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PetroChina enters agreement to support Guangzhou “super bunkering hub” plan

08 Mar 2022

The following article published by Manifold Times on 8 March was sourced from China’s domestic market through a local correspondent. An online translation service was used in the production of the current editorial piece:

State-owned PetroChina on Thursday (3 March) said it has signed a strategic cooperation agreement with several parties increase the regional bonded bunkering volume of the Guangdong-Hong Kong-Macao Greater Bay Area.

The agreement was signed by Zhang Jun, Executive Director and Secretary of the Party Committee of International Business at PetroChina, at the Guangzhou International Voyage Vessel Bonded Oil Bunkering Launch Event and International Oil Merchant Cooperation and Development Conference on 28 February.

The bonded bunker fuel supply market in Guangdong Province has broad prospects, according to Zhang Jun.

The Guangdong-Hong Kong-Macao Greater Bay Area has the world’s largest seaport group and airport group, and Guangdong province’s accounts for about 7.3% of China’s bonded ship fuel supply market.

On 18 February, the “Guangzhou Interim Measures for the Administration of Bonded Bunkering of Ships on International Voyages” was officially released, marking the official launch of Guangzhou’s pilot program for the right to undertake bunkering for ships on international voyages.

The direct supply of bonded oil is carried out throughout the province, and PetroChina intends to support new development opportunities as a resource supplier, said Zhang Jun.

PetroChina will firmly support the geographical advantages of the Guangdong-Hong Kong-Macao Greater Bay Area and make good use of the preferential policies of the relevant free trade zones to provide improved bunkering services to its customers to support Guangzhou’s ambition for the development of a “super” bunkering hub in the Greater Bay Area.


Photo credit: PetroChina
Published: 8 March, 2022

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