Gazpromneft Marine Bunker approves development strategy till 2020
BOD of Gazprom Neft OJSC has approved the strategy for development of Gazpromneft Marine Bunker LLC till 2020, the company informs.
The main task set by the company is to develop it own port infrastructure comprising bunkering terminals and fuelers and to occupy 30% of Russia’s bunkering market by 2020.
Production of bunker fuel complying with international standards is to be raised to 4.2 million tonnes. Total investments into bunkering business of Gazprom Neft is to make $220 million till 2020.
Gazpromneft Marine Bunker LLC was set up in October 2007. The company is to ensure guaranteed, efficient, round-the-year supply of oil products (heavy fuel oil, bunker, lubes). By 2010, the company plans to handle 1.6 million tonnes per year.
In the first half of 2008, Gazpromneft Marine Bunker sold 260,000 tonnes of fuel.
Major regions of the company’s activities are St. Petersburg, Novorossiysk, Murmansk and Far Eastern ports.
The program of bunkering business development worked out by Gazprom Neft OJSC will make it possible to increase the share of retail sales via the company’s own network and ensure additional income from retail trading.