Our main business is to supply and market crude oil and its refined byproducts. Accordingly, we expanded our portfolio to include naphtha, gas, kerosene, gasoline, diesel, lubricants and bitumen.

We have improved our business activities with strategic assets by providing valuable insights into the markets in which we operate and enabling us to streamline our supply chain, particularly in oil production, fuel, warehousing and delivery services.

Our developed business model is based on organic growth and strategic partnerships for both trading opportunities and asset origination. Over the years, our activities have allowed us to develop remarkable insights into the increasingly interrelated commodity sectors. Likewise, our strong physical presence throughout the value chain helps provide knowledge and identify the path to our continued growth.

PRD Brazil's business development team is led by experienced experts, predominantly from the energy, trade and finance sectors, in both developed and emerging markets. Their ability is to recognize and evaluate partnership-based opportunities that are critical to the realization of our vision.

PRD Brasil's diversified and resilient business model, based on global physical and financial negotiations, structured finance and asset-related solutions, enables the group to report another year of strong performance.

PRD Brazil has become the global energy "Oil & Gas" partner of commodity commodities, financial institutions, governments and regulators, seeking transparent, innovative and compatible services and solutions throughout the commodity supply and value chain. Our talent base, risk management expertise, financial and capital resources are consistently deployed to support our business partners. In a generally low-margin market environment, PRD Brazil continually favors and develops efficient solutions to optimize value and return for our counterparts. We continue to build our structured finance franchise and invest in technologies that help reduce costs and improve transaction security. Now, more than ever, PRD Brazil is positioned to continue to grow and seize growth opportunities in its natural markets in Brazil, Asia, Europe, the Americas and around the world through partnerships.

PRD  may become a stock investor through joint ventures or a trading partner with long-term purchase agreements. Our market experience, technical expertise in the energy industry, along with asset owners and project partners create synergies that generate opportunities and benefits that are certainly fruitful and generate good business for all stakeholders.

PRD  believes in partnerships and is committed to both the relationship and the asset itself.

PRD  is one of the fastest growing energy traders in Brazil, despite recent macroeconomic events and geopolitical turmoil. Our business model continues to perform well and shows a low correlation with the seasonal financial market cycle, making it an efficient company where it has always been able to capture lucrative opportunities even in the recession.

PRD manages market, financial and operational risks associated with the transportation of goods in significant volumes in the negotiations. Our goal is to manage risks across the spectrum. We continue to invest in our infrastructure through strategic Energy Trading and Risk Management (ETRM) systems. Our corporate culture emphasizes the values of accountability, responsibility and communication at all levels of the organization, and PRD Brasil people take these values seriously.

Risk management functions are strictly separate and independent from the front office.

Risks are reported to the highest level of company management, where we employ a wide range of techniques and metrics at the corporate, portfolio or trading levels, and our robust control process covers the entire risk life cycle from the outset. until settlement.

We believe the daily fair value marking of all positions held at the company is vital to understanding and declaring our risk.

Credit risk is assiduously managed by our Credit Department, providing a vital link between corporate risk management functions and front office trading units. The department provides the necessary checks and balances to facilitate new trading opportunities and mitigate our ongoing counterparty, sector and country risks.

VaR is a widely used risk monitoring tool in our industry. We use it to measure, manage and allocate risk in our business. Individual sublimates are defined and applied by senior management.

VaR is just one of a number of tools available, which typically include position limits, market depth, concentration and liquidity considerations, as well as stress and worst case metrics.

We pay extraordinary attention to detail to ensure operational adequacy in contracting ships with our oil and gas partners and suppliers we use to transport goods. Shipping, loading and unloading management is overseen by dedicated specialists, along with independent inspection companies (SGS & INTERTEK). The products in storage and the storage assets themselves are continuously monitored.