Introduction

Trading & Shipping focuses on serving the Group by:

  • selling and marketing the Group’s crude oil production;
  • providing a supply of crude oil for the Group’s refineries;
  • importing and exporting the appropriate petroleum and refined products for the Group’s refineries to be able to adjust their production to the needs of local markets;
  • chartering appropriate ships for these activities; and
  • undertaking trading on various derivatives markets.

Trading & Shipping conducts its activities worldwide through various wholly-owned subsidiaries, including TOTSA Total Oil Trading S.A., Atlantic Trading & Marketing Inc., Total Trading Asia Pte, Total Trading and Marketing Canada L.P., Total European Trading, and Chartering & Shipping Services S.A.