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Posting Date: Dec 5, 2024
Location: Sandton
Company: Sasol
Sasol is a global integrated chemicals and energy company with a 70-year heritage. Through our talented people, we use our expertise and selected technologies to safely and sustainably source, manufacture and market chemical and energy products globally. When you join Team Sasol, you are joining a company that puts people at the center of everything we do.
Sasol invests in its employees along every stage of the career path and offers development opportunities to help you cultivate your career in a culture that embraces diversity and inclusion.
Job Req ID
6828
Closing Date
15 January 2025
OME
|
CML: Supply Chain |
Location
Sandton
Purpose of Job
Sasol Trading’s main business activity is the buying and selling of crude oil, petroleum products and fuel blending components. Other activities include shipping and risk management (hedging) operations. This position is accountable for some of the trading activities and is based in Johannesburg.
The Trader has an operational / tactical role and executes Sasol Energy’s crude oil, components, and petroleum product trading activities to meet supply and demand requirements. This includes physical crude oil procurement and potential swap outs, or the sale and procurement of components and refined products (gasoil, gasoline, jet, condensate, reformate, etc.) The incumbent must assist in the execution of trading price risk management strategies (derivatives), certain analytical functions for the group, the handling of reports and database management.
Understand, analyse, forecast and report on the oil and petroleum markets and be able to meet Sasol’s petroleum supply and demand requirements, at the lowest cost of ownership and investigate and recommend alternative sources of supply to optimise margins for Sasol Energy. The successful candidate must have an existing and recent crude oil and product trading track record and relationship base with international traders and National Oil
Key Accountabilities
1. Trading Game Plan and Execution
• Support the development and implementation of the medium- and long-term spot and term crude oil and clean product trading game plan. Trading game plans developed, presented, approved, and implemented. • Ensure regulatory compliance relating to trading and price risk matters in the different geographical regions. Regulatory framework developed and all activities comply. • Evaluate, recommend, and manage trading counterparts. Crude oil suppliers (NOC’s, IOC’s and independent traders). Product suppliers (NOC’s, IOC’s and independent traders). Product buyers (NOC’s, IOC’s, independent traders, and refineries). • Support the management and reporting on trading risk matters. Trading risk matrix and risk reporting developed, implemented, and updated. • Support the monthly (or more regular) process to generate the forward crude, product and freight pricing for the refinery linear program model. Latest oil price forecast communicated to Planning.
2. Commercial Trading
• Assist in the day-to-day activities of crude oil and refined products trading (including track and monitor regional market movements), accountable for making instant decisions on selling and buying to meet targets and plans. • Sustain strong relationships with relevant industry parties and counterparties to develop business opportunities within the oil and refined products trading arena. • Negotiate and document contracts for purchase/sale of crude oil and refined products within the limits of authority and optimise crude oil purchases and trades around company assets. • Support as necessary in the execution of hedging strategies, using the appropriate instruments (futures or OTC).
3. Trading Reporting, Analysis and Co-ordination
• Monitor the world crude oil and petroleum product trading markets with regards to pricing status, market movements and future trends evaluations in order to identify optimal trading opportunities. Necessary information source database and trading models developed and implemented. • Manage all interfaces daily. Build strong internal relationships with refinery, planning and crude oil operations and hedging teams.
4. Counterparty Approval
• Identify new counterparties to optimize returns. Identify new counterparties. • Assist in the evaluation, supply information to and from these counterparties. Solid knowledge in planning, refinery, and crude logistics (incl. pipelines etc.). Development and implementation of oil trading strategies and tactics with accountability for delivery against targets would be an advantage.
Formal Education
University Bacherlor's Degree (Commerce/Economics/Finance/Logistics/Engineering).
Min Experience
• 10+ relevant years’ relevant work experience within the crude oil planning, refinery and trading environment. The last 4 – 5 years must have been directly with the crude oil and or product trading.
Required Personal and Professional Skills
Sasol is an equal opportunity and affirmative action employer. Inspired by our Purpose of “Innovating for a better world”, Sasol acknowledges that diversity is intrinsic to the fabric of our organisation and is the key to our growth and success. Sasol is committed to the full inclusion of all suitably qualified individuals. Preference will be given to applicants from designated groups and people with disabilities according to Sasol’s Employment Equity Plan. This includes reasonable accommodation to enable individuals with disabilities to perform essential job functions.
Our automated process is designed to efficiently assess a large volume of applications. Should you not hear from us within 60 days of the advert closing then kindly consider your application unsuccessful. Thank you once-more for your interest in Sasol as your employer of choice, and we wish you all the best with your career aspirations and future applications with us.
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