BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



IOC mulls bunker partnership in Turkey

Indian Oil Corporation considers possible marketing agreement with Turkish energy firm.





Updated on 27 May 2008 08:10 GMT

Indian Oil Corporation (IOC) is reportedly deliberating over the possible co-operaton with Calik Energy to supply marine fuels in Turkish ports, according to recent reports.

IOC is understood to be interested in entering into a marketing agreement with the Turkish energy firm, which would see both companies collaborate in the sale of petroleum and petrochemical products in Turkey and would also include the supply of bunker fuel.

IOC has also firmed up its plans to jointly set up a 15 million tonne per annum grassroots refinery and petrochemical complex in Ceyhan, southern Turkey with Calik Energy. The total cost of the project has been estimated at $6 billion.

For the purpose of establishing and operating the integrated refinery-cum-petrochemical complex, Calik Energy is likely to form a new company named Eastern Mediterranean Petrochemicals and Refining Company. Kaz MunayGaz of Kazakhstan and Eni of Italy have also shown interest in participating in the project.

Also being considered is the development of a transportation route from Turkey to India via Israel. IOC is understood to be currently in the process of considering a number of strategic options in the Mediterranean.

IOC was also reported to be taking a 12.5 percent stake in a pipeline project which would transport oil from the Black Sea port of Samsun to Ceyhan on the Mediterranean coast. The project is being developed by Trans-Anadolu Pipeline Company (TAPCO), which is a joint venure between Calik Energy and Eni.

Sources close to the deal have reported this week that the state-run Indian oil company will not be taking part in the project. Royal Dutch Shell Plc is now understood to be close to signing a deal with Calik Energy and Eni for an undisclosed stake in TAPCO.






Related Links:

IOC requests duty drawback on bunkers
Indian oil firm sells 380cst cargo
Buyers bid for 90,000mt 380cst cargo
Indian firm offers 480,000 mt of 380cst via tender
Indian Oil Corporation Ltd.
India
Turkey

Latest News:

North America's first LNG bunker barge delivered
World Fuel Services claims enhanced client offering with launch of Falmouth jetty
Oil and fuel oil hedging market update
Sing Fuels adds bunker trader in Taiwan
Market increasingly focused on the upcoming US sanctions on Iranian oil
Top Ships' fuel-efficient 'Eco' tanker completes sea trials
Vopak and Maersk to launch 0.5%S bunkering facility in Rotterdam
Dan-Bunkering merges with Australia Bunkering
Oil and fuel oil hedging market update
SHI to build two bunker-saving LNGCs for Celsius Tankers
Oil slightly down on trade war and fears of economic slowdown
VPS issues flash point distillate alert for New York




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events