September 2007

Mabanaft Founds New Trading Company: Mabanaft East Europe

Mabanaft East Europe, based in Hamburg, is established to capitalize on trading opportunities in Eastern Europe, particularly in the former Soviet Union, and in doing so benefit from the long years of experience gained within the Mabanaft organization. The focus is on developing new lines of business in the Eastern European and CIS countries, and on integrating the trading activities in Russia and Turkey. The Mabanaft East Europe trading team collaborates closely with the subsidiaries in Moscow, Chisinau, and Istanbul, and its export business is transacted in close consultation with the Mabanaft B.V. team in Rotterdam.