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Gulf Petrochem Group, a leading player in the oil industry, has announced that it plans to supply bunker fuel at Khor Fakkan and Jebel Ali.

With this expansion in its bunkering activities, the company aims to increase its foothold in the bunker market. Gulf Petrochem India Pvt Ltd, a subsidiary of Gulf Petrochem FZC has already entered India’s marine fuels market as a physical supplier at the port of Gujarat.

Sanjeev Sisaudia, Group CEO, Gulf Petrochem, said: “Our plan to enter Khor Fakkan and Jebel Ali as physical bunker suppliers is testament to the company’s commitment to satisfy the growing requirements of our regional and global clients. The upcoming inauguration of the new Fujairah Oil Terminal will be an important step in realizing our expansion drive as it will significantly expand our capacity and enable the company to cater to a much broader customer base in the region. Gulf Petrochem’s mission to fortify its stronghold as a leading player in the oil space is fast gaining momentum.”

The company has invested over USD 130 million to build the Fujairah Oil Terminal, which is expected to start operations in October 2012 with an initial capacity of 412,000 cubic meters.

Gulf Petrochem has emerged as a fast-growing group, expanding into various areas of the oil industry. It currently operates six strategic business units; Oil Trading & Bunkering, Oil Refining, Grease Manufacturing, Oil Storage Terminals, Bitumen Manufacturing, and Shipping & Logistics.

Headquartered in UAE, the Group has offices in Dubai, Singapore, Mumbai and Geneva. It has refining and storage facilities at Hamriyah, Sharjah in UAE. Gulf Petrochem’s bulk shipments are serviced by three owned vessels.