Is Oil Game not satisfying US Banking?

[Alexmorgan]

Im involving in Oil game which for sure will be dealing with huge amount of cash daily

Does this gonna make the US banks see it as a risk business so it may play a role in application rejection?

 

[JohnnyDoe]

What is oil game?

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[Alexmorgan]

Oil Production, refining, extraction, exploration

 

[JohnnyDoe]

Are you a middleman or do you own operations?

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[Alexmorgan]

I own an operation im one of the owners

 

[JohnnyDoe]

Can we discuss delivery of EN590 and Jet A1 to China?

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[Alexmorgan]

We are on progress we will go live within a year max so all‍ the products including EN590 ,Jet A1 and the rest of light weight crude oil products⁠ will be starting distribution with 1 year

Are the US banks gonna be a problem⁤ on that specially Mercury?

 

[TheCryptoAnt]

come on lmao

Get a decent bank for this operation, not some EMI‌

 

[Alexmorgan]

Until i go to US i need to know if its gonna‍ work with Mercury for a while and if its risky in general because if its⁠ risky with Mercury then its risky with all US banks even the decent one

 

[TheCryptoAnt]

The opposite my friend, most EMIs have restricted industries that they just can't deal⁤ with however most banks dont.

Depending on your size, JPM will work with you, BOA⁣ is also an option.

Check the 'restricted industries' for Mercury, or send them an email.⁢

 

[JohnnyDoe]

Alexmorgan said:
We are on progress we will go live within a year max so all the products including EN590 ,Jet A1 and the rest of light weight crude oil products will be starting distribution with 1 year
Click to expand...

Do you mean you are still drilling? Or do you have crude and are building a refinery?

Alexmorgan said:
Are the US banks gonna be a problem on that specially Mercury?
Click to expand...

How many barrels/tons per day are you going to trade? What is your business model?
If your business is kosher and not involved with sanctioned countries, Mercury should accept you. But you need a full service bank (BMO is good), with trade credit facilities, easy access to derivatives for hedging (you know that oil price fluctuates quite a lot?) etc.

If anyone has direct contacts with refineries in Russia or UAE please DM me for business.

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[Alexmorgan]

Its Refinery project and we getting the crude‍ from Aramco Saudi Arabia

300k barrels per day capacity it⁤ will be the biggest in middle east

The Banking system︁ we will use for the oil company is from the same country a real bank︂ but the dividend will be going to my US company to mercury account temporary until︃ i go to US and open a real account with BOA with taking in mind︄ the headache of going there a lot to solve the problems that they will cause︅

JPM have suspended one of my partners account when they start︉ moving 11 Billion from his company account with Deutsche Bank in EU while it have︊ a legit source of fund letter issued by the bank as it came from their︋ business in EU

I wont ever go with JPM even if they offered 100% interest︌ rate yields