About

Company Overview

International Trans Oil Energy, LLP (“ITOE”) is a Florida Limited Liability Partnership founded in 2018. ITOE specializes in the bulk wholesale of various petroleum product including Jet A1, Diesel, Gasoline, Marine/Bunker Fuel, LNG, LPN, Naphtha, PetCoke, and Crude Oil. Originally focused on the domestic market, due to changing market dynamics, ITOE shifted its focus to both domestic and international operations.

Business Strategy

ITOE maximizes profits and minimizes risks by purchasing petroleum products directly from refineries and selling to dependable major exit buyers. It has secured a direct negotiation allocation agreement with a major North American refinery and is exploring partnerships with refineries in Greece, Norway, the Middle East, and India. ITOE also works with several major exit buyers, including the US Federal Government/Defense Logistics Agency (DLA); NATO; the United Nations; OTC Europe, Trafigura; Hartree Partners; the States of Florida, Maryland, West Virginia, and Minnesota; and Goldman Sachs.

Key Personnel

Richard Jaundoo, the founder, has nine years of experience in the petroleum industry, with expertise in the refined fuels market, logistics and international trade. Alan Pellingra, a partner since late 2019, serves as in-house counsel and chief operations strategist. He overseas ITOES growth initiatives and strategic partnership alliances. Nancy Lawall, a partner since early 2021, brings sales, marketing, and customer satisfaction experience to the team. Additionally, to navigate diverse international landscapes, ITOE collaborates with petroleum sector experts based in South America, Europe, South Africa, and the Middle East, leveraging their regional knowledge and connections.

Strategic Policy Initiatives

ITOE has adopted various company policies to strengthen its business, support clients, and make positive impacts on society, the economy, and the environment. These include Corporate Social Responsibility, Diversity Inclusion, Charitable Endeavors, Sustainability Involvement, Ethical Policies, Policies on Bribery and Corruption, a Risk Management Program, and Customer Focus Initiatives.

Future Outlook

Despite the major global events that began in the first quarter of 2020 and have continued to impact the worldwide petroleum market, ITOE has not only survived, but has incorporated key strategies into its business operations that have helped it establish a robust framework for future growth. These strategies have included adding several key players to the ITOE Team, including operational, financial and logistics joint venture partners, and companies and consultants who have the technical expertise to handle both local and global operations.

ITOE recognizes that successful growth requires a combination of approaches tailored to its unique strengths, customer insights, and industry landscape. By executing these strategies effectively, ITOE has positioned itself for sustained business expansion and success in the evolving market and is confident that these changes will help ITOE, and its partners thrive in the ever-changing petroleum sector.