private industry commodity founded 2004 headquarters geneva switzerland head office geneva switzerland registered office area served global key people marco dunand president and ceo products raw materials energy merchant revenue us 112 billion 2013 1 number of employees 1000 2012 website www.mercuria.com mercuria energy group ltd is a privately held swiss international commodity trading company active over a wide spectrum of global energy markets including crude oil and refined petroleum products natural gas including lng power coal biodiesel carbon emissions base metals 2 and agricultural products . 3 in 2014 the company bought the commodities trading arm of j.p. morgan in a reported us 800 million deal . 4 it is one of the world s five largest independent energy traders and asset operators and is based in geneva switzerland with 28 additional offices worldwide . mercuria moves about 1.5 m barrels of crude and oil products daily and has upstream and downstream assets ranging from oil reserves in argentina canada and the us to oil and products terminals in europe and china as well as substantial investment in the coal mining industry and bio fuels plants in germany and the netherlands . 5 their primary competitors are swiss commodity houses glencore trafigura and vitol us based trader cargill and hong kong singapore based noble group . 6 mercuria was founded in 2004 by marco dunand and daniel jaeggi then executives at phibro the commodities trader sold by citigroup to occidental petroleum in 2009 and previously at goldman sachs . until 2007 mercuria was called the j & s group 7 and focused mostly on oil trading . as they have expanded they have hired away traders and investment professionals from across europe particularly morgan stanley goldman sachs louis dreyfus group 8 and electrabel in london . 9 mercuria s 2013 revenue was us 112 billion . 10 it has subsidiaries worldwide including navitas energy in canada 11 and vesta terminal services in europe 12 which operates port logistics storage and processing facilities in the netherlands estonia belgium and germany . mercuria former owner of vesta terminal entered into a joint venture with sinopec by selling 50 % of the terminals in 2013 . 13 in november 2010 mercuria energy bought mgm international group from morgan stanley capital group inc. and mgm international llc . 14 the miami florida based mgm international group is developer of international projects to reduce greenhouse gas emissions and trades in global carbon markets . the company recently arranged debt financing of 2.5 billion to fund expansion through asset purchases in europe and north america . 15 in 2010 mr dunand raised speculation that mercuria may follow glencore into the public markets by saying that they did not require additional capital immediately but may go public within 2 3 years particularly if that allowed them to purchase assets that they could not otherwise afford . 16 references edit financial highlights reuters last section http www.reuters.com article 2013 09 10 ironore trading idusl4n0gz0wu20130910 reuters second paragraph http www.reuters.com article 2013 06 18 traders commodities idusl5n0eu0zu20130618 kent sarah ; chaudhuri saabira 2014 10 03 . j.p. morgan completes sale of some commodities operations to mercuria . wall street journal . http www.mercuria.com mop site media news releases.php id 92 & mode top ten global oil and commodities traders . the daily telegraph . london . 2011 04 15 . j & s group http www.jandsgroup.com main en.html http www.metalbulletin.com article 2753880 louis dreyfus metal traders investment managers will join mercuria energy.html topix http www.topix.com cy larnaca 2007 09 mercuria hires three traders from electrabel to set up a gas power desk bloomberg http www.bloomberg.com news 2014 04 24 mercuria revenue growth tops rivals before jpmorgan deal.html navitas energy http www.navitasenergy.com http www.vestaterminals.com http eur lex.europa.eu lexuriserv lexuriserv.do uri oj c 2013 037 0035 0035 en pdf ceoworld magazine http ceoworld.biz opinion mercuria energy group ltd buys mgm international from morgan stanley http www.businessweek.com news 2011 05 03 mercuria energy lenders market 1 25 billion credit line.html johnson christopher 2010 05 27 . mercuria says could consider ipo in 2 3 years . reuters . external links edit mercuria energy website retrieved from https en.wikipedia.org w index.php title mercuria energy group & oldid 711654810 categories oil and gas companies of switzerlandoil traders navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch fran ais t rk e edit links this page was last modified on 24 march 2016 at 02 56 . text is available under the creative commons attribution sharealike license ; 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