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Tue 3 May 2011, 12:31 GMT

Island Oil, Gulf Fuel in regional tie-up

London based Gulf Fuel PLC has announced that Island Oil Ltd, member of Island Oil(Holdings) Ltd. will be the Groups Representative in Cyprus, Greece, Romania and Ukraine, while Gulf Fuel will act as Island Oils representative in the UK & U.A.E.

Commenting on the agreement, Gulf Fuels Chief Executive Officer Shazad Chohan stated, "It is with great pleasure, that we welcome Island Oil on board and we look forward to a long and successful relationship. Gulf Fuel Group understands that local contact and customer service is vital in today's market, and through Island Oils expertise in the supply and trade of marine and domestic fuels, we are positioned to provide the high level of service our clients and partners expect from us."

Chrysostomos Papavassiliou, Managing Director of Island Oil commented: "Understanding local culture and needs, is essential to sustain long term success and Gulf Fuel understands the importance of having local representatives. We are looking forward to a close collaboration with Gulf Fuel."

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