LITASCO Operations executes all crude and product trading agreements through a global network of commercially focused operators. Operating teams are organized with a reporting line to the CEO independent of Trading. They are based in our main trading hubs: Geneva, Rotterdam, Singapore, Houston and Dubai.
Operators are pivotal to the LITASCO execution process. Operators manage the negotiated commercial agreements of physical hydrocarbons, are in charge of the operations on vessels, rail, barge and in terminals, while acting as a control on financial security, safety of operations, legal and tax issues, by consulting with the expert departments in the company.
Operations ensure seamless deal execution, around the clock engagement with customers, service providers and trading teams. Additional value is generated from blend and logistical optimisation, minimising costs and risks within the contractual boundaries and along the existing storage agreements for approximately 5 mln cbm of tankage.