Petraco was founded in 1972 in Milan, Italy, by Branko Srenger. It has since grown to gain a significant international presence as well as an excelling reputation in the oil industry. Over the many years of its existence, Petraco has developed a diverse, global customer base and an extensive network with strong long term relationships.
By using our in-house market intelligence, we have been able to anticipate market trends as well as maintain a liquid capital structure. We are hence always able to provide competitive solutions.
Petraco’s longstanding focus on trading has fostered the development of long term contracts and established relationships with numerous crude oil producing companies around the world. Among others, crude oil and products origins include Egypt, Iraq, and Italy.
We trade in excess of 350,000 barrels per day, and market our crude oil petroleum products, feedstocks blending stocks, and finished products worldwide. Our sourcing is also based on offtake agreements which we have in place with various refiners.
In the process, our traders, operators, risk management and finance teams provide creative solutions to overcome the logistical and financial barriers that may stand in the way of such transactions.