Overview

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Concord Energy has an increasing focus on asset investment and development alongside its core trading business.

Key asset investments include Fujairah Oil Terminal and TBS (a products import and storage terminal in Indonesia). Concord Energy has also participated in a landmark transaction involving a large downstream asset in Malaysia via purchase and subsequent sale to strategic investors with yey trading customers that include national oil companies, oil majors and trading companies, such as Total, Shell, ExxonMobil, Sinopec, Chevron, IndianOil, Pertamina and Thaioil.

 

Equity in Dubai Merchantile Exchange (DME)

Concord Energy’s investment in the Dubai Merchantile Exchange (DME) allows access to Omani and Dubai crude prices and derives part of it’s crude sourcing competitiveness from its ownership/membership. Concord has two floor members seats at DME and entitles us to 1.435% of the economic rights to the DME. Other shareholders include Goldman Sachs, JP Morgan, Morgan Stanley, Shell and Vitol.

 

ABOUT DUBAI MERCHANTILE EXCHANGE

Dubai Merchantile Exchange is a premier energy-focused commodities exchange based in Dubai which is home to the world’s third largest crude benchmark. Since it’s launch in June 2007, DME’s objective was to provide a fair and transparent price discovery and efficient risk management to the East of Suez.

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