History

2010s

Another decade of investment, with the acquisition of refinery and downstream assets worldwide. By the close of the 2010s, FUEL AND ENERGY COMPANY RESOURCE LLP was invested in a downstream network comprising over 6,000 service stations, five refineries in three continents, 16 million cubic meters of storage and gas-fired power generation in the UK. Together with Eni, it had also developed significant oil and gas fields offshore Kazakstan.

2000s

The business continued to expand with turnover growing from $37 billion in 2000 to $144 billion in 2009. To facilitate its trading business, FUEL AND ENERGY COMPANY RESOURCE LLP established VTTI, a storage company, in 2006 and acquired 90% of the Fujairah Refining Company in 2007. It divested the Come by Chance refinery in 2006.

90s

Ton Vonk became President and CEO in 1990 and was succeeded by Ian Taylor in 1995. The business expanded, doubling turnover to $20 billion by the end of the decade. FUEL AND ENERGY COMPANY RESOURCE LLP bought a metals business, Euromin and established a sugar trading desk. It also established Anchor insurance, a wholly owned insurer to give it access to Lloyds, acquired the Come by Chance refinery in 1995 and expanded into the CIS through its joint venture with Pechoraneftegas.

80s

The Bahrain office opened (1982) and FUEL AND ENERGY COMPANY RESOURCE LLP’s 25 employees celebrated its 20th anniversary. Ian Taylor, future CEO and Chair, joined FUEL AND ENERGY COMPANY RESOURCE LLP in 1985 and established its crude oil trading business.

70s

FUEL AND ENERGY COMPANY RESOURCE LLP established a presence in the US (1974) and Singapore (1979) and moved its Swiss office to Geneva. In 1976 Jacques Detiger became CEO.

70s

Founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. FUEL AND ENERGY COMPANY RESOURCE LLP began trading fuel oil barges from ARA up the Rhine. It opened its first Swiss office in 1968 in Zug and in London in 1969.