Gulf Petrochem to begin bunker supply operations at Khor Fakkan

Company confirms that it also plans to expand its coverage in the Gulf of Khambat.

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Updated on 19 Jan 2015 12:01 GMT

Gulf Petrochem Group, has announced that it is to begin offering bunker fuel to clients at the port of Khor Fakkan.

In an emailed statement, Gulf Petrochem said that its existing storage facilities in Fujairah and bunker barges will enable it to provide clients with a wider portfolio of marine fuel products such as RMG 380, RME 180, DMA-specification marine gas oil (MGO) and low-sulphur MGO.

Commenting on the news, Prerit Goel [pictured], Group Director said: "We know that the market situation is volatile, however it has always been a strategic objective of the group to be able to offer bunker supplies to our customers out of our terminal in Fujairah, which is one of the most important bunkering ports in the world. We remain largely unaffected by price volatility due to prudent risk management practices and our diverse presence across the oil supply chain. This expansion further compliments our strategy to enhance our standing as a global conglomerate operating in the oil space."

Gulf Petrochem has recently expanded its physical bunker supply capabilities in the Gulf of Kutch and the Indian ports of Kandla, Sikka and Vadinar.

The company also confirmed that it plans to expand its coverage in the Gulf of Khambat as part of the Pipavav Oil Terminal Project.