Mercuria CSR Report 2020 - Flipbook - Page 84
| ADVANCING BUSINESS RESPONSIBLY
ADVANCING BUSINESS RESPONSIBLY
Mercuria is committed to advancing business responsibly and open to working with all stakeholders who are
similarly supportive of moving the commodity trading industry forward and advancing business responsibly
in an effective way. Below are some illustrative examples of how Mercuria is taking positive action to promote
transparency in the industry and initiatives that are enablers for social and technological development for the
industry and its stakeholders. These will the benefit the participants in the supply chains in which Mercuria is part
and the communities in which it operates.
TRANSPARENCY
Mercuria supports the EITI’s standards and the principles of transparency and accountability throughout the
extractive industries. As part of this work Mercuria is disclosing payments to National Oil Companies (“NOCs”) and
State-owned enterprises (“SOEs”) that are from EITI implementing countries. Governments of EITI countries must
hold a controlling stake (more than 50%) in the respective SOE or NOC. We are disclosing in this report the relevant
information on transactions involving not only oil and gas but also metals and minerals.
Mercuria’s is committed to providing greater transparency of it payments to governments globally and future
disclosures will continue to develop and provide more detailed reporting for EITI countries and Non-EITI countries
where possible.
AGGREGATE PAYMENTS MADE TO EITI COUNTRY NOC AND SOES
Name of Country of Seller
of Government Share of
Production
Name of Counterparty SOE
or seller of the state share of
production
Buying Entity
Product Type
Amounts paid*
(USD)
Nigeria
Nigerian National Petroleum
Corporation
Mercuria Energy
Trading SA
Crude/ Refined
Products
1,798,213
Mexico
PMI Trading Ltd
Mercuria Energy
Trading SA
Crude/ Refined
Products
63,114,658
Republic of the Congo
SNPC
Mercuria Energy
Trading SA
Crude/ Refined
Products
177,154,339
Mauritania
SNIM
Mercuria Energy
Trading SA
Metals/Minerals
10,630,050
*all payment amounts are gross, were made during 2020 and do not include taxes and license fees made to governments.
SWAP SALES WITH EITI COUNTRIES WITH NOC AND SOES
84
Name of Country of Seller
of Government Share of
Production
Name of Counterparty SOE
or seller of the state share
of production
Mercuria Entityt
Swap products
Nigeria
Nigerian National Petroleum
Corporation
Mercuria Energy Trading
SA
Crude for Petroleum
products
Payment Equivalent
(USD)
403,924,106
