Geneva-based marine fuel supply and procurement joint venture TFG Marine has established a bunker fuel joint venture with Oman Oil Marketing Company (OOMCO) to supply vessels visiting Oman’s ports of Duqm, Muscat and Sohar.
TFG Marine said the newly bunker fuel supply joint venture, TFG-OOMCO LLC, incorporated in Oman, will combine the local knowledge of OOMCO with the international footprint, sourcing of all grades of marine fuels, infrastructure and logistics capability of TFG Marine.
To remind, TFG Marine is a joint venture between physical commodity trading company Trafigura Group Pte and ship owning companies Frontline Ltd and Golden Ocean Group Ltd.
Mark Russell, chief commercial officer, TFG Marine said: “This is TFG Marine’s first venture in the Middle East and we look forward to serving our customers in this region. Oman has a rich history as a maritime nation and is well located close to the main shipping routes connecting the Arabian Gulf and the Indian subcontinent with the rest of the world.”
The announcement follows the signing of an MOU agreement between SOHAR Port and Freezone and TFG Marine, to establish an international bunker fuel supply operation.
The port is strategically located at the city of Sohar, Sultanate of Oman, close to the main shipping routes connecting the Gulf and the Indian subcontinent with the rest of the world.
TFG Marine’s has already deployed the bunker vessel Margherita Cosulich to the region to supply vessels at SOHAR’s deep-sea port, as TFG Marine said in its release on Jan. 16.
“This partnership aligns with Oman Oil Marketing Company’s efforts to develop the maritime transport and shipping infrastructure in Oman, which is in alignment with the objectives Oman Vision 2040,” pointed out Tarik Al Junaidi, the CEO of Oman Oil Marketing Company.
