Romanian energy company OMV Petrom on Friday (14 February) announced it has produced a marine fuel oil with low sulphur content of 0.5% at the Petrobrazi refinery.
The first delivery took place in Port Constanța at the end of 2019 and is unique to the Romanian market.
OMV Petron said this endeavour was made possible with a EUR 3 million investment in the production logistics facilities at the Petrobrazi refinery two years ago.
Up until the launch of this product, the Romanian market was supplied exclusively by fuel imports. Now with Petrobrazi refinery, OMV Petrom expects 70kt of VLSFO to be produced annually, subject to production optimisation to meet demand and maximise value added.
Photo credit: OMV Petrom
Published: 17 February, 2020
The bunker player at Hong Kong and Chinese ports shares with Manifold Times what local shipping sectors went through during the early days of COVID-19 and how business is resuming.
April bunker sales results released on Wednesday caught several players, who expected volume to fall due to lower international trade and COVID-19, by surprise.
‘OTPL has a strong group of employees who have the requisite expertise and experience in ship chartering and management, which has commercial value and should be kept intact.’
Company believes market and business partners ‘likely to have greater confidence and comfort in continuing business dealings’ if placed under judicial management, says Director.
Panellists covered several marine fuel related topics including bunker fuel quality testing, COVID-2019, and long term storage of VLSFOs experienced during the first 100-day period.
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