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



Gulf Petrochem discusses projects in UAE and India.

Oil firm shares details regarding the development of its storage facilities in Fujairah and Gujarat.



Image credit:


Updated on 09 Dec 2011 09:22 GMT

Gulf Petrochem shared details regarding the development of its storage facilities in the UAE and India at this week's 2011 Tank Storage Asia expo and conference, which concluded on December 8th at the Kuala Lumpur Convention Centre, Malaysia.

Oil storage terminals figure prominently in Gulf Petrochem’s global expansion efforts. The group has two ongoing projects in Fujairah, UAE and Gujarat, India scheduled for completion by next year.

Phase 1 of the Fujairah oil terminal will have a total capacity of 412,000 cubic meters (cbm) for Class 3 and is expected to be completed by mid-2012. The oil and gas terminal in Gujarat’s Pipivav Port will have an initial capacity of 318,000 cbm for fuel oil, carbon black feedstock, marine diesel oil and bitumen and is expected to be commissioned by late 2012.

Tank Storage Asia 2011 gathered experts representing the entire oil and gas spectrum, from major oil companies and bio-fuel producers to suppliers and bulk liquid storage terminals. The two-day conference stream covered regional market updates, project updates and case studies, trade flow and industry laws. During the event, G.S. Raghavan, Gulf Petrochem’s General Manager of Projects, discussed the design and construction of storage tanks, and also highlighted the company's areas of expertise.

Commenting on the conference, Harsh Sinha, Executive Director, Gulf Petrochem Group, said: "This was also a great opportunity for Gulf Petrochem and Raghavan to showcase our upcoming terminals in the UAE and India along with our other major projects and plans. Our latest developments in tank storage reflect our vision to make the oil storage business one of the key drivers for our rapid growth. We are confident that a range of solutions we offer can drive up efficiencies across the entire supply chain for Malaysia and other Asian markets.”

Gulf Petrochem recently named three new trading officials in key Asian markets as part of its expansion plans in the region. It currently has three global trading desks and has consolidated its team of trading experts in strategic areas. Future plans include the establishment of a European office to tap markets in Europe and Russia.

The group was founded in 1998 and has since grown into a USD 500 million company operating its six business units of oil trading and bunkering, oil refining, grease manufacturing, oil storage terminals, bitumen manufacturing, and shipping & logistics.






Related Links:

Gulf Petrochem expands Asia team
Oil trader plans Singapore expansion
Agreement to build Pipavav oil terminal
Fujairah terminal to 'spearhead' future growth
GP Global
Pipavav
Fujairah
India
United Arab Emirates

Latest News:

Oil and fuel oil hedging market update
$60s are hard to hold
Silverstream hails air lubrication uptake ahead of 2020
Oil and fuel oil hedging market update
OPEC, non-OPEC oil producers agree to cut 1.2m bbl/d
Aegean secures final approval for initial set of motions
MoU signed to test fuel gas and bunkering systems in Busan
Oil and fuel oil hedging market update
Volatility as OPEC meeting comments emerge; draw in US oil stocks
Quadrise announces open offer to avert Jan winding down process
Aegean rejects Mercuria objections ahead of court hearing
Aegean files motion to protect confidential information




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
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