It says the new staff will enable it to open new offices in Korea, Greece, and Japan and add staff to its existing offices in Houston and Geneva.
With the addition of the extra staff, Mercuria said it will explore the development of a stand-alone subsidiary, Minerva.
“This is a natural expansion of our robust fuel oil trading infrastructure,” said Magid Shenouda, Mercuria’s group head of trading said in a statement.
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