(Bloomberg) -- Glencore Plc has hired ex-BP Plc trader Aditya Ravavarapu to lead its Asian crude oil trading team out of Singapore, according to people with knowledge of the matter.
Ravavarapu is currently on gardening leave and will start with Glencore in January, they said, asking not to be named as the information isn’t public. He will join the trading house as it gears up for a bigger role in physical crude markets following the company’s purchase of a stake in Singapore’s Bukom refinery from Shell Plc.
The role was previously held by Jonathan Cullis, who left Glencore in early-2024.
Glencore bought Shell’s refining and chemicals assets in Singapore this year in a joint venture with Indonesia’s PT Chandra Asri Pacific. They include a 237,000 barrels-a-day refinery and ethylene plant on Pulau Bukom island, as well as some downstream chemical units on Jurong Island.
A spokesperson from Glencore declined to comment. Nobody replied to an email to BP’s press office on the matter.
--With assistance from Yongchang Chin and Thomas Biesheuvel.