Vitol Group, the world’s largest independent oil trader, plans to spend half of its $2-billion capital expenditure on renewables, the group’s chief executive Russel Hardy said at the Energy Intelligence Forum in London on Tuesday. “We've got a fair amount of capex going into the renewables and power business.
Half of the company's capex, which is $2 bln so about $1 bln, is going into renewable business,” Hardy said at the event, as carried by Reuters. Commenting on oil demand and oil prices at the forum, Hardy said that…World’s Top Oil Trader To Spend Half Of Its $2-Billion Capex On Renewables
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