City Petroleum FZC has diversified its business to trading in a wide spectrum of commodity products including crude oil, refined oil products, petrochemicals, natural gas, LNG, power, coal, carbon emissions, freight, iron ore, base metals and soft commodities. The Group employs and is privately owned by its founding shareholders and a group of senior employees. A key success factor is our extensive risk management culture.

PERFORMANCE

City Petroleum FZC management team comprises of seasoned business owners in the Oil & Gas industry and we have leveraged our collective knowledge to promote our trade interests.

Our track record includes over US $3.7 billion in completed trade of crude and refined petroleum products and long-term supply agreements through 2019.

At City, we go above and beyond to meet and exceed customer expectations everyday and we are driven to simplifying trade transactions without compromises.

Our firm adheres to strict regulatory compliance in every country we conduct business in and we follow strong business protocols that conform to the International Chamber of Commerce rules and regulation for the responsible trade of our products.

SOLID, UNLEVERED ASSET PORTFOLIO

In addition to our sound equity base, City Petroleum FZC has an attractive portfolio of fixed assets ranging from upstream to essential business infrastructure. Our storage and logistics assets enable our firm to create or enhance trading opportunities.

RISK MANAGEMENT

City Petroleum FZC financial and operational risks associated with transporting commodities in significant volumes around the world.

We aim to perform in all aspects of the risk management spectrum. We continue to invest in our infrastructure. Our human capital is engrained with a corporate culture stressing the values of accountability, responsibility and communication at all levels of the organization.

FINANCIAL RISK

Risk management business functions are segregated and independent from front office operations. Risks are reported to the highest level of the company management. We utilize a wide range of techniques and metrics at the corporate, portfolio and trading level. Our robust control process covers the entire life cycle of risk from inception to settlement.

Our ability to benchmark and understand transactional risk as it relates to the Fair Market Value of products is one of our strengths.

Credit risk is meticulously managed by our Credit Department, providing a vital link between corporate risk management functions and the front office trading units. The department provides necessary checks and balances to facilitate new trading opportunities while also mitigating our ongoing counterparty, sector and country credit risks.

OPERATIONAL RISK MANAGEMENT

We apply extraordinary attention to detail in ensuring the operational suitability of the vessels, barges, trailers and wagons that we use to transport commodities. Shipping, cargo management, loading and unloading is overseen by dedicated experts together with independent inspection companies. Products in storage and the storage assets themselves are continuously monitored.

We aim to consistently reach the highest standards with regard to our safety, health, environment and quality activities, and maintain these standards wherever we operate.

We acquires oil products from a number of refineries. Use of several sources ensures the best competitive ability of each product and safe and cost-effective shipping is an important part of the City Petroleum supply chain.

Performance & Risk Management

PERFORMANCE

EN.

Choose language

Offices

Key to our success is our Extensive Risk Management Culture.