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VBN limited are not only a supplier of energy resources in the European energy market but are also negotiating the implementation of several investment projects in the field of modernizing the existing energy system and creating new enterprises in the energy industry. In order to create new incentives for economic growth, improve quality life of the population and improvement of the state of the ecological system.
In our activities in the European Region, we distinguish the following main client groups:
Oil and oil products
Clients are private and state companies importing oil and oil products. In the European energy market, VBN limited cooperates with leading oil refineries, large distributors and end users of petroleum products from the Mediterranean region of Europe.
Natural gas
In central and western Europe VBN limited cooperates in the field of natural gas supplies with large industrial companies and energy companies that use natural gas in their own production cycle.
The Middle East plays a significant role in the global energy market. It accounts for 31% of global oil production, 18% of gas production, 48% of proved oil reserves, and 40% of proved gas reserves. Despite a decrease in energy demand by 3.1% in 2020, the region continues to be a major player in the energy sector. The Middle East is expected to retain its share of hydrocarbon production in a market that may see reduced production in many other geographies. The region’s prospects for 2023 are mixed, with the Gulf Co-operation Council states expected to continue benefiting from international energy market developments.
In our activities in the Asian region, we identify the following main target markets:
India. According to world experts, demand growth in India will continue at an impressive pace for many years to come. In recent years, India has become the world's third largest oil importer. Also, the increase in gas imports to India is growing steadily along with the rapidly growing economy. Moreover, the future prospects are clear, India's demand for energy raw materials will grow rapidly.
China. China is the largest oil importer in Asia and worldwide. In recent years, there has been an active development of the oil refining industry in China, which stimulates the demand for oil and oil products. The Chinese government also plans to implement strategic programs to modernize the energy sector of the economy, which will significantly increase the Chinese economy's demand for natural gas.
Singapore and Malaysia. Singapore's strategic location at the entrance to the Strait of Malacca, through which about a third of the world's maritime trade flows annually. The port in Singapore is one of the busiest in the world. Due to the strategic location of Singapore and Malaysia at the crossroads of the trade routes of the Indian and Pacific Oceans, these countries have become an important centre for energy trade and processing in South Asia with a dynamic demand for energy resources.
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