Middle East News

Saudi Aramco’s trading arm, Aramco Trading Company (ATC), has signed a deal with Egypt’s SUMED to provide 222,000 cubic metres (cbm) of gasoil storage capacity in Sidi Kerir.

Søren Emil Dam took up his new role as bunker trader and team leader at Dan-Bunkering (Middle East) DMCC on 1 February.

Ecoslops and the Suez Canal Economic Zone have reported that they have ‘taken another step’ forward in the plan to set up a facility in Egypt’s Port Said for the collection, reception and treatment of maritime oil waste.

The $2.5 billion deal gives the Austrian oil and gas group an interest in ADNOC’s large refinery complex, which is well-positioned to supply IMO 2020-compliant bunker fuel.

Rosneft is set to take over the management of an oil products storage terminal in Tripoli, the second largest city in Lebanon and the main port in the north of the country.

The bunker hub ‘is ready to supply whatever the market needs, and from my experience all the skills are there,’ says Cockett Marine Oil spokesman.

The bunker hub’s decision follows on from the Port of Singapore’s ban announced last November, leaving shipowners who have opted for open loop exhaust gas cleaning technology to comply with IMO 2020 wondering about the wisdom of their investments.

ADNOC Logistics & Services (ADNOC L&S), the marine and logistics subsidiary of the Abu Dhabi National Oil Company (ADNOC), has reduced fuel consumption and carbon emissions by 23% across a fleet of 27 vessels as a result of an energy efficiency drive.

A terminal on Iran’s Qeshm Island in the Strait of Hormuz is set to start bunkering operations next month, according to local sources.

The document issued by the UAE Federal Transport Authority highlights the requirement for vessels registered in listed states to be classed by a class society that is a member of IACs or with the UAE class society, Tasneef.