Bunkering of Fuel Oil, Gasoil On the Rise

Bunkering of Fuel Oil, Gasoil On the Rise

The supply of fuels to ships in the first ten months of the current Iranian year (ends March 20) exceeded three million tons, Shana news agency reported Monday.
The 10-month bunkering included around 3 million tons of fuel oil and 107,000 tons of gasoil, marketing director of the National Iranian Oil Products Distribution Company (NIOPDC) said. “The value of fuel oil bunkering in this period reached $1.35 million, showing 30 percent increase compared with the same period last year, Mohammad Mazlumi stated.
He added that the 10-month gasoil bunkering was valued at almost $100 million, also indicating 30 percent growth when compared to the same period in the previous year.
NIOPDC plans to set an annual bunkering (of fuel oil and gasoil) record of 4 million tons this year. “Despite the recent plunge in prices of oil and its derivatives, we are determined to reach that goal,” Mazlumi asserted.
Currently, seven Iranian companies carry out bunkering services in the Persian Gulf. Bushehr and Bandar Abbas account for the lion’s share of Iran’s fuel oil and gasoil supply to large cargo vessels and ferries.
Since 2006, the NIOPDC has been conducting bunkering services, with the help of the private sector, in several southern ports and cargo terminals, including Kharg, Qeshm, Assalouyeh, and Chabahar. The company has thereby increased Iran’s share in the bunkering industry in the Persian Gulf and the Sea of Oman. 

Short URL : http://goo.gl/bgVICB

You can also read ...

Britain, South Korea in Talks to Safeguard Crude Trade
Britain and South Korea are in talks to protect an arrangement...
Laying the 290km gas pipeline needs an investment of €245 million ($300 million) and will be completed by March 2020.
Iran’s defense and oil ministries signed a contract on Monday...
South Pars Phase 14 platform
The first offshore platform of South Pars Gas Field's Phase 14...
Brent, WTI Prices Dip as US Rig Count Increases
Oil prices dipped on Monday as a rising US rig count implied...
Egypt Eyes $10b in Hydrocarbon FDI
Egypt aims to attract foreign investments in the oil and gas...
OPEC, Non-OPEC Conformity Hits 149%
The Organization of Petroleum Exporting Countries and...
NIDC Outlines Plan for Expanding Operations
Bidding in international tenders, expanding foothold in...