Who We Are
Pioneer Energy is an independent physical energy trader and distributor of Petroleum products and its derivatives. We source oil and refined oil products from different countries, have strategically-located infrastructure worldwide, and work with partners and customers across Europe, Middle East and Asia-Pacific regions. With our diversified network and strong industry expertise, we leverage to access, support and extensively trade in international Oil markets in collaboration with partners and customers across the regions.
With our strategic location in UAE, the one of world’s major business hub, we are well positioned to serve and meet the ever-increasing demand of physical commodities from our Customers across the region and capitalize on the potential business opportunities. At Pioneer Energy, every single trade goes through a structured and measured risk management process, enable us to effectively manage the risk inherent in commodities trading, has a fundamental role in Pioneer Energy’s sustained development and stability.
Our integrated regional network enables us to supply and deliver shipments of premium quality petroleum products on time with desired specs across the region. With our highly established network and infrastructure, we have access to broad range of products with blending capability to meet the specific standards of each country we supply and also gives us the adaptability to efficiently cope with the dynamic and volatile market situations.
Vision & Values
Vision
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- To become one of the world’s leading independent Energy trading houses, with an equal commitment to environment and community, by
- Maintaining long term relationships with our stakeholders and remains a preferred and trusted partner of choice.
- Focused and Innovative approach to evolve a sustainable business.
- Develop, enhance capabilities and nurture resources for performance optimization.
- Effective management of inherent market risk in Energy trading.
- To become one of the world’s leading independent Energy trading houses, with an equal commitment to environment and community, by
Core Values
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- Pioneer Energy’s success and growth is led by the following core values and principles, we proudly uphold:
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PEOPLE AND PASSION
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- Our people are, our most important asset and the key to our success. we respect one another, and consistently demonstrate honesty and commitment in our actions. Our people are driven by the enthusiasm and energy towards work and we strive to make difference every day with our stakeholders.
INNOVATION AND INTEGRITY
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- Developing and applying innovative technology is a key element of our success, by proactively responding to the changing needs of our stakeholders. We use every opportunity for our evolvement and continuous improvement. We strive to build trust with others and always remain trustworthy. We pride ourselves on being reliable and trusted by our stakeholders.
RESPONSIBILITY AND RELIABILITY
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- We take accountability and commitment in our actions. We deliver what we are expected off.
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We have high regards and respect for each other. We listen and encourage diverse perspectives and transparency. We enjoy and celebrate each other’s success and build upon our collective strengths.
TEAM WORK & TRANSPARENCY
SAFETY AND SUSTAINABILITY
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- Safety is the foundation of our operations, with a relentless approach for protecting the health and well-being of our people, our partners and the communities we work every day. With our strong commitment to Safety, we contribute to a sustainable business, Environment and Community.
Hedge & Risk Management
We effectively manage the risk inherent in energy trading, is fundamental to Pioneer Energy’s continued growth and stability.
Financial, operational and market risks are an integral element of energy trading and physical supply. We have sophisticated risk management systems, processes and controls in place. Risk policies are centrally determined, exposures are analyzed daily, and our policies and procedures are continuously reviewed and updated.
At Pioneer Energy, we use a range of risk management tools to minimize overall exposure at any single point in time, to address the following core elements in trading :
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- Hedge commodity price and foreign currency exchange rate risks
- Insurance to hedge various operational risks including freight-related and political risks
- Hedge environmental risks
- Hedge liquidity risk
- Hedge counterparty relationships, fraud and regulatory risks