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The Company

Established in 2012, Petroforce is a Swiss-based company with a history of trading in various commodities, including crude oil, petroleum products, coal, steel, and non-ferrous metals & ores.

Since 2013, its primary trading activities had revolved around crude oil and petroleum products, which continued to account for nearly 60% of the company’s turnover in 2019.

In 2023, the Company was acquired by Ekanite, Geneva.

The Company formally specialized in originating, structuring, trading, marketing, transporting and financing of the commodities through it’s three desks: Energy, Metals, and Coal.
In 2023, the Company was acquired by Ekanite, Geneva and is currently undergoing a transition under the new management. This acquisition marked the beginning of a strategic restructuring process, capitalizing on existing strengths and assets of the Company.
Under the new management, there is a vision to expand procurement across multiple regions, including the Middle East, Africa, Asia, Europe, and South America, with the aim of serving trading partners in Europe, China, India, and South-East Asia. This strategic evolution positions the Company for a promising future in the global commodity trading landscape.

Milestones

2012-13

Turnover: USD 100mn

Established Petroforce to operate crude oil contracts.

2014

Began trading of oil products around the Caspian Sea.

2015
Initiated iron ore trading and diversification of oil products
2016

Creation of the Metal desk and beginning of Agricultural commodities trading.

2017

Turnover: USD 1 Billion
  • 16 million barrels of crude oil traded, further expansion and growth of the crude oil and oil products trading activity in Africa.
  • Launch of the Cocoa Desk:Turnover of USD 80mn
  • Development of Steel trading:Turnover of USD 100mn
  • Beginning of non-ferrous flows from Africa.
2018
  • Doubling of Cocoa revenues, 55 KT traded.
  • Doubling of Metals revenues. Decrease of dependance on crude oil trading.
2019
  • First Nigerian crude oil cargoes traded.
  • Development of copper cathodes trading.
  • Increase of cocoa activity - 70 KT traded; Hiving off the Cocoa trading Desk into a separate entity – Agroforce Commodities SA.
2023
  • Company changes ownership and Ekanite, Geneva acquires Petroforce.
  • The new leadership, backed by their robust connections in the Middle East, S.E. Asia and Africa, is determined to revitalize and counter the operational setbacks caused by the impact of Covid.
  • The promoter is also committed to injecting additional capital into the company, ensuring a seamless restart of the operations, and the gradual expansion of all three trading desks.
2024

ISCC Biofuel Certification

Global Footprint