Kidman

What Kidman does

Kidman is a privately held petroleum trading intermediary founded in 1999 and headquartered in Al-Khobar, Saudi Arabia. The company trades a portfolio of energy commodities — crude oil (BLCO/SLCO), D2 diesel, LPG, LNG, JP54 jet fuel, and fuel oil — connecting crude oil producers, refineries, and trading/retailing companies with industrial and commercial end-users across multiple sectors. Sourcing is geographically diversified across Kuwait, Saudi Arabia, the broader Middle East, Russia, and occasionally other regions, with the company claiming the ability to move oil globally via established supply chains.

Kidman operates a transaction-fee revenue model, earning margins on commodity trading rather than taking principal inventory positions. Its go-to-market is direct B2B enterprise sales, with transactions governed by LOI, full legal binding purchase/sale contracts, and SWIFT MT799 bank-to-bank procedures backed by Performance Bonds (2%), BG/SBLC instruments, and a stated 105% guarantee of performance/penalty inclusive of Force Majeure. The company is verified by a network of top-tier Western European and UK banks, a UK Investment Bank (Plc), and a US Asset Management Company, with optional USA law firm trust account security available for buyers preferring US legal enforcement.

The company serves a broad cross-vertical customer base spanning petroleum refineries, petrochemical units, power plants, steel plants, aviation, chemical plants, defense facilities, desalination/water utilities, shipping, agriculture, construction, healthcare, education, banking, and IT/telecom. It operates with a small team of 11–50 employees from a single Al-Khobar office, with no disclosed financial metrics, no funding rounds, no investors, and no proprietary technology beyond standard commodity trading and banking infrastructure.

Name

Kidman

Legal name

Kidman

Website

https://kidman.com.sa

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Kidman is a Saudi Arabia-based petroleum trading intermediary, founded in 1999, that connects crude oil producers, refineries, and end-users globally via bank-to-bank transactions across crude oil, diesel, jet fuel, LPG, LNG, and fuel oil.

Ownership category

akta.pro rank

Headquarters

HQ city

Al Khobar

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Others

Revenue model

1. Petroleum Product Trading: Trading of petroleum commodities including crude oil, diesel (D2), jet fuel (JP54), LPG, LNG, and fuel oil. The company acts as an intermediary between crude oil producers, refineries, and end-user companies, earning margins on commodity transactions.
2. Commodity Trading Margins: Revenue generated from trading petroleum derivatives and crude oil with worldwide partners. Products include D2, LPG, LNG, JP54, Fuel Oil, and Crude Oil traded globally.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

Kidman is a privately owned petroleum trading company that intermediates the global sale and purchase of crude oil and refined petroleum products — including crude oil (BLCO, SLCO), D2 diesel, LPG, LNG, JP54 jet fuel, gasoline, gasoil, and fuel oil — between producers/refineries and industrial end-users. Transactions are executed under standardized procedures using LOI, full legal purchase/sale contracts, and SWIFT MT799 bank-to-bank procedures with collateral security.

Product overview

Kidman is a petroleum trading company offering a portfolio of energy commodities including crude oil and refined petroleum products. The company's product lineup consists of D2 diesel, LPG, LNG, JP54 jet fuel, fuel oil, and crude oil. Kidman facilitates global petroleum trading, moving oil products worldwide through established supply chains from the Middle East, Russia, and other producing regions.

Differentiator

Problem solved

Functional benefit

Products and services

• D2 Diesel D2 diesel fuel traded as part of Kidman's petroleum derivatives portfolio, supplied to refineries, power plants, industrial buyers, and other end-users under SWIFT MT799-secured purchase/sale contracts.
• LPG (Liquefied Petroleum Gas) Liquefied Petroleum Gas traded as part of Kidman's energy commodity offerings, supplied globally to industrial and commercial buyers under bank-secured trading contracts.
• LNG (Liquefied Natural Gas) Liquefied Natural Gas traded as part of Kidman's energy commodity portfolio, supplied to global industrial, power, and commercial buyers under secured trading contracts.
• JP54 Jet Fuel
• Fuel Oil
• Crude Oil (BLCO, SLCO)

Named customers17 records

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered supporting and core.

• Top USA Law FirmsupportingImplementation/ SI/ Consulting PartnerLaw firm providing optional trust account security as an alternative to BG/SBLC instruments for buyers preferring USA-based legal enforcement. Drawdown on the trust account is only possible after full 12 months delivery.
• Crude Oil ProducerscoreChannel Partner/ Reseller/ DistributorCommercial partners including crude oil producers that supply feedstock and intermediate or blending stocks for trading operations.
• RefineriescoreChannel Partner/ Reseller/ DistributorCommercial partners including refineries that provide petroleum products ranging from feedstock to finished products like gasoil, diesel, jet fuel, gasoline, and fuel oil.
• Trading and Retailing CompaniescoreChannel Partner/ Reseller/ DistributorCommercial partners including trading and retailing companies that distribute petroleum products to end consumers.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Manso Resources: Privately held trader of petroleum products including crude oil and refined derivatives — similar size, regional footprint, and trading intermediary model to Kidman.
• Concord Resources: Independent global petroleum trading house focused on crude oil and refined products with established banking and counterparty infrastructure — directly comparable to Kidman in product mix and transaction procedures.
• BB Energy: Privately held petroleum product trader headquartered in the Middle East, trading crude oil, refined products, LPG, and LNG globally through bank-secured transaction procedures — highly comparable to Kidman's intermediation model and regional base.
• Freepoint Commodities: Mid-sized integrated commodities merchant trading crude, refined products, and natural gas globally with bank-secured documentation and intermediary-driven flow — closely aligned with Kidman's product breadth and intermediation model.
• Mercuria Energy Trading: Global energy commodities trader active in crude oil, refined products, LPG, and LNG with a trading-intermediation revenue model — comparable to Kidman across product portfolio and customer base, though operating at significantly larger scale.

Broad incumbents

• Litasco: International trading arm of Lukoil active in crude oil and refined product trading globally — comparable product mix and trading intermediation model to Kidman, though backed by an integrated upstream oil major.
• Glencore: Integrated commodity trader with major oil and petroleum products trading operations alongside mining and metals — overlaps Kidman's petroleum trading activities but operates a vastly broader portfolio with proprietary logistics and mining assets.
• Trafigura: Major global commodity trader with extensive oil, petroleum products, and gas trading operations — comparable in product coverage and customer base, though with integrated logistics, storage, and proprietary trading books far beyond Kidman's scope.
• Gunvor Group: One of the world's largest independent oil traders with global infrastructure, trading crude oil, refined products, and natural gas — overlaps Kidman's product lines and customer segments but operates at vastly greater scale and proprietary inventory depth.
• Vitol: World's largest independent energy trader moving crude oil, refined products, LPG, and LNG globally — directly comparable product portfolio to Kidman, but operating at scale orders of magnitude larger with proprietary positions and infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kidman