Mabanaft Reorganizes Its Trading Business
In future, Mabanaft will concentrate on wholesaling, service stations, retailing and bunkering as well as optimizing the supply chain for these activities. Physical oil trading is central to Mabanaft’s trading strategy. This means exiting the international trading business in Houston and Rotterdam in a controlled way. The main reasons for the withdrawal from international trading are the significant changes in the market and the associated incompatibility of this business with the company’s conservative approach to risk-taking.
The Rotterdam-based carbon credit business, however, has a promising future and is continued.
Mabanaft Singapore focuses on the regional physical trading business from this point on, serving as a center of expertise for the entire Marquard & Bahls Group in this region.