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ENERGY NEWS

 
     
 

ENOC Bunkering achieves 1,000 vessel clean service record

Posted: 23 July 2003

ENOC Bunkering (Fujairah) LLC, a subsidiary of Emirates National Oil Company (ENOC) Ltd, has achieved a record of problem-free servicing of 1,000 vessels within just 15 months of the joint venture’s launch.

The milestone came with the supply of 8,400 metric tonnes of bunker fuel oil to the very large crude carrier (VLCC) ‘Berge Enterprise’ on July 13th 2003.

“The number of vessels so successfully bunkered in what is a relatively short period of operation for the company is an endorsement of the rationale behind launching this joint venture, and of the Group’s experience in delivering world-class service,” said Hussain Sultan, Group Chief Executive and Board Member, ENOC.

“The potential of the market can be gauged by the fact that more than 12 million metric tonnes of bunker fuel are currently delivered offshore in the UAE and Fujairah has one of the world’s highest volumes of ships requiring bunkering.

“What is exceptional is that in its 15 months of existence, ENOC Bunkering (Fujairah) LLC has operated totally free of any quality or quantity claims whatsoever, proving that the company is living up to the Group’s overall vision of being an international energy partner of choice.”

ENOC Bunkering (Fujairah) LLC is a joint venture between ENOC, which holds 51 per cent of the equity, the Fujairah Government, which has a 25% stake holding, and Kuwait’s Independent Petroleum Group (IPG) with the remaining 24 per cent. The joint venture provides offshore and in-port marine products supply in Fujairah.

The company operates the youngest fleet of its kind in the region, has a delivery capacity of 250,000 metric tonnes per month, and, according to Sultan, is heading for steady growth.

“We anticipate introducing a fourth bunker tanker by the end of this year to ensure success in the competitive Fujairah market by providing size and volume,” explained Sultan. “We will cement our leading local market share, which is currently producing annual sales in excess of two million tonnes, and then intend to go global with expansion into other geographic regions to meet client demand.”

The tankers currently used by ENOC Bunkering (Fujairah) LLC, which are chartered from its sister ENOC company, Dubai Shipping Company, are all approved by major oil players, including ExxonMobil and Shell.

ENOC Bunkering (Fujairah) LLC provides a range of bunkering and cargo services, including transportation, trans-shipment, storage, blending and marine fuel oil sales through its main office in Fujairah and ENOC branches overseas.

For more information see www.enoc.com.

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Posted by Richard Price, Editor EnergyME.com

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