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.
Posted by Richard Price,
Editor Pipeline Magazine
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