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- Vitol, the world’s largest oil trader, is talking with Abu Dhabi, Bahrain, and Kuwait.
- Ian Taylor, former Vitol CEO, is still the chairman, and is helping run negotiations.
- The news is part of a changing global oil market.
The world’s largest independent oil trader, Vitol, is looking to secure long-term deals with some of the biggest oil-producing countries in the Middle East, in what has become a challenging wider oil-trading market.
Vitol is in discussions to seal either joint venture, or long-term off take and supply agreements with Abu Dhabi, Bahrain, and Kuwait, Ian Taylor, who stepped down as CEO last week to become chairman at the oil trading group, told Bloomberg in an interview on the sidelines of the FT Global Commodities Summit in Lausanne, Switzerland.See the rest of the story at Business Insider
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