We launched a commodities business in Lebanon in 1937, starting out as a grain and asphalt trading company. In 1963, we entered the Lebanese oil industry. At first, we were primarily involved in the local marketing of oil products and the importation of bitumen. However, six years later in 1969, we began trading oil in the Mediterranean, Red Sea and Arabian Gulf.
After cementing our position as an industry pioneer in the Mediterranean through strong links with the Middle East, we entered the Black Sea, European, Asian and US markets. Today our trading activities span across the five continents internationally.
We have grown to employ a group of 250 employees and are capitalising on our hard-earned expertise and long-standing commercial relationships by entering new markets and expanding business lines.
1937 – The Group began its commodities business trading in grain and asphalt
1963 – The Group enters the Lebanese oil industry
1969 – Began trading oil in the Mediterranean, Red Sea and Arabian Gulf
1972 – Achieves its first $US one million turnover
1974 – Acquires terminal and distribution company Mediterranean Petroleum Company (MPC)
1974 – The Group launches UK operations with office in London
1975 – Greek office opens
1981 – Singapore office opens
2004 – BB Energy opens an office in the UAE
2012 – Record traded volumes MT 11.2 million
2013 – The Group opens Afghanistan office
2014 – Kuala Lumpur office opens
2014 – Record traded volumes MT 17 million
2015 – The Group opens Turkey office
2016 – Houston office opens
2016 – Acquired Citypet in Turkey
2017 – Acquired Pioneer Terminal in Australia
2017 – Moscow Office Opens
2017 – Record traded volumes MT 20 million
2018 – Acquired Societe Petroliere Limited ("SP") in Rwanda