Gulf Petrochem Group, a player in the oil industry, will discuss plans to supply Khor Fakkan and Jebel Ali bunker market during its participation as 'Industry Support Sponsor' at RESCON - The Red Sea and Gulf Bunkering Conference to be held from May 21 to 23, 2012 at the Movenpick Hotel Dubai. With this expansion in bunkering activities, the company reinforces its foothold as an important physical bunker supplier. Gulf Petrochem India Pvt Ltd, a subsidiary of Gulf Petrochem FZC has already entered India's bunkering industry as a physical bunker supplier at Gujarat Port, India.
Sanjeev Sisaudia, Group CEO, Gulf Petrochem, said: "Our plan to enter Khor Fakkan and Jebel Ali as physical bunker suppliers is testament to the company's commitment to satisfy the growing requirements of our regional and global clients. The upcoming inauguration of the new Fujairah Oil Terminal will be an important step in realizing our expansion drive as it will significantly expand our capacity and enable the company to cater to a much broader customer base in the region. Gulf Petrochem's mission to fortify its stronghold as a leading player in the oil space is fast gaining momentum and we are looking to support our expansion initiatives through our active participation in events such as RESCON."
Kalrav Dixit, Group Trading Manager at Gulf Petrochem will be one of the speakers at the conference and will discuss the impact of the changing quality of fuel and the impact of pricing trends. Gulf Petrochem will also provide updates about its new Fujairah Oil Terminal, one of the key projects expected to fortify Gulf Petrochem's stronghold in the regional market. The company has invested over $130m to build the Fujairah Oil Terminal, which is expected to start operations in October 2012 with an initial capacity of 412,000 cubic meters.
Gulf Petrochem has emerged as a fast-growing group expanding globally into various verticals of the oil industry. It currently operates six strategic business units; Oil Trading & Bunkering, Oil Refining, Grease Manufacturing, Oil Storage Terminals, Bitumen Manufacturing, and Shipping & Logistics. Headquartered in UAE, the Group has offices in Dubai, Singapore, Mumbai and Geneva. It has refining and storage facilities at Hamriyah, Sharjah in UAE. Gulf Petrochem's bulk shipments are serviced by three owned vessels.
Source: Gulf Petrochem