Vitol enters the Ukrainian electricity market

Evromin Energy LLC, whose parent company is part of one of the largest energy traders in the world, the Swiss-Dutch Vitol Company, has been licensed to carry on business in electricity resale (traders).

The decision to grant the Eromin Energy license was adopted on the October 24 meeting of the National Commission for State Energy and Public Utilities Regulation.

According to You Control information resource, the founder of Eromin Energy is the Dutch company Abroil Holding B.V. The director of the Ukrainian licensee is Pavlo Valitskyy.

In turn, Abroil Holding B.V. is part of one of the world's largest traders of Vitol Holding BV.

ExPro Reference:

Vitol is a Swiss-Dutch company that is one of the world's largest traders of oil and petroleum products. Vitol trades in natural gas, electricity and other commodities. Vitol is present in the electricity markets of North America and Europe selling annually more than 44 thousand GWh. The company trades in the markets of Poland, Hungary, Romania, Austria, Germany, the United Kingdom, France, Mexico, the USA, Canada and others. In 2018, Vitol received $ 231 billion in revenue from their trading activities.