Mercurial talents
Led by oil traders Marco Dunand and Daniel Jaeggi, Mercuria Energy Group's turnover has grown fivefold in only three years. Roderick Bruce talks to Dunand, Mercuria's head of global trading, about the company's rapid expansion and its plans for 2008 and beyond
With an estimated global turnover of $25 billion in 2007, up from $5 billion in 2004, Mercuria now counts itself among the top 10 crude oil and products traders globally, rivaling the likes of Sempra, Glencore, Trafigura, Vitol and trading desks at the oil majors. The 450-strong company trades crude, fuel oil, the middle distillates, naptha, gasoline and petrochemicals, and is active in more than 50 countries, with over 30 million barrels of storage capacity. During 2006 Mercuria sold 40.5
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