SRIRAG NAIR
OIL TRADING-OPERATIONS
Dubai
Summary
Accomplished trading professional with over 15 years in oil and gas markets, specializing in Light distillates, Heavy end & Fuel oil trading. Renowned for managing physical trading books and securing strategic positions from refineries and major traders, expanding market share across UAE and Far East regions. Expert in negotiating high-value contracts and optimizing P&L performance to ensure sustained profitability.
Overview
15
15
years of professional experience
1
1
Certification
Work History
Trading Operations Manager
Confidential-Oil & Gas
01.2025 - Current
- Led trading operations in Light distillates, Heavy End and Fuel oil markets, driving revenue growth through strategic positioning.
- Managed end-to-end trade execution, including compliance adherence and documentation finalization.
- Prepared detailed reports providing essential data as required by the legal team.
- Ensured strict adherence to international shipping standards and documentation protocols.
- Managed a physical trading book for gasoil,Fuel oil & light Distillates optimizing positions to maximize profitability and market presence.
- Negotiated and finalized Sales and Purchase Agreements (SPAs) with refineries, traders, and key counterparties, securing competitive pricing and aligning with target margins.
- Conducted in-depth analysis of market trends, supply-demand dynamics, pricing structures, and geopolitical factors to inform trading decisions and mitigate risks.
- Cultivated and maintained strong relationships with suppliers, customers, brokers, shipping companies, and industry leaders to unlock exclusive trading advantages and expand the client portfolio.
- Identified regional supply-demand imbalances and executed high-value physical trading opportunities in gasoil across the markets, consistently surpassing performance targets.
- Utilized advanced trading platforms and analytical tools for real-time market monitoring and precise trade execution.
- Prepared economic optimization models for commodity offerings, analyzing position prices, logistics costs, and vessel expenses to deliver comprehensive proposals to end users.
- Collaborated with internal teams (operations, finance, logistics) to ensure seamless trade execution, regulatory compliance, and meticulous documentation.
- Coordinated with terminal operators to streamline lifting processes and maintained proactive communication to facilitate efficient cargo operations.
- Resolved issues related to laycan nomination changes, ensuring timely coordination and confirmation of nominated vessels to meet scheduled deadlines.
- Issued precise instructions to third-party inspection companies and vessel agents, overseeing operations to minimize demurrage during loading and discharging.
- Prepared detailed reports to support the legal team in arbitration filings, providing critical trading data and documentation as required.
- Participated in refinery tenders, evaluating full expense structures to bid strategically and achieve target pricing objectives.
- Coordinated and finalized payment instruments, such as Letters of Credit (LC) and Telegraphic Transfers (TT), with buyers and sellers to ensure smooth financial transactions.
- Liaised with all third parties involved to guarantee accurate and timely documentation for trade compliance and audit purposes.
- Prepared and presented detailed reports on trading performance, market trends, and risk exposure to senior management, enhancing strategic decision-making.
- Contributed to regular market meetings and discussions, sharing actionable insights to refine trading strategies and capitalize on emerging opportunities.
Operation Supervisor & loading master
Fujairah Oil Terminal FZC (FOT)
10.2014 - 12.2024
- Supervise all the oil movements operations like, ship's discharge, loading, pipeline transfers, inter tank transfers, blending, circulation, transfers, additive injections, heater operations, mixing and pigging etc. as per standards and procedures and ensure that the same is carried out in a safe and efficient manner.
- Operation and maintenance of various equipment's and utilities such as centrifugal and positive displacement pumps, centrifugal air compressors, diesel generators, nitrogen storage unit.
- Tank commissioning & De - commissioning.
- Translate outlined operational instructions from Customer Service / Operations Management and daily schedules into a detailed working plan for safe and efficient operation. Optimizes team members, facilities, and equipment. Thrives to complete operations and vessel turnaround promptly.
- Instruct Senior Operator in plans to be followed together with manpower distribution. Make periodic check of site, confirm line-ups are correct, and that equipment is being properly and effectively used. Check, control and inspect records to confirm that required operational variables are maintained and that data is accurate.
- Counsel shift personnel, prepare appraisals, make recommendation, investigate absences, maintain discipline, investigates incidents / accidents, and prepares reports accordingly.
Assistant Operation Manager
SR Resources FZC.
09.2013 - 09.2014
- Handled vessel operations as loading master and performed all the protocols and norms as per the port rules and regulations at Hamriyah port.
- Planned and executed the daily routine work at Oil Terminal.
- Handled different projects like new installation of pipeline from the jetty and erection of the fixed and floating roof tanks.
- Handled different products like base oil products, gasoline, gasoil, naphtha, RPO.
- Handled different operations like container flexi loading and unloading, drum loading, tanker loading and unloading.
- Handled Tank farm activities - ITT operations, tank cleaning and box up, tank truck cross transfer, drum decanting etc.
Junior Manager
IndianOil Adani Ventures (formerly known as Indian Oiltanking)
08.2011 - 08.2013
- Planned & executed the task given by superiors to take finished products like HSD BS III & IV, MS III& IV, SKO, SCN in the floating roof tanks as per ullage requirement at HPCL TERMINAL (MUNDRA).
- Followed standard operational procedure for dispatching crude oil as per planning schedule at HMPL TERMINAL (MUNDRA).
- Good knowledge about operation of multi-stage pumps, booster pumps, screw pumps.
- Knowledge about operations of corrosion inhibitors, static mixer & swivel angle tank mixer propeller.
- Knowledge about different types of valves, actuators, probes & sensors for safety present in multi-stage pumps.
- Handled control room with SCADA system, dike wall position indicators, CCTV cameras.
- Actively participated in successful commissioning of floating roof tanks and different type of hook-up works.
- Knowledge about the procedures followed for tank cleaning activity.
- Took Responsibility for Day-to-day Operation like gauging, sampling, routine inspection of different type of terminal equipment, checklists, quality and quantity analysis and various other tank farm operations.
- Made daily loss gain report and find out about any abnormal loss/gain, result of the loss gains, and control the same.
- OTR Preparation.
- Conducted different mock drills situations with precautions.
- Testing & Calibration of different type of equipment installed in tank-farm e.g., TSVs, Pressure gauges, PVRV.
- Preventive & Breakdown maintenance of equipment as per checklist.
- Followed the work permit system & records properly maintained.
- Executed cost saving measures and modifications to achieve substantial reduction in O&M Expenditures and work within the budget.
Education
MBA - Finance and Financial Management Services
SVKM's Narsee Monjee Institute of Management Studies (NMIMS)
India04.2024
Bachelor of Engineering - BE - Mechanical Engineering
Government Engineering College
Modasa06.2011
Skills
- Trading Contracts(SPA) preparations & review
- Trading Operations
- Oil Terminal Storage Contract review & operations
- CTRM Solution( Fusion)
- Shipping (charter party agreement preparations & review)
- Capex & Opex review(Oil Trading)
Accomplishments
Received Long service award for completing 10 years in FOT terminal-Fujairah
Certification
- Six Sigma: Black Belt
- Tank gauging instruments advanced
- Master of Business Administration - Financial Management
- Advanced fire fighting course
Languages
Malayalam
English
Tamil
Hindi
Timeline
Trading Operations Manager
Confidential-Oil & Gas
01.2025 - Current
Operation Supervisor & loading master
Fujairah Oil Terminal FZC (FOT)
10.2014 - 12.2024
Assistant Operation Manager
SR Resources FZC.
09.2013 - 09.2014
Junior Manager
IndianOil Adani Ventures (formerly known as Indian Oiltanking)
08.2011 - 08.2013
MBA - Finance and Financial Management Services
SVKM's Narsee Monjee Institute of Management Studies (NMIMS)
Bachelor of Engineering - BE - Mechanical Engineering
Government Engineering College
Personal Information
Title: HEAD OF OPERATIONS-COMMODITIES TRADE (OPERATIONS MANAGER)