Trafigura’s ‘bitterly disappointing’ $1.1 billion loss in Mongolia raises questions about internal controls

Quick Summary:

On any given day, it handles enough oil to supply the entire needs of France three times over.

Trafigura Group is a giant of commodity trading.

Its global reach stretches from US crude oil export infrastructure to fuel stations in more than 20 countries across Africa, Asia and Latin America.

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Article Details

Author / Journalist: Jack Farchy, Alfred Cang, Archie Hunter, Terrence Edwards & Priscila Azevedo Rocha | Bloomberg

Category: BusinessStartups

Markets: PhilippinesChinaFranceLuxembourgMongoliaNepalSingapore

Topics: Company Employees Business Trafigura’s Been Company’s Trafigura People Matter Mongolia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 16:01:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1796 words

Reading Time: 10 minutes read

Sentences: 70 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23481291

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About Business Mirror

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Official Website: businessmirror.com.ph

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Coverage Areas: Philippines

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