Aegis Commodities is a special purpose vehicle created to make markets in the physical supply, trading and distribution of crude oil.
Headquartered in the United Kingdom, with trading operations in Geneva, Switzerland, the company was formally established in 2016 by a group of U.S. and European Bankers and others, and appointed Robert Shields (founder member), a U.S. citizen educated at the University of Illinois (Urbana) and Peter N Jeffrey (founder member), a U.K. national educated at the University of London & London Southbank University as co-CEO. In 2019, Peter Jeffrey was appointed as the substantive CEO of Aegis Commodities Group by the board.
Our team includes professionals with decades of experience in both the upstream and downstream areas of the oil & gas industry and business relationships built over years.
Our senior management team takes a hands-on role in monitoring and scrutinising sustainability across the Group.
Environment
Environmental commitment and pollution prevention are a fundamental part of our business philosophy. We continuously assess the impact of our operations on the environment and ensure compliance with all laws and regulations regarding the environment.
Health
It is our policy to provide and maintain a safe work environment. Employees and other authorised personnel whose duties involve occupational hazards undergo safe operating procedure and random drills to ensure compliance.
Safety
Safety in the workplace is an integral part of the company′s operating philosophy. The Terminals have been designed to operate in accordance with optimum safety standards in the petroleum industry for the prevention and control of fire and explosion.
Aegis Commodities’ principal trading counterparties are refineries in the European region to which we deliver product on a CIF basis. Mr. Shields began his oil & gas career with DK Energy, a U.K.-based oil trader who traded in Nigerian-origin OPEC crude oil, selling to Vitol, Trafigura and Mercuria with trade finance supplied by Morgan Stanley. Mr. Jeffrey has been an Oil Trader for eight years, a path upon which he embarked after a career in the U.K. Border Protection Force. Mr. Jeffrey, in 2019 was appointed the substantive CEO of Aegis Commodities Group by the board.
The company has representation in London, England; Lagos, Nigeria; Budapest, Hungary, Houston, Texas, and Geneva, Switzerland.
Aegis Commodities works with well-established refineries and bulk sellers with direct access to products at competitive prices, supplied according to performance bond-backed procedures. Our physical resource trading business is built upon long-term contractual relationships rather than discrete, ‘spot’ transactions.
The high-quality services provided by our physical crude oil trading business are dependent on discovering and working with the best suppliers to provide our refinery partners with the best product from the most reliable suppliers.
Aegis Commodities works with reliable suppliers of quality petroleum products and is currently focused on the Nigerian crude oil market, sourcing light crude oil used primarily by refineries to blend with heavier, “sour” crude oils before refining.
Our team on the ground identifies well-qualified and highly motivated suppliers and selects those best-suited through a comprehensive, quality assured search processes designed to ensure that we work with the most capable and well-vetted suppliers on a variety of light crude oil products.
The crude oil we source includes: Agbami Light, Aqua Light, Bonny Light, Brass River, Escravos, Forcados and Pennington.
Our ability to provide products that refinery buyers want, demands that we not only work with the most reliable suppliers but necessitates that all other service professionals on the banking, financial services and administrative sides are also of the highest quality.