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AEI ·  George Town,  Grand Cayman Cayman Islands ·(NYSE: AEI)

Company Description

Clifton House 75 Fort St.
George Town,  Grand Cayman
Cayman Islands (Map)
Phone: +1-345-949-4900
Fax: 713-345-5277
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    AEI has set its sights on empowering the developing world. Its more than 50 operating energy-related companies serve 7.3 million customers in 20 countries throughout Asia, Europe, and South America. The company's business operations include retail fuel operations, natural gas transmission and distribution, and power distribution and power generation. AEI has approximately 20,930 miles of oil and gas pipelines, 120,000 miles of power lines, a gross installed capacity of approximately 2,180 MW, and direct and indirect ownership of more than 1,820 gas stations. Investment firm the Ashmore Group owns AEI, which filed an IPO in 2009. To read the full description, subscribe now.
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    Key AEI Financials

    Company TypePrivate - NYSE: AEI

    Headquarters
    Fiscal Year-EndDecember
    2008 Sales (mil.)$9,211.0
    2008 Employees14,200

    AEI Executives

    32 executives listed for AEI's  George Town,  Grand Cayman location.
    TitleName & BioContact
    ChairmanRonald HaddockNetwork
    Vice ChairmanBrent de JongNetwork
    CEO and DirectorJames HughesNetwork

    Competition

    Competitive Landscape for AEI
    Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.
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