Euronova Energies S.A.
We trade, transport and store Crude Oil and Refined Products in the South East European market.
We have strategically located tankage capacity on the Adriatic Coast and the Black Sea in addition to shipping and river barge management on the Danube. This combination enables Euronova to deliver optimal performance and service to its customers’ requirements.
We have built-up key relationships with core South East European oil companies, refiners and numerous downstream partners.
The majority of our customers are long term partners. Many chose to renew and expand their business, based on our solid performance and bespoke solution-oriented services.
Core Strengths
- Stable Commercial Foundation
- Dependable Supply Partners
- Strong Financial Underpinning
- Experienced, agile and professional team
Mission Statement
To bridge oil and gas market supply and demand imbalances through the provision of superior logistical and commercial added-value bespoke solutions.
Risk Management
Euronova Energies’ ability to efficiently manage the risks inherent in Oil and Gas trading is key to the company’s continued development.
Our exposure to price volatility is strictly monitored and either hedged with oil derivatives under tripartite agreements between leading clearing houses and our trade finance banks, or contractually transferred on a back to back basis to our commercial counterparts.
Insurance contracts to mitigate operational and credit/political risks are concluded with Lloyds and continental markets.
Compliance
In all its operations, Euronova Energies adheres to all applicable laws and regulations.To ensure consistent compliance to an ever changing and evolving regulatory environnement, Euronova Energies has contracted leading compliance consultants who provide advice and training to our management and staff.
Finance
From its inception, Euronova has successfully built trade finance relationships with leading Swiss and Dutch based Banks ensuring access to transactional commodity finance facilities.
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