery in Lamu seems, at first, to be more of the same politics of intrigue. But it's worth pointing out that the Tanga idea began as a joint regional concept: Kenya, Uganda, Tanzania and others floated a Dangote-style refinery in early 2026. And Dangote offered to lead its construction if governments agreed on a site. Ruto's early embrace of Tanga was itself widely misread in Kenya as him favouring Tanzania over his own country. It prompted uncomfortable questions about his motives before Dangote's own commercial preference for the Kenyan coast settled the matter. His public rebuke by Tanzania's president only added to the ill will. Reports on the deliberations indicate Dangote's team weighed Uganda's oilfields near Hoima, Mombasa and Tanga before settling on Lamu. This was on the strength of ample land suitable for large-scale industrial development and a functioning deep-water port. Kenya's more liquid banking sector was also capable of helping underwrite the US$16-US$17 billion project. As with the east African pipeline saga in 2014, an external investor's commercial calculus, not regional consensus, decided the outcome. Dangote does not need east African solidarity. If one government proves difficult, he can build elsewhere, exactly as Total once did. Kenya, chastened by its clumsy pipeline diplomacy circa 2014, appears to have lobbied more skilfully this time. It has reportedly pledged seed capital totalling KSH 21.5 billion (approximately US$166 million) and invited its neighbours to take stakes. Yet within weeks, Uganda and Tanzania answered with their own Tanga hub, framed around retaining more value from regional oil rather than exporting crude and importing refined fuel. Uganda, notably, keeps hedging: attempting to finance its own Hoima refinery while backing both Lamu and Tanga. Rivalry has not disappeared from east Africa. It has simply been repackaged as parallel, competing "regional" projects. How strong is the case for a regional refinery? The underlying economic logic for a refinery is strong. East Africa refines almost none of its own fuel despite an estimated 4.7 billion barrels of reserves across Uganda, Kenya, South Sudan and the Democratic Republic of Congo. Iran's threats and attacks against shipping in the Gulf this year underscored how vulnerable the region is to Middle Eastern supply shocks. A Lamu refinery sits at the terminus of a multi-country corridor: the Lamu Port-South Sudan-Ethiopia Transport project. This is a multi-decade, multi-billion-dollar plan to link the deep-water port at Lamu with road, rail, pipeline and airport infrastructure reaching South Sudan and Ethiopia. It will also potentially carry South Sudan's abundant, higher-quality crude (still shipped mostly through Sudan), plus Kenya's own onshore reserves in Turkana and prospective offshore fields. Linking this to a refinery, rather than only a crude export pipeline, would give Lamu a far more durable rationale than the aborted Uganda-Kenya pipeline ever had. Whether this happens depends less on engineering than on east Africa's politics and financing.
Fuel shortage in Namibia may affect flights to Europe: Lufthansa. Aircraft flying from Windhoek to Frankfurt and Munich being rerouted via Angola to refuel, says Lufthansa Group. Story audio is generated using AI Lufthansa's Discover Airline said on Thursday that a temporary fuel shortage at Namibia's Windhoek airport was impacting its flights to Europe, blaming operational problems at supplier Vitol rather than shortages because of the Iran war. Vivo Energy, the unit of Vitol which is contracted to sell fuel products in Namibia, did not immediately respond to queries for comment. The carrier said aircraft operating flights to Frankfurt and Munich from Windhoek were being rerouted via Angola to refuel before continuing their journeys. "Lufthansa Group does currently face a local and temporary shortage in fuel with its suppliers at Windhoek airport," a spokesperson said of the shortages at Hosea Kutako International Airport. Namibia, a global oil and gas exploration hot spot which hopes to produce its first oil by 2030, consumes about 100-million litres of petrol and diesel each month. African countries are largely dependent on imported refined products, such as petrol, diesel and jet fuel from the Middle East, but have so far managed to avert any major supply disruption. In May, energy minister Modestus Amutse granted Vitol a three-month exclusive fuel supply deal to counteract fuel price volatility linked to the Iran war. A Discover Airline spokesperson said they had to divert one flight yesterday to Frankfurt and another on Thursday. Discover has 10 flights per week to Frankfurt and Munich from Windhoek. The company's fuel procurement and ground staff were looking for solutions to reinstate normal supplies, Discover Airline said in a statement. Lufthansa said in response to Reuters' questions that cargo shipments may be impacted. The official opposition party, Independent Patriots for Change (IPC), said Lufthansa Cargo had notified its customers in writing on August 19 that it could not move cargo from Windhoek due to the shortages. "The restriction runs to 23 August 2026 and, in the carrier's own words, that date is subject to change," said an IPC statement on Thursday. Reuters saw a screenshot of the written notice but could not verify its authenticity. In a statement on Thursday, the Namibia Airports Company said it was aware of Jet A-1 fuel-supply challenges at the country's main aviation gateway and that efforts were under way to minimise disruptions.
BP joins Trafigura and Vitol in the contest for Venezuelan oil. BP's return to the Venezuelan oil market comes as the company, along with its partners, obtained a license to develop and operate the second phase of the Loran gas field, an offshore deposit in the Caribbean. By Lucia Kassai August 18, 2026 | 01:25 PM Bloomberg - BP Plc (BP) has become the latest foreign company to begin trading Venezuelan oil since the United States overthrew former President Nicolás Maduro, following in the footsteps of Trafigura Group and Vitol Group. According to a document consulted by Bloomberg News, the tanker Monte Lema finished loading fuel oil for BP on Tuesday. The vessel, carrying 400,000 barrels of heavy fuel oil, has Houston as its provisional final destination. The fuel oil is supplied by state-owned oil company Petróleos de Venezuela S.A. PDVSA did not immediately respond to requests for comment. BP said in an emailed statement that it generally does not comment on commercial operations or shipping movements. BP's return to the Venezuelan oil market comes as the company, along with its partners, obtained a license to develop and operate the second phase of the Loran gas field, an offshore deposit in the Caribbean. It is one of the first projects assigned by the Venezuelan government to a private company since the overthrow of Maduro in January and the approval of a new hydrocarbons law designed to attract private companies. This shipment places BP among a select group of companies with direct access to Venezuelan oil sold by both PDVSA and independent producers, a privilege initially granted to Trafigura and Vitol. Phillips 66, Novum Energy Trading Corp., George E. Warren LLC, BGN, and Reliance Industries Ltd. were already buying oil without intermediaries. BP has not yet made a final investment decision for the Loran project. The London-based company has accelerated its return to the oil and gas sector under the direction of its new CEO, Meg O'Neill, after years of failed low-carbon projects. BP announced in April, O'Neill's first month in office, that it would open a permanent office in Caracas. Read more on Bloomberg.com
Axpo and Vitol launch LNG bunkering at Italy's largest cruise port. Axpo and Vitol have completed the first LNG bunkering operation at the Port of Civitavecchia in Italy, refuelling a flagship vessel of a leading international cruise line. The port now joins Genoa and Naples in offering LNG refuelling services. This represents an important milestone in the development of infrastructure and services for alternative maritime fuels in Italian ports. Green Pearl, a 7500 m[3] Italian bunkering vessel operated by Axpo, safely conducted the ship-to-ship refuelling operation at Civitavecchia's berth 18. Operated by Axpo, Green Pearl was brought into service in 2026 and is dedicated to ship-to-ship and ship-to-truck bunkering operations in Italian ports. Axpo Italia CEO, Simone Demarchi, said: "This latest operation shows the ability of our supply chain to grow rapidly and meet the needs of leading international cruise lines. Over the coming years, the shipping and cruise sectors will be called upon to accelerate their decarbonisation journey. Today, LNG is one of the most substantial and readily available solutions to help support this transition." Vitol Head of Small Scale LNG & LNG Bunkering, Stefan Dubbeldam, added: "LNG and bio-LNG have a key role to play in reducing emissions from bunkering. Vitol is globally invested throughout the value chain, from upstream bio-LNG and LNG production and offtake, through to solutions for customers through our LNG bunker vessel fleet." A podcast series for professionals in the LNG industry featuring short, insightful interviews. Subscribe on your favourite podcast app to start listening today. Embed article link: (copy the HTML code below):
Axpo and Vitol complete first LNG bunkering at Port of Civitavecchia. Posted on August 12, 2026 Civitavecchia, Italy (Ports Europe) August 12, 2026 - Axpo Italia and trading company Vitol have completed the first ship-to-ship liquefied natural gas (LNG) bunkering operation at the Port of Civitavecchia, extending Axpo's Italian LNG bunkering network to a third cruise port. The operation supplied fuel to a Silversea cruise ship without requiring passengers to disembark... PortSEurope offers an English-language daily coverage from over 200 ports in the Mediterranean, Black and Caspian Seas as well as a fully indexed and easily searchable database with more than 15,000 articles.