Mercuria Energy Opens Nigerian Office

LONDON, January 30 /PRNewswire/ — Mercuria Energy Group, one of the
world’s five largest private oil and petroleum products traders, is opening
an office in Abuja, Nigeria on February 5th, 2009 a company spokesman has
announced.

Mercuria Energy, which has its main trading floor in Geneva, Switzerland
has been building both its sales of petroleum products in Nigeria, and
purchases of crude oil there, for several years now. “The company wants a
presence in the community, so that we can be closer to both our customers and
our suppliers” said the spokesman.

The office is expected to play a role in optimizing the logistics of
shipping imports and exports along the West African coast. The company also
has plans to invest in Nigeria, both in upstream and downstream activities.

Mercuria Energy Group Ltd is an international group of companies active
over a wide spectrum of global energy markets, including crude oil and
refined products, petrochemical products, natural gas, power, vegetable oils,
and carbon emissions. Global turnover in 2008 was $45 billion.

SOURCE Mercuria Energy Group Ltd