Is Oil Game not satisfying US Banking?
- Thread starter Alexmorgan
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What is oil game?
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Are you a middleman or do you own operations?
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Can we discuss delivery of EN590 and Jet A1 to China?
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
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?
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
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.
Do you mean you are still drilling? Or do you have crude and are building a refinery?
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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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
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 system we will use for the oil company is from the same country a real bank but the dividend will be going to my US company to mercury account temporary until i go to US and open a real account with BOA with taking in mind the headache of going there a lot to solve the problems that they will cause
JPM have suspended one of my partners account when they start moving 11 Billion from his company account with Deutsche Bank in EU while it have a legit source of fund letter issued by the bank as it came from their business in EU
I wont ever go with JPM even if they offered 100% interest rate yields
Last edited: Feb 18, 2024
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