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In order to capitalize on the Group’s established setup and trading network and infrastructure, we are pursuing investment opportunities in the midstream and down- stream sectors. We have recently updated our investment policy to bring it in line with the Group’s strategy to focus more on lower carbon energy trading and diversification into the renewable energy sector.
We conduct our business from strategically positioned affiliates offices located in:
Malta | Rotterdam | Hong Kong | Dubai | Geneva | Istanbul | London | Singapore | Houston
Our physical trading activities cover key strategic geographical areas, serving as a network for national oil organizations, major oil corporations and independent trading companies and refineries. We primarily trade full array of refined petroleum products. However, we are also flexible enough to deal in more specialized offerings when the opportunity arises.
Stoix has become more active in trading Gas Oil & Aviation fuels in Europe and continues to supply refined petroleum products to selected markets. We have spot and term purchase and supply contracts with all our key trading partners.
Stoix frequently leases third-party owned storage facilities. Prior to selecting storage, the Group uses in-ternationally recognized independent inspectors to vet the facilities and perform due diligence. In addition to stringent requirements around tank conditions and cleaning regimes, from an operational HSE perspective, our vetting procedure also confirms the adequacy of the following aspects:
• Environmental permits
• Safety / Personal Protective Equipment policies
• Safety procedures
• Tank bunding (to prevent fuel being released into the environment in case of leak or explosion)
• Fire fighting capability and equipment
• Emergency shutdown system and
• Security arrangements
Stoix Trading, through third party chartering counter-parties, charters vessels globally to transport petroleum products from terminal to terminal and from ship to ship loading and discharge. Stoix is committed ensuring that the vessel has valid classification society certificates and passes the “Ship Inspection Report Programme” (SIRE) according to international standards. Our vessel chartering procedures cover the following:
