Located in Newark, New Jersey, this office is active in the marketing of bulk refined petroleum products on the East Coast and Mid Continent. The office is also active in the financing of petroleum inventories for refiners and distribution companies across the U.S.
Our New Jersey office is primarily a contract supplier of distillate fuels and gasoline along the Colonial Pipeline, and the barge and pipeline market in the Mid-Atlantic States, as well as bulk truck rack marketing in New York and New Jersey. The marketing program incorporates supply, inventory financing, and risk management tools such as options into the price of the products. The program eases the customer’s cash flow requirements, and provides an accurate means for costing of the product.
We will supply or purchase in place, crude or products at the facilities of refiners and distributors, and keep title of that product in the customer’s tanks until it is needed for processing or resale. Risk management tools such as futures and options are held by MIECO on the inventory which further decreases the customer’s cash requirements.
FOR SALES AND MARKETING:
VP, Marketing and Trade Finance