Coral Energy
- Company typePrivate
- Founded2010
- HeadquartersDubai, United Arab Emirates
- Headcount11–50
- GTM typeB2B
- OfferingServices
Coral Energy firmographics
Firmographics- Name
- Coral Energy
- Website
- https://coralenergy-group.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Coral Energy industry classification
Industry- Product category
- Crude Oil and Petroleum Trading
- NAICS
- Petroleum Bulk Stations and Terminals (424710)
- SIC
- Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)
- akta.pro primary industry
- Marine Bunkering & Port Fuel Supply (EUALAIAG)
- akta.pro secondary industry
- Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD)
Keywords
Where Coral Energy is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Markets served
Coral Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel
Coral Energy product offering
Product offeringCore offering
Coral Energy is a Dubai-based trader of crude oil, gasoline, and petrochemical products. According to EU sanctions designations and investigative reporting, the company operated within a 48-company network that facilitated a dominant share of Rosneft's seaborne crude exports as of late 2024, using short-lived corporate vehicles, generic cargo descriptions, and shared back-office infrastructure to disguise the origin of Russian oil for international buyers.
Differentiator
Problem solved
Functional benefit
Companies that use Coral Energy
Customer profileSegments1 record
Ideal customer profiles1 record
Coral Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Coral Energy partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- RosneftcoreCoral Energy (founded by Tahir Garayev) facilitated Russian oil exports through sanctioned energy company Rosneft. The network was handling a dominant share of Rosneft's seaborne exports as of late 2024, exceeding 80% of ship-borne exports.
- 2Rivers GroupcoreCoral Energy later evolved into 2Rivers Group under founder Tahir Garayev. The entity underwent rebranding while continuing operations in facilitating Russian oil exports.
Scale indicators3 records
Recent moves4 records
Expansion highlights4 records
Coral Energy competitors and assessment
Company assessmentEmerging players
- BB Energy: Independent oil trader with strong Middle East and African focus. Comparable as a privately held, mid-sized trader active in emerging-market crude and product flows.
- AOT Energy: Geneva-based mid-sized oil products and crude trader with emerging-market focus. Comparable in scale and product overlap, and as a non-major trader competing for similar flows in Asia, Africa, and the Middle East.
- Socar Trading: Trading arm of the State Oil Company of Azerbaijan. Comparable both as an Azerbaijan-linked trading entity (relevant given the founder's Azeri background) and as a Caspian/CIS-origin crude trader.
Direct peers
- Gunvor Group: One of the world's largest independent oil traders, historically with deep Russian exposure. Comparable in business model (asset-light crude and product trading from a neutral jurisdiction) though now largely delinked from Russian flows following founder sanctions.
- Trafigura: Major commodity trader with significant crude oil and petroleum products operations. Comparable as an asset-light trader intermediating between producers/refiners and end-users across emerging markets.
- Vitol: World's largest independent energy trader. Closely comparable business model — crude oil, refined products, and increasingly petrochemicals — though operating at vastly larger scale and within Western compliance frameworks.
- Mercuria Energy Trading: Independent commodity trader active in crude oil, refined products, and petrochemicals. Comparable in terms of mid-sized trading focus, geographic flexibility, and reliance on emerging-market counterparties.
- Glencore: Major commodity trader with substantial oil trading operations alongside mining and metals. Comparable as a global, multi-commodity trader, though at vastly greater scale and with deeper compliance infrastructure.
- Litasco: Trading arm of Lukoil, handling crude and product flows for a major Russian producer. Comparable in its role as a Russian-aligned trading entity and in its focus on placing Russian-origin barrels into international markets.
Broad incumbents
- PetroChina International: International trading arm of a major NOC with global crude and product flows. Comparable as a state-affiliated trader operating at scale outside Western enforcement jurisdiction, though operating across a far broader portfolio.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
Coral Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coral Energy leadership team
Management profileNumber of profiles
Profiles1 record
Coral Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coral Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coral Energy
What does Coral Energy do?
Coral Energy is a Dubai-based trader of crude oil, gasoline, and petrochemical products. According to EU sanctions designations and investigative reporting, the company operated within a 48-company network that facilitated a dominant share of Rosneft's seaborne crude exports as of late 2024, using short-lived corporate vehicles, generic cargo descriptions, and shared back-office infrastructure to disguise the origin of Russian oil for international buyers.
Is Coral Energy a public or private company?
Coral Energy is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Coral Energy founded?
Coral Energy was founded in 2010. It employs 11 to 50 people.
Where is Coral Energy based?
Coral Energy is headquartered in Dubai, United Arab Emirates, in the Middle East region.
Who are Coral Energy's main competitors?
Emerging players on record are BB Energy, AOT Energy and Socar Trading. Direct peers are Gunvor Group, Trafigura, Vitol, Mercuria Energy Trading, Glencore and Litasco. PetroChina International is listed as a broad incumbent.
Does Coral Energy have an API?
No public API is recorded for Coral Energy.
What industry is Coral Energy in?
Coral Energy's product category is Crude Oil and Petroleum Trading. Its primary akta.pro industry code is EUALAIAG, Marine Bunkering & Port Fuel Supply, with a secondary code of EUALAIAD, Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery). Its NAICS code is 424710 and its SIC code is 5172.