Socar snaps up Phibro's London-based trading team

Other commodities moves at EDF Trading, Glencore, Goldman Sachs and DME

people-outline

The oil marketing and trading arm of the State Oil Company of Azerbaijan Republic (Socar) has recruited a team of London-based traders from Phibro, the US-based commodity trader.

It comes as California-based Occidental Petroleum, Phibro's parent company, seeks to restructure its business and curb its exposure to proprietary trading in commodities. The firm wound down Phibro's domestic US trading book in late 2014, and in a conference call with analysts in January, chief financial officer Christo

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: