Lawyers acting on behalf of Vitol SA (Vitol) have today written to Public Eye requiring a retraction of the inaccurate and defamatory statements regarding Vitol made by Public Eye in its publication “The ‘Paradise Papers’ Switzerland and Commodities” and the associated press release, which infringe Vitol’s rights under Swiss law.
Gerard Delsad, Managing Director of Vitol SA said: “Vitol is fully supportive of the important role many NGOs play in public life. Regrettably Public Eye’s use of unsubstantiated and inaccurate allegations falls short of the high standards most NGOs hold themselves to.”
Contrary to many of Public Eye’s assertions, the facts in relation to Vitol and recent allegations pertaining to the Paradise Papers are:
Vitol’s clients include national oil companies, multinationals, leading industrial and chemical companies and the world’s largest airlines. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including: circa 18mm3 of storage across six continents, 480kbpd of refining capacity and 5,000 service stations across Africa, Australia, Eurasia and in Northwest Europe. Revenues in 2016 were $152 billion.