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How Trafigura became the largest exporter of Russian oil – Business Insider

June 2, 2015 // 0 Comments

Given that Russia is currently the world’s largest oil producer, and production is largely controlled by a number of state-owned enterprises that is no mean feat. However, it has been achieved after a combination of international sanctions against Russia and a currency crisis made for a unique trade.In effect, Trafigura bailed out the debts of one of Russia’s largest state-owned oil companies in exchange for millions of barrels of cheap oil. Source: How Trafigura became the largest exporter of Russian oil – Business Insider