Russian oil major Rosneft posted a 47% year on year rise in bunker sales volume during 2017, it said in an operations update.
It delivered 2.8 million metric tonnes (mt) of marine fuel to receiving vessels located at the main sea and river ports of Russia, including a number of foreign destinations.
“Development of the premium oil products sales channels, including jet fuelling, bunkering and bitumen segments, is among the company's priorities,” it said in the update.
“In 2017, the company's continued maintaining and extending its market share at bunkering fuel market.
“In Q2 2017, the Komsomolsk refinery and Angarsk Petrochemical Company switched from straight run fuel oil production to cracking fuel oil production, improving the market competitiveness and sales volumes to the world's largest bunkering consumers – the ocean container lines in the ports of Primorsky region.”
Overall, Rosneft recorded a daily liquids production rate of 4.55 mmboe (million barrels of oil equivalent) in Q4 2017. The company produced a total 225.5 mmboe of liquid hydrocarbons in 2017, up by 7.6% on year.
Total fuel oil production in 2017 was 23.04 million mt, up by 1.7% when compared to production of 22.65 million mt in the year before.
The company posted net profit of $3.8 billion in 2017, an increase of 40.7% from net profit of $2.7 billion in 2016.
Photo credit: Rosneft
Published: 20 March, 2018
MPA working on twin goals of developing Singapore as an International Maritime Centre and a leading Centre for Green Finance in Asia, says Chief Executive.
ARA fuel oil and gasoil stocks drawn massively in 2022; bad weather could disrupt bunkering in Las Palmas; fuel availability normal in South African ports.
Company recorded net profit of $127.7 million in 2018 compared to net loss of $170.2 million in 2017.
Event provides a further display of methanol’s suitability as a marine fuel, permitted within IMO’s IGF Code with full Flag State and Class Society approval.
Director Evan Lim said OTPL was exposed to USD 2.67 billion whereas EY found these claims amounted to USD 984 million, reports The Business Times.
Candidate responsible for optimal bunker planning, fuel requisition to meet fleet operational needs.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
