International crude oil and product prices are, by definition, volatile, so risk management becomes a key business factor. That is why the use of derivatives and futures instruments have become a crucial element.
“The development of the derivatives and futures markets has allowed to do things not possible previously, and each company to manage more easily the risks to be assumed.”
“The crisis in Europe means that less products and less crude are moved and that we are all looking, in terms of trading, towards Asia.”
Our short-term goal is to be more active in the US and Latin America, and then there is always Asia. Clearly, that is where the growth lies.