ASCON GROUP

INTERNATIONAL OIL &
COMMODITIES TRADING
SINCE 1984

Our trading partners and clients include seven out of the top ten of the world’s largest oil and energy companies and many others that are among the most influential trading corporations worldwide which value and rely upon our services and experience.

“We are expanding and diversifying our business since 1984 in a balanced manner. From our roots in crude oil trading from Eastern Europe and the Middle East, we have grown our geographical reach to Asia, Africa and the Americas and have been diversifying our portfolio ever since into a range of commodities.”

Andreas SackChairman

WHO WE ARE

The Ascon Group is an international oil and commodities trading organization that has been serving the global physical markets for more than three decades, always paying due attention to the needs of our clients.

WHERE WE ARE

Our key focus areas are Eastern Europe, West- & Southern Africa, the Middle East as well as the Asian outlets. We are particularly concentrating on niche markets where we operate and cooperate with local companies.

WHAT WE DO

Ascon’s typical day to day operations entail the structuring and execution of various oil and commodity trade related transactions whilst our core business is the refined derivative product and coal trading.

SINCE 1984

Since inception in 1984 we have been expanding and diversifying our business in a balanced manner, from our roots in crude oil and refined product trading in Eastern Europe and the Middle East to Asia and Africa.

BUSINESS

ASCON was founded in December 1984 as a company incorporated under the laws of the Federal Republic of Germany and registered at the Municipal Court of Hamburg.

Since its inception, ASCON has been primarily engaged in the international trade of crude oil and its derivative products working with major companies in the oil industry like Caltex, Glencore, OMV, Voest Alpine, Shell, Exxon, BP, Texaco, Bayoil, Tamoil, Neste, PDVSA, Total, TPI Refinery, SAR Refinery, Sasol, SK Group, Sinosteel Corporation, Petrogulf and Batumi Refinery amongst others.

Throughout our history we have traded more than 200 Million Barrels of Crude Oil and have refined a significant part of this in processing agreements with affiliated refineries. Further, we have been marketing and trading the refined distillates and related products successfully since more than 30 years.

Over the years, we have also developed considerable experience and relevant regional market share in the exploration, sourcing, shipping and trading of petroleum coke, coal and various other commodities, always paying due attention to the logistics involved in the conveyance of the commodities that we are active in.

ASCON’s day to day activities therefore entail the structuring and execution of various commodity trade related transactions. Our key focus areas are Eastern Europe, West- & Southern Africa, the Middle East as well as the Asian outlets. We are particularly concentrating on niche markets where we operate and cooperate with local companies to fill the regional supply and demand gaps and in order to open new sources for our overseas clients.

As an independent, privately owned company, we off-take our products from small and major producers as well as state-owned companies, arrange the physical trading, storing as well as financing and supply them to our clients all over the world.

By virtue of our extensive industry relationships, we are able to offer our products and services from many corners of the globe. ASCON can make available spot, short and long-term contracts to meet the specific demands of our renowned clients on the international markets.

ASCON undertakes an ongoing rigorous appraisal of all aspects of its business practices and procedures to ensure that it maintains its exacting standards and delivers the highest levels of quality to all its trading partners.

https://www.youtube.com/watch?v=oebUw-DYA2c

COMING TOGETHER IS A BEGINNING. KEEPING TOGETHER IS PROGRESS. WORKING TOGETHER IS SUCCESS.

– Henry Ford –

ASCON INDONESIA

PT ASCON INDONESIA INTERNASIONAL (“PTAII”) is a Jakarta based company with affiliated trading arms in Singapore (Ascon Asia Pte. Ltd.) and Hong Kong (Ascon Energy Ltd.). It is mainly focused on the energy business with a particular interest and experience in Indonesian coal trading. PTAII is operating under its own local Indonesian and export trade licenses issued by the Indonesian Investment Coordinating Board, an official Governmental entity.

PTAII was founded in the end of 2015 to consolidate the already existing group coal and oil business and to serve the local markets as well as to supply to the international mining, shipping and industrial markets (including the power, steel, cement and paper industries) beyond and including SE Asia. While owning various mining assets, our company has also entered into term supply agreements with third-party coal mines to fulfil our clients’ needs. Since 2015 the trading volumes of our domestic customer base of coal have therefore sharply increased and with the access to greater supply origination and an interest in demand from beyond SE Asia, we have grown into an international coal trading group company with dedicated and experienced management.

On a daily basis we have numerous coal-laden barges on the water which are shipped to our buyer’s designated discharge locations: Either local ports, export ports, stockpiles or mother-vessels, always meeting the requirements of our clients in time while ensuring the quality and quantity which we have previously agreed upon.

PTAII is a young dynamic company who continues to extend the supply base to meet local and international demand for Indonesian coal and fuel products.

COMPLIANCE

It is a general approach of ASCON to permanently create and maintain projects with the highest possible standards. We believe in a business approach with a long-term outlook. We work to understand and manage the sensitivities of the environments in which we operate, and our responsibilities to them, from beginning to end of our operations.

Our operating management system lays out the steps and safeguards we believe are necessary to maintain responsible operations, helping our businesses to understand and minimize their impacts, whether to land, air, water, flora or wildlife. We also have specific group requirements and recommendations governing our identification and management of potential impacts of projects that carry particular environmental and social risks; these apply to major new projects, projects in new access locations, some acquisitions negotiations, and those that could affect an international protected area.

We strives to make our socio-economic impact a positive one by running our operations responsibly and by investing in communities in ways that benefit both local populations and ASCON.

ASCON adheres to the highest levels of integrity in fulfilling ist contractual obligations, the result of which is reflected in some of the credit arrangements that we have secured with globally recognised companies and organisations.

ASCON fully complies with all financial and energy regulations under which our business operates. Our company also complies with all regulations and financial codes of ethics: market manipulation, money laundering, duties of information and code of conduct.

NEWS

August 6, 2019

ASCON @ 2019 COAL INDUSTRY DAY

2019 Coal Industry Day For Producers, Traders, Investors & Users Wednesday 24 July 2019 The Country Club Johannesburg, Auckland Park Ascon Energy Pty. Ltd. was…
April 7, 2019

ASCON SIGNS TRANSNAMIB AGREEMENT

National rail operator, TransNamib and Ascon Energy (Pty) Ltd., an Ascon Group company, signed a Rail Transport Agreement mid March 2019, for the transportation of…
February 13, 2019

ASCON @ IHS MARKIT CONFERENCE

Cape Town (Feb 2019) - Ascon joined this year's IHS Markit 14th Annual Southern African Coal Conference. Ascon's Southern Africa Trade Director Nate Macmillan was one…

PARTNERS

Brahms Oil Refineries Ltd. is the result of its Founder’s vision who realized the market opportunities created by the lack of refining capacity in Africa. Combined with Africa’s strong desire to develop an industrial base and strategic reserves within each country, Brahms Oil Refineries Ltd. was thus founded to erect modular crude oil refineries in selected Sub-Saharan countries.

Société de Raffinage Guinéenne S.A. or SRG S.A. has been set up as the local operational company for Brahms Oil Refineries Ltd. to build a 12,000 bpd modular crude oil refinery plant in the Republic of Guinea on the basis of a full-fledged techno-economic feasibility study. The company is registered in Guinea since December 2011 under registration number RCCM/GC-KAL/037.767A/2011.

Offices and/or joint operations

Hamburg: ASCON TIMPET GmbH

Witternstrasse 20 21107 Hamburg Germany E-Mail: contact@ascongroup.de Telephone: +49 40 357 494 0 Telefax: +49 40 357 494 20

Geneva: ASCON TIMPET GmbH

c/o Brahms Group SA. 7, Rue de Battoirs 1205 Geneva Switzerland geneva@ascongroup.de Telephone: +41 22 328 1702 Telefax: +41 22 328 1703

Dubai: ASCON TIMPET FZE

c/o Rafoil Industries LLC. Plot No A17(B), Al Jazeera Al Hamra Ras Al Khaimah, UAE E-Mail: dubai@ascongroup.de Telefone: +971 7243 2999 Telefax: +971 7243 2900

Johannesburg: ASCON ENERGY PTY. LTD.

Plot 36 Waterval Estates Vereeniging Road, Randvaal 1451 Johannesburg, South Africa johannesburg@ascongroup.de

Singapore: ASCON ASIA PTE. LTD.

C/O 20 Peck Seah Street #05-00 Singapore 079312 singapore@ascongroup.de

Jakarta: PT ASCON INDONESIA INT.

18 Office Park Lantai 22 Suite E,F,G Jalan TB Simatupang 18 Jakarta Selatan 12520 Indonesia jakarta@ascongroup.de Telefon: +62 (0)21 80641940 & +62 (0)21 21282211 Telefax: +62 (0)21 80641999

Chile: Ascon Chile SpA.

Los Militares 5953 Office 504 Las Condes #7561282 Santiago de Chile

Hamburg Head Office:

ASCON TIMPET GmbH
ASCON TRADING GmbH
Witternstrasse 20
21107 Hamburg
Germany

Call us directly

+49 40 357 494 0

FAX

+49 40 357 494 20

Contact email

contact@ascongroup.de