Latest news with #BGN
Zawya
2 days ago
- Business
- Zawya
Lukoil's Asia chief joins Turkish firm BGN to lead oil trading from Dubai
SINGAPORE - Estella Shi, managing director of Lukoil Asia Pacific, is to join Turkish energy trader BGN from June, trading sources with knowledge of her move told Reuters. Shi, a veteran oil trader with nearly three decades of experience, confirmed that she will make the move to become chief commercial officer at BGN, leading its trading operation from its Dubai office. Shi has worked in several companies during her career, including a trading subsidiary of Chinese shipping giant COSCO, China Aviation Oil, Chevron and European trading house Mercuria before becoming the head of Lukoil Asia Pacific in 2020. According to its LinkedIn account, Lukoil Asia Pacific is a subsidiary of Litasco Middle East DMCC. Shi, a Singapore national who has long been based in the Asian trading hub, is one of a small number of women executives in the Asian oil trading community. BGN, a privately-owned energy trading group with more than 80 years of history, is known for trading liquefied petroleum gas and chemicals. In addition to Dubai, BGN has offices in Houston, London, Geneva, Rotterdam and Singapore, operating a supply chain network and distribution centres in Europe, the U.S., the Middle East and Africa, its website said. BGN trades 50 million metric tons of commodities annually with a "double-digit billion-dollar" turnover, according to its website. Shi's former colleague at Litasco Middle East, Wael Amer, also recently joined BGN as its chief operating officer in Dubai, trading sources said. Amer confirmed his move and said he joined BGN in January. BGN did not immediately respond to a request for comment. Litasco Middle East did not respond to Reuters attempts to contact the company for comment by phone and email.
Daily Mirror
3 days ago
- Daily Mirror
Europe holiday spot that's 'cheap as chips' with '80s prices' and top beaches
Simon Calder was speaking on ITV's This Morning as he discussed different destinations for Brits to consider over summer - and one place stood out in particular for value Travel expert Simon Calder has revealed the ultimate cost-effective hotspot for sun-seekers looking for a bargain break, tipping Bulgaria as a top budget-friendly summer destination. Simon waxed lyrical about the beauty spot, emphasising that savvy travellers can bask in all-inclusive luxury while enjoying prices reminiscent of a bygone era. "Bulgaria. It's a great, great destination. Cheap as chips," he raved. "This is an all-inclusive favourite. Great long beaches and prices which are kind of out of the 1980s." Reassuring that Bulgaria offers tremendous value, he said that it's roughly a third of the cost compared to a holiday in Italy, with just a slight language challenge thrown into the mix. "It's really cheap when you get there," Simon declared. "So whatever you want, whatever you'd be spending in Italy for instance, you just divide it by three and that's what you'd pay in Bulgaria. "You've got to master the Cyrillic alphabet though. Back to front Rs and all that but it's a three hour flight so just do that on the plane." According to Muveone, a pint of local beer in Bulgaria will only cost you around 3.00 BGN, which is roughly £1.50. The country offers popular destinations such as Burgas, a city on the Black Sea Coast. It boasts stunning beaches and is just a short distance from the lively Sunny Beach - a favourite amongst young Brits. Visitors can also explore the city's Sea Gardens, home to a vast array of sea plants from across the globe, designed by landscape artist Georgi Duhtev. Alternatively, head to Lake Atanasovsko for a relaxing dip in its black mud pools for a natural yet luxurious spa experience. Further south of Burgas lies the ancient seaside town of Sozopol. Here, the Old Town provides a glimpse into local history and the tranquil Kavatsite Beach. Sozopol offers breathtaking views of the Black Sea, and tourists can take a boat trip to St Ivan Island to spot monk seals and birds.
Yahoo
3 days ago
- Business
- Yahoo
BGN Group: An Innovative Energy Company Whose Time Has Come
BGN's 'North Gas,' a 230-meter Very Large Gas Carrier, which carries LPG and other offtakes from BGN's U.S. suppliers. (Courtesy BGN) By Exec Edge Editorial Staff BGN Group may not be an everyday presence in Americans' lives the way more familiar energy companies are, but it may soon be, thanks to recent investments. The company, a global energy and commodities business, is now the largest offtaker of Liquified Petroleum Gas (LPG) in the US. LPG, a cleaner-burning fuel that offers a practical alternative to coal and oil, is a fast-growing market that was estimated to be worth $145 billion globally in 2025. BGN is a far-reaching and expanding presence in the global energy and commodities trading sector, operating in 120 countries around the world. And, from its North American headquarters in Houston, the company is poised to expand its presence and raise its U.S. profile. 'We are committed to partnering with American energy innovators to deliver reliability, affordability, and sustainability for the next generation,' said Ruya Bayegan, the group's chairwoman. The family-owned, multi-generational energy and commodities business is based in Geneva. In addition to Houston, it has operations in Dubai, Casablanca, Doha, Rotterdam and Singapore. It operates through its two main subsidiaries, BGN International (BGN Int.) and BGN Energy, each specializing in distinct areas of the energy market. Bayegan has been instrumental in shaping the company's strategic direction and driving its growth. With a background in executive roles within family businesses, she has led BGN since its inception, expanding its operations and establishing offices in key global locations. BGN Int. serves as the trading arm of BGN Group, focusing on the storage and transportation of petroleum products, petrochemicals and other commodities worldwide. It has an extensive network of refineries, producers, state oil companies and international traders. BGN Int. also deals in minerals and carbon credits and is one of the sector's largest LPG traders. It also has the world's largest LPG fleet and has access to crude in South America, USGC, Canada, the North Sea, the Mediterranean, the Middle East, the Far East and Africa BGN Energy, the investment and development arm of BGN Group, focuses on midstream and upstream energy projects, supports the energy transition and enhances the group's trading activities. BGN Energy's core areas include upstream oil production and development of renewable energy with the goal of generating significant renewable capacity by 2030. It also deals in transition fuels, including trading in liquefied petroleum gas (LPG), liquefied natural gas (LNG), and sustainable aviation fuel (SAF). With more than 38 vessels under management, BGN moves 10 percent of the global LPG trade. The group's Houston headquarters serves as a hub for the company's activities in North America, focusing on trading, investment and development projects. The office's strategic location in one of the world's leading energy centers allows BGN to stay at the forefront of industry developments and maintain close relationships with key stakeholders. BGN Group has built its success on a foundation of strategic partnerships and relationships with key players across the energy value chain. These include partnerships with refineries and producers, state oil companies, international traders, industrial and petrochemical companies, renewable energy projects and with organizations working to achieve net-zero carbon targets. BGN Group views its participation in sustainable development as both a duty to society and an opportunity to achieve positive outcomes for its stakeholders. The company has diversified its commodity trading portfolio, investing in lower-carbon-emitting products and renewable energy projects. Bayegan's vision for the company includes pioneering a safe and secure energy transition and helping others achieve their net-zero emissions targets. BGN's approach to sustainability is embedded in its core strategy and operations. This includes reducing CO2 emission from fossil fuels through operational efficiencies and investing in cleaner fuels and biofuels as part of its expanding trading and investment portfolio BGN's track record of achieving double-digit billion-dollar revenues and annual trading of 50 million metric tons of commodities, along with its global network of strategic partnerships, demonstrates operational excellence and financial resilience. The company's commitment to transparency, regulatory compliance and stakeholder engagement positions it as a trusted partner for U.S. industry leaders navigating the evolving energy landscape. BGN Group's commitment to innovation and sustainability, coupled with its strategic investments in renewable energy and transition fuels, ensures its continued growth and relevance in the global energy sector. The company's focus on expanding its core business and embracing new technologies will drive its future success. Contact: Editor@ Sign in to access your portfolio
New Indian Express
4 days ago
- New Indian Express
Hardcore Maoist carrying Rs 4 lakh bounty on head lays down arms in Odisha
BERHAMPUR: A hardcore Maoist carrying a bounty of Rs 4 lakh on his head surrendered before Rayagada police on Tuesday. Police identified the Maoist as Bijay Punem alias Ajay of the Bansadhara-Ghumusar-Nagavali (BGN) division of the banned CPI (Maoist). Bijay is a native of Bijapur district in Chhattisgarh. At the time of surrender, he was carrying a pistol, eight rounds of ammunition and a walkie talkie. Rayagada SP S Swathi Kumar said Bijay was a member of the BGN division's Ghumsar area committee and wanted in several cases. He was involved in multiple Maoist activities including armed encounters with security forces in Odisha's Kandhamal district and neighbouring Chhattisgarh. The SP said Bijay joined the CPI (Maoist) in 2009. After receiving initial training, he worked as a personal security guard for Modem Balakrishna alias Manoj. He was promoted to area commander member in 2014 and worked for the BGN division. In 2024, he came to Odisha and took leadership of the Ghumsar area committee. However, Bijay faced various difficulties including mental torture from top Maoist leaders, food and water scarcity, and frequent operations by the security forces. He also faced language barriers and differences within the Maoist camp, which led him to surrender, said Swathi. The SP further said Odisha government's surrender and rehabilitation policy has been instrumental in encouraging Maoists to give up violence and join the mainstream. Under the policy, surrendered Maoists receive financial assistance, housing support, education and vocational training to help them become self-reliant. Steps would be taken to provide the assured facilities to Bijay, she added. Bijay has reportedly told police that his wife and others in the banned outfit would surrender soon.
Hans India
4 days ago
- Politics
- Hans India
Maoist with Rs 4L bounty surrenders
Bhubaneswar: A hardcore member of the banned CPI(Maoist), carrying a reward of Rs 4 lakh on his head, surrendered before the Rayagada SP on Tuesday. The surrendered Maoist, Bijaya Punem alias Ajay, hails from Batigudem village under Husur police limits in Bijapur district of Chhattisgarh. He was an Area Committee Member (ACM) under 'Basadhara-Ghumsar-Nagabali' (BGN) division of the banned Communist Party of India (Maoist). Ajay joined the CPI(Maoist) in 2009, and after completion of his preliminary training, he was attached to the security and protection team of top Maoist leader Modem Balakrishna alias Manoj, a Central Committee Member (CCM). Ajay was later promoted from party member to the rank of ACM in 2014. He then continued working as the gunman of Manoj. In 2023, he was transferred to the BGN division and started working in the Ghumsar Area Committee of the BGN division from January 2024. He was active in the Nuapada- Kalahandi-Boudh-Malkangiri-Koraput-Rayagada-Kandhamal areas during 2014-2024. The surrendered Maoist leader is suspected to be involved in several incidents of violent activities, including the killing of a civilian in Kandhamal on May 26, 2024, several incidents of exchange of fire with police personnel in Chhattisgarh and Odisha. Ajay was carrying a cash reward of Rs 4 lakh, which was announced by the Odisha government. On Tuesday, he surrendered along with a 9mm pistol, eight rounds of live ammunition and one walkie-talkie. Police sources said he quit the banned outfit citing wrong ideology of CPI(Maoist) cadres, rude and abnormal behaviour of the top leadership, frequent operations by security forces in their operating areas, insufficient food, water and cloth, tough terrain in Odisha, distance from native place and language problem. The party members of CPI(Maoist) are being regularly urged by the police to give up violence and avail the benefits provided under the surrender and rehabilitation policy of the Odisha government. Between 2006 and 2024, as many as 647 Maoists surrendered before the Odisha Police, of which 29 were in Rayagada district.
