In keeping with Eni’s overall strategy in respect of the global energy transition, starting from January 1, 2021, Eni Trade & Biofuels SpA ("ETB"), fully owned by Eni SpA, will be the sole entity responsible for the international trading of crude oil, petroleum products, bio-fuels and related financial derivatives for the Eni group.
In particular, ETB will be responsible for marketing Eni’s oil equity productions, sourcing hydrocarbon and bio feedstock and marketing the resulting productions of its traditional and green refineries and of its petrochemical arm Versalis.
ETB’s activities further include the sourcing and management of maritime transportation and logistic services, and the provision of oil risk management services, for itself and on behalf of the whole Eni group, by trading commodity derivatives on the main regulated and over the counter markets.
ETB’s integration with the wider Eni businesses ensures a global and integrated approach that is further reinforced by Eni's relationships and broad portfolio of global assets.
ETB is the trading arm of the Eni group for crude oil, petroleum products and bio-fuels; on the 1st of January 2021 ETB completed the acquisition of Eni Trading and Shipping S.p.A. activities and related shipping services.
ETB relies on a team of about 250 people distributed in three offices (Rome, London and Singapore) with the addition in Houston of Eni Trading & Shipping Inc. (ETS Inc) which handles marketing of oils and petroleum products for the US market.
ETB, together with ETS Inc., ensures a global presence on the international markets.
The ETB team is made up of motivated and highly qualified people who:
· ensure in-depth knowledge of the energy commodities and financial markets;
· take advantage of the vast experience gained previously in Eni group;
· have access to a broad background of professional, cultural and gender experiences;
· work with passion, determination and are oriented towards excellence;
· guarantee reliability, speed and flexibility in achieving the assigned objectives;
· share the values of integrity, transparency and social responsibility. Principles that are the basis of our work, in compliance with the law, our Code of Ethics and Eni's regulatory system;
· undertake to achieve best practices in the application of Eni's regulatory system, with particular attention to Anti-Corruption, Antitrust, HSEand Market Abuse regulations and in compliance with the applicable laws on economic and financial sanctions.
The trading activities of ETB are focused on maximising the value of Eni equity crude oil productions and Green/Traditional Refinery and Marketing’s ’s refined products, whilst ensuring optimal purchase and delivery of best suited feedstock (both traditional and Bio) to the Eni refinery and petrochemical system.
A global and an active market presence both aimed at selling equity and at acquiring alternative grades for our refineries is paramount to ensure the above value maximisation.
Similarly, refined products portfolio optimisation is fundamental to ensure maximum value, particularly in volatile markets.
The trading activity is also developed through an articulated logistics network of assets (some of Eni’s property, others leased from third parties) through which the business is further enhanced and optimized.
Shipping activities consist in the sourcing and management of maritime transportation and logistic services for crude oil and petroleum / chemical products, both on international and national routes, carried out for own use and offered to other Eni’s business lines and to other companies of Eni Group.
In particular, the international transport of crude oils and refined products is carried out between the places of production or refining and other facilities of both Eni and third-party operators.
Domestic transport, on the other hand, mainly refers to semi-finished and finished products, both refining and petrochemicals, between the various production and distribution centres of Eni's operating units.
For ETB it is essential that charters and related technical operators comply with all environmental and international safety codes.
To ensure this, ETB has set up its own Vetting team that guarantees the selection and authorization of the use of ships through inspections that assess their compliance with the highest industry standards.
This service started in the mid-nineties and since then, a sophisticated IT system has been developed allowing both the verification of the compliance with the rigorous standards required by the industry and the optimization of the processes.
· ETB inspections of oil tankers, gas and chemical tankers, are performed through SIRE system (Ship Inspection Report) and by OCIMF (Oil Companies International Marine Forum) accredited inspectors, who rely on two inspection companies which ETB has a service contract with. Wherever possible, assessments are carried out on the basis of physical inspections conducted by ETB teams.
· the assessment monitors the following areas: compliance with the ETB Minimum Selection Criteria (MSC), non-compliance with SIRE, PSC (Port State Control) and Flag State controls, ship’s age profile, Tanker Management Self Assessment (TMSA) results, accidents log and previous reports.
ETS adheres to the TMSA program and supports ship operators who actively participate in the system.
Eni Trade and Biofuels SpA has adopted its own Model of Organization, Management and Control in accordance with Legislative Decree no. 231 of June 8, 2001 (the "Model 231"). Document available below.
Below you can find the Brexit-compliant references relevant to our activities related to Eni Trade & Biofuels S.p.A. - UK Establishment:
Eni Trade & Biofuels S.p.A. - UK Establishment
123 Buckingham Palace Road – SW1W 9SL - LONDON - UK
UK establishment number: BR022620
Head Office: Piazzale Enrico Mattei n. 1 – 00144 – ROME - ITALY
Registered at Chamber Of Commerce, Industry, Handicrafts And Agriculture Of Roma
Registration number: RN - 1609163
Joint Stock Company - Public Company Limited by Shares
This website uses cookies to show you adverts and offer you services customised according to the preferences you have shown while browsing online. For further information please refer to our cookie policy.
THIS WEBSITE (AND THE INFORMATION CONTAINED HEREIN) DOES NOT CONTAIN OR CONSTITUTE AN OFFER OF SECURITIES FOR SALE, OR SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OR IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR FOR THE ACCOUNT OR BENEFIT OF ANY U.S. PERSON AS THAT TERM IS DEFINED IN THE SECURITIES ACT (A "U.S. PERSON"), AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH AN OFFER OR SOLICITATION WOULD REQUIRE THE APPROVAL OF LOCAL AUTHORITIES OR OTHERWISE BE UNLAWFUL (THE "OTHER COUNTRIES"). THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR PURSUANT TO THE CORRESPONDING REGULATIONS IN FORCE IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE “OTHER COUNTRIES” AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. NO PUBLIC OFFERING OF SUCH SECURITIES IS INTENDED TO BE MADE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN THE “OTHER COUNTRIES.”
In any Member State of the European Economic Area ("EEA"), the information contained in this website is only directed at and may only be communicated to persons who are "qualified investors" ("Qualified Investors") within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "Prospectus Regulation").
The information to which this website gives access is directed only at persons (i) who are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) who have professional experience in matters relating to investments falling within Article 19(5) of the Order or (iii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which this communication relates is only available to relevant persons and will be engaged in only with relevant persons, or in the EEA, with Qualified Investors. Any person who is not a relevant person, a Qualified Investor or otherwise permitted under applicable law or regulation to access the information, should not act or rely on the information contained herein.
Confirmation of Understanding and Acceptance of Disclaimer
These materials are for informational purposes only and are not directed to, nor are they intended for, access by persons located or resident in the United States, Australia, Canada, Japan or South Africa or any of the Other Countries. I certify that:
I am not resident of, or located in, the United States, Australia, Canada, Japan or South Africa or any of the Other Countries or I am not a U.S. Person; or
If I am a resident of, or located in, the EEA, I am a Qualified Investor within the meaning of Article 2(e) of the Prospectus Regulation; or
If I am a resident of, or located in, the United Kingdom, I am a Qualified Investor and a relevant person.
I have read and understood the disclaimer set out above. I understand that it may affect my rights. I agree to be bound by its terms and I am permitted under applicable law and regulations to proceed to the following parts of this website.
WARNING: the above certification constitutes a "self-certification" pursuant to Decree of the President of the Italian Republic No. 445 of 28 December 2000. False certifications are punishable by law.
