Qatar state-owned oil company Qatar Petroleum (QP) says it intends to start a fuel oil bunkering service in Qatar, according to Reuters.
The development was due to a ban of QP vessels from using Fujairah as a bunkering location following the 2017-18 Qatar diplomatic crisis, says Saad Al-Kaabi, Chief Executive of QP.
The 2017-18 Qatar diplomatic crisis began when several countries abruptly cut off diplomatic relations with Qatar in June 2017.
These countries included Saudi Arabia, United Arab Emirates, Bahrain, Mauritania, and Egypt. The severing of relations included withdrawing ambassadors and imposing trade and travel bans.
"It was the best stress test we can have for our system to show whether we are really up for a challenge," Al-Kaabi told Reuters in an interview.
"When the blockade happened we had a business continuity plan in every company."
Photo credit: Qatar Petroleum
Published: 9 May, 2018
Development mainly attributable to the right strategy of expanding products line to bunker marine fuel oil, and acquisition of two additional bunker tankers.
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