Our shareholders

VARO is backed by world-class shareholders: The Carlyle Group (66.66%) and Vitol (33.33%).



Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $369 billion of assets under management as of September 30, 2022, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we invest. Carlyle employs more than 2,100 people in 29 offices across 5 continents.

Further information is available at www.carlyle.com.

Follow Carlyle on Twitter @OneCarlyle.



Vitol is a leader in the energy sector with a presence across the spectrum: from oil through to power, renewables and carbon.

Vitol’s clients include national oil companies, multinationals, leading industrial companies and utilities. Founded in Rotterdam in 1966, today Vitol serves customers from some 40 offices worldwide. It is invested in energy assets globally including: 16 m m3 of storage globally, 500k b/d of refining capacity, over 6,400 service stations and a growing portfolio of transitional and renewable energy assets. Revenues in 2021 were $279 billion.

Further information is available at www.vitol.com.

Follow Vitol on Twitter @vitolnews.