Former Shell oil traders set up trading house with focus on Africa: sources

Former Shell oil traders set up trading house with focus on Africa: sources

Several former traders from oil major Shell have set up trading house Atmin, backed by Afreximbank, to focus on African oil trading, two trading sources familiar with the development said.

Afreximbank Backs Atmin to Finance, Boost African Oil Trading

By Adedapo Adesanya African Export-Import Bank (Afreximbank) has backed plans to set up an oil trading house called Africa Trading Minerals (Atmin), which will finance the purchase of refined petroleum products by African and Caribbean oil buyers. The bank has invested $3 billion in the trading house, which it expects to finance about $10 billion […]