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Hidden oil giant Vitol skirts war, market chaos to make billions

Over half a century, the group - which trades about 6.5 per cent of the world's oil - has never suffered an annual loss.

IT WASN'T a normal business trip, even for Ian Taylor. Over an almost 40-year career in oil, the Oxford-educated Briton had set down in plenty of hot spots, from Teheran to Caracas, Baghdad to Lagos. Yet this journey - destination Benghazi, Libya in the midst of a civil war - was different.

All Mr Taylor had to do was peer out of the window of the private plane he was in for a reminder. A thousand feet below, a Nato drone chaperoned the aircraft. Mr Taylor, the compactly built chief executive officer of Vitol Group, the world's biggest independent oil trader, found himself wishing it were a proper fighter jet.

It was early 2011. Forces revolting against the 42-year dictatorship of Muammar Gaddafi...

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