March 02, 2015 12:39 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Vitol S.A.

Company Overview

Vitol S.A., through its subsidiaries, provides energy trading and refining services in Switzerland and the United Kingdom. It processes high-sulfur crude oil imported primarily from the Middle East. The company was incorporated in 1972 and is based in Geneva, Switzerland. Vitol S.A. operates as a subsidiary of Vitol Holding B.V.

Boulevard du Pont d'Arve 28

P.O. Box 384

Geneva,  1205


Founded in 1972


41 22 322 11 11


41 22 781 66 11

Key Executives for Vitol S.A.

Chief Executive Officer
Age: 56
Compensation as of Fiscal Year 2014.

Vitol S.A. Key Developments

HNR And Vitol Talks Fall Apart

Talks between Harvest Natural Resources Inc. (NYSE:HNR) (HNR) and Vitol S.A. have terminated. HNR announced that negotiations with Vitol, for sale of 66.7% stake in Dussafu Marine Permit PSC have terminated. The talks fell apart as the parties failed to reach definitive agreements. James A. Edmiston, President and Chief Executive Officer of HNR said, “In spite of our best efforts, we were unable to reach an agreement on the terms of a transaction with Vitol that would meet Harvest's requirements on timing and certainty. As evidenced by Gabon's recent deepwater bid round, industry interest is very high in the Gabonese deepwater area. We have just completed our 1,130 square kilometer 3-D seismic acquisition covering Harvest's discoveries as well as the highly prospective outboard area of the block. Our discoveries on the block, our substantial prospect inventory, and the excellent prospectively of our outboard area should continue to draw substantial industry interest."

HNR In Talks To Divest Stake In Dussafu Marine

HNR Global Holding B.V., unit of Harvest Natural Resources Inc. (NYSE:HNR) has entered into exclusive negotiations with Vitol S.A. to divest its 66.667% stake in Dussafu Marine Permit PSC, offshore Gabon for $137 in cash. The effective date of the transaction will be October 1, 2013. Harvest has agreed to negotiate exclusively with Vitol for a specified period in order to reach a definitive purchase and sale agreement. The closing of the transaction would be subject to approval by the Government of Gabon and the boards of directors of both HNR and Vitol.

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