From the beginning, our management team aimed at becoming a global energy and commodities company. Our culture is grounded in service, quality and efficiency. Thanks to a rigorous approach to risk management and compliance, Mercuria is now one of the largest privately owned businesses of its type in the world. Having begun with a focus on oil trading, our activities now encompass all key energy products and a wide range of dry bulk commodities. We have also grown the physical elements of our business and operate a significant portfolio of assets, including production, logistics and storage interests. The Mercuria network encompasses 38 offices in 27 countries and the Group employs more than 1000 people of 40 nationalities. We trade in more than 50 countries.