Trafigura oil discloses $4.3bn in government payouts

Trafigura disclosed $4.3bn (€3.98bn) in oil-related payments to governments in 2013, as part of increased transparency by the third-largest independent oil trader.

The firm said the funds were used to purchase crude oil, refined petroleum products, and gas from national oil companies in countries that have signed up to the Extractive Industries Transparency Initiative (EITI), or in candidate countries.

In its inaugural responsibility report, Transfigura revealed payments made in Colombia, Ghana, Nigeria, Norway, Peru, and Trinidad and Tobago.