BP’s Russian joint venture, TNK-BP, has selected Houston-based Amphora’s (formerly TradeCapture) ‘Symphony’ energy trading and risk management (ETRM) platform as its international crude and oil products trading platform. TNK-BP CIO Iain Greig said, ‘We needed a system to support our international expansion and our new global trading operations in Geneva. Key requirements were for an accurate, intuitive system that could be implemented in a short time frame by a partner with whom we could build a long term relationship. After a review of the market, it was clear that Symphony provided the greatest functional fit and that Amphora understood our business.’
Amphora’s flagship ETRM solution supports the entire life cycle of all physical and financial transactions for oil and other energy commodities. Symphony pinpoints the value of a position in real-time and tracks the total risk position under any given set of transaction variables. More from www.oilit.com/links/1103_18.
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