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Marubeni Petroleum Co., Ltd has been registered as a Non-Resident Member of the SPIMEX Derivatives Section. The company plans to trade in physically settled SPIMEX Urals Crude Futures (FOB Primorsk) and is interested in the launch of new exchange-traded contracts for Russian exported crude oil and refined products.
Marubeni Petroleum Co., Ltd., a wholly-owned subsidiary of Marubeni Corporation, mainly handles crude oil, petroleum products, LPG and LNG with function marketing, transporting, and storage.
Marubeni Corporation is a Tokyo-based integrated trading and investment business conglomerate. Marubeni Corporation and its consolidated subsidiaries do business activities in broad range of sectors including food, consumer products, chemical & forest products, energy & metals, power & plants projects, and transportation & industrial machinery. Additionally, Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above sectors.
Trading in the SPIMEX Urals Crude Futures was launched in November 2016. In 2018, the relevant volume of trades was equal to 1,648 contracts in the amount of RUB 6.84 bn.
