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Aramco’s Abqaiq Plants Win Global Business Continuity Award

Aramco’s Abqaiq Plants Win Global Business Continuity Award
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Aramco’s Abqaiq Plants Win Global Business Continuity Award

Aramco’s Abqaiq Plants Win Global Business Continuity Award

The Abqaiq Plants of Saudi Aramco have won the Global Award of the Business Continuity Awards 2020 presented by CIR.

Continuity Insurance and Risk (CIR) is based in London.

The award announced online this week reflects the quick resumption of production at the Abqaiq Plants following the terrorist attacks of September 14, 2019.

Saudi Arabia was able to resume production just days after the attacks following Aramco's move to keep its supply by using its reserves and increasing production in oil fields.

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TotalEnergies Reportedly Considers Foray Into Copper Trading

FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa
FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa
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TotalEnergies Reportedly Considers Foray Into Copper Trading

FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa
FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa

France's TotalEnergies is considering a move into trading copper, expanding its oil trading operations into metals to capitalize on the global energy transition, the Financial Times reported on Sunday.
The oil major has been "studying the case" for trading copper, Rahim Azouni, senior vice president of crude, fuel and derivatives trading, told a closed-door conference in London on Wednesday, the FT said.
Azouni said the company has not decided whether to make move, the newspaper said, citing people who had heard his remarks.
TotalEnergies did not immediately respond to Reuters request for comment.
The company would be following Vitol, the world's top energy trader, which this year diversified into metals trading.
The energy transition, which includes electric vehicles and renewable energy technologies, will need large volumes of metals including aluminium, copper, nickel cobalt - providing lucrative opportunities for traders.