John deuss biography children

Johannes Christiaan Martinus Augustinus Maria "John" Deuss born 28 August is a Dutch businessman who started a variety of businesses, most notably an oil trading company that he attempted to build into an integrated oil company by diversifying into oil exploration , oil refining and operating a large chain of gas stations. He rebranded the stations to their former name Atlantic.

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He has been involved in a number of public controversies including accusations of selling oil to the apartheid regime of South Africa and owning a bank which permitted carousel fraud. His father was a manager at General Motors in Amsterdam. He has one younger sister Martina "Tineke" Deuss. Deuss finished eight grades of school after which he started his career.

In partnership with Hino he attempted to establish an assembly plant for Hino trucks in the Netherlands, but the venture failed after Hino was acquired by Toyota. Deuss was forced to declare bankruptcy. At the age of 25, soon after his bankruptcy in the automotive industry, Deuss became a commodity trader , entering the oil market with his company JOC Oil.

Everything starts simple. If you have success, it grows. You have one transaction. Then you do a second one. He signed a contract in with the USSR's national oil company Soujuznefteexport to export crude over a number of years. The deal broke down in controversial circumstances after Deuss sold 39 consignments but only paid for the first six.

In early , Deuss attempted to corner the global oil market. He expected oil prices to rise since he controlled the available supply, but Shell and Exxon had secretly teamed up to organise extra shipments; Shell trader Peter Ward said "Deuss is a buccaneer [