The Prax Group is a British multinational independent oil refining, trading, storage, distribution and retail conglomerate dealing in crude oil, petroleum products and bio-fuels, headquartered in London. Our ability to deliver innovative customer solutions across the world has secured our reputation as a leading presence in the global oil market. Our mission is to conduct business responsibly, placing excellence, integrity and philanthropy at the heart of everything we do.
Our success has been achieved through our entrepreneurial spirit, dynamic team and lean structure. We are driven, forward thinking and passionate about our products, with a perpetual quest for quality performance across the board.
Our Business
The Prax Group’s core business is refining, physical oil trading and logistics; its assets and investments complement and enhance these activities. The Group has 1,350 employees in 12 offices across 7 countries. The Group’s downstream marketing and distribution businesses carry the Harvest Energy brand. Its midstream and upstream businesses, including refining and blending, carry the Prax brand. The Group is collectively identified as the Prax Group.
SUPPORTED BY THE CORPORATE FUNCTIONS; FINANCE, HUMAN RESOURCES (HR) & INFORMATION TECHNOLOGY (IT)
The Prax Group is one of the world’s largest traders of petroleum products with a global presence and comprehensive coverage of all major markets.
Our highly experienced risk management team continues to use derivatives to minimise our exposure to market movements and also offers this service to customers.
We are driven by the needs of our customers around the world, utilising our global capabilities across our integrated midstream and downstream energy businesses.
Where we Operate
London, United Kingdom – Prax Group Headquarters & Trading Office for Europe & Africa, Lincolnshire, United Kingdom – Prax Lindsey Oil Refinery
Houston, Texas – Trading office for the Americas
Singapore – Trading office for Middle East & Asia.
Albania
Holland
India
Kazakhstan
Nigeria
Saudi Arabia
Sri Lanka
Antwerp
China
The Group’s Worldwide Offices
The Group’s headquarters are located in London, United Kingdom. It also has an office in the outskirts of London situated in Weybridge, Surrey. The Group has established trading offices in Singapore and Houston. It also has branch offices in Albania, Belgium, China, Holland, India, Kazakhstan, Nigeria, Saudi Arabia and Sri Lanka.
1350
Employees
12
Global Offices
850
Global Storage Capacity
We are committed to ensuring the health and safety of all our employees and stakeholders, and minimising our impact on the environment.
Our aim is to provide the highest standards in our products and services, and we manage our activities to minimise, wherever practicable, their effect on the environment.
We actively promote a culture of generosity and support causes that are close to our heart – in particular, the Prax charitable Foundation, Roots.
Latest News
The Prax Group has appointed Maarten van Wesemael as Managing Director – Middle East & Asia. Maarten will be responsible for the Group’s…
More
The Prax Group has announced the successful closing of a new privately placed c.US$300 million (equivalent) Term Loan Facility (the "Facility"). The Facility…
More
The Prax Group has announced the successful signing of a new two-year $350 million dollar inventory financing facility with Freepoint Commodities. This will…
More