About Oil Prom S.R.O
Oil Prom S.R.O ’s is one of the Central & Eastern Europe’s major mid-term crude oil sellers.
Oil Prom S.R.O’s has built up an extensive system for global oil trading from offices in Prague. Seaborne transportation of Oil Prom S.R.O’s crude, product and gas liquids volumes involves more than 18 voyages since 2017 and moves over 1 million tons of oil. In addition to conventional shipping operations, Oil Prom S.R.O’s utilities state-of-the-art shuttle tankers under contract from first-class owners.
All shipping activities in Oil Prom S.R.O’s are performed with a heavy focus on health, safety and environmental protection, and in accordance with the group’s ethical guidelines. Oil Prom S.R.O’s has an active program of vessel pre-inspection and approval, with such work being carried out on a regular basis worldwide. Chartering activities are carried out from the office in black sea port.
Oil Prom S.R.O trades in petroleum products, methanol, natural gas, power and emission allowances all over the world. We maintain a global presence to provide avoidable energy. Oil Prom S.R.O has introduced the principle of division of roles/responsibilities between the line management and procurement function in order to meet the requirement for good control. The line management is responsible for planning demand, allocating technical and operational expertise and approving suppliers recommended by the relevant procurement entity.
Only the procurement function is authorized to sign binding agreements with buyers on Oil Prom S.R.O’s behalf. The procurement function is responsible for proactive coordination, planning and execution of procurements on behalf of the line management.
Our role in concluding a sale can take one of two forms. When acting as the principal in the business we confirm the contract, take the credit risk, re-finance the project and invoice the buyer. When acting as agent, the supplier Invoice the buyer directly.
When acting as principals, we make a profit by including a small margin for ourselves between the sales price and the purchasing costs. When acting as agent we make a profit by way of a commission or fee from the supplier. The marketing service offered to the mill is, however, the same.