Iran Bunkers Boost

Iran’s products distributor NIOPDC aims to provide 4mn tons (roughly 70,000 b/d) of fuel to ships visiting Iranian ports in the current Iranian year to March 2015, according to MD Mostafa Kashkouli. NIOPDC provided 2.8mn tons of fuel worth $1.5bn in the previous Iranian year, he says. NIOPDC began bunkering in 2007 when it sold 1mn tons.

Volumes rose to 4.2mn tons in 2010 but have since collapsed due to sanctions. Iran’s bunker ports are Bandar Abbas, Kharg, Bushehr, Qeshm, Assaluyeh and Chabahar. NIOPDC is looking to expand bunkering in cooperation with the private sector.

Fujairah is the Gulf’s key bunkering hub. Trade of 24mn tons for 2012 was second only to Singapore’s 43mn tons. Total storage at Fujairah is set to top 10mn cu ms by end-2014, up from 5mn at end-2012. Supporting the expansion, Abu Dhabi’s IPIC plans a 200,000 b/d Fujairah refinery for 2020 start-up (MEES, 12 July 2013). Abu Dhabi refiner Takreer is building an oil terminal in Sharjah’s free port, to coincide with completion of its 417,000 b/d Ruwais refinery expansion at year-end. It will have 83,000 cu ms storage capacity (MEES, 6 September 2013). (CONTINUED - 212 WORDS)