Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News Obituaries

Ian Taylor, Vitol’s Oil Trade Veteran, dies at 64

Lawretta Egba by Lawretta Egba
June 10, 2020
in Obituaries
Ian Taylor, Vitol’s Oil Trade Veteran, dies at 64

Ian Taylor

Share on FacebookShare on TwitterShare on Linkedin

Ian Taylor, the man who transformed Vitol into the world’s biggest oil trader, has died from pneumonia at the age of 64, after beating cancer and stroke just last year. His death was announced by the company on Tuesday.

A risk-taker and revolutionary in the oil industry, Ian Taylor had built Vitol from the ground up into becoming the world’s biggest oil trader. During his active years before stepping down as Vitol CEO in 2018, he had gone from providing billions of dollars to Kazakhstan to flying to Libya during the 2011 uprising against Muammar Gaddafi, and even trading Iranian fuel oil in 2012, despite U.S. sanctions.

He became the CEO of Vitol in 1995 and supplied the opposition in Benghazi with vital fuel in exchange for crude oil cargoes. The Oxford University graduate was also a Conservative party donor who turned down the offer of a knighthood from former British Prime Minister David Cameron. Taylor became one of Britain’s richest businessmen and in 2007 and served as chairman of the Royal Opera House until 2019.

RelatedPosts

Diesel: Nigeria to face more difficulties as global commodity traders warn of shortages

Dangote dismisses rumours of talks with world’s top oil traders

“Ian was a formidable figure in the modern commodities trading industry, and central to the establishment of Vitol as a successful company,” Trafigura CEO, Jeremy Weir, said. The oil veteran who turned the once modest Dutch fuel dealer into a global trading operation had told The Times last year about his bouts with throat cancer in his late fifties, stating his desire to donate funds to develop the proton beam therapy machine that had saved his life.

READ MORE: Zilliqa, the fast-rising cryptocurrency that has gained more than 845% since March

News continues after this ad


Vitol and Glencore’s CEO, Ivan Glasenberg, explained that “During Taylor’s time in charge, he was one of the last of the pioneers that helped transform the oil trading industry.” Just last year, the firm had traded around 8 million barrels of oil per day.

In a statement, his successor, Russell Hardy, described him as “exceptional.” He also noted that Taylor combined energy and a determination to succeed with humility, humour, and humanity.”

News continues after this ad


“We owe him a great deal,” Hardy added.

 

Related

Tags: Ian TaylorVitol

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Ponzi scheme: Remembering Racksterli by Michael Chidiebere Oti who defrauded Nigerians
    • Naira hits N431/$1 at the official forex market
    • Top 10 Internet Service Providers in Nigeria by customer number as of Q1 2022

    Follow us on social media:

    Recent News

    Ponzi scheme: Remembering Racksterli by Michael Chidiebere Oti who defrauded Nigerians

    Ponzi scheme: Remembering Racksterli by Michael Chidiebere Oti who defrauded Nigerians

    July 7, 2022
    Naira falls sharply across forex markets despite 32% increase in dollar supply

    Naira hits N431/$1 at the official forex market

    July 7, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com