Crude Oil

Sterco launched into oil trading in 2009 with its first purchase contract of Iranian Soueidie crude. Since then, Libyan, Iraqi, Egyptian, and Saudi crude have all followed. Our Suppliers team trades crude on term and spot basis in established, lucrative markets in the Arabian Gulf, the Red Sea and the Far East.

The bulk of Sterco activity is in sour grades, which are sourced against term supply contracts and offered to refineries against tenders or on direct sale, processing, or product buyback arrangements. Sterco will continue to take advantage of emerging opportunities and enhance relationships with our expanding