Gazprom Neft increases sales of marine fuels at sea ports throughout North–West Russia

«Gazpromneft Marine Bunker», operator of the Gazprom Neft bunkering business, sold 556,000 tonnes of marine fuels throughout North—West Russia in 1H 2018 — a 7.5-percent increase year-on-year, with the company further strengthening its position as the leading supplier of oil products in the North—West Federal District, increasing its market share to 30 percent.

The greatest sales increases were seen in the ports of Kaliningrad and Baltiysk (up 38 percent), Archangelsk (up 32 percent) and Murmansk (up 14 percent).

1H 2018 results show Gazpromneft Marine Bunker increased sales of environmentally friendly low-sulphur fuels at ports within the MARPOL Baltic Sea Special Area (St Petersburg, Ust-Luga, Primorsk, Kaliningrad and Baltiysk) by 39 percent, to 100,800 tonnes.* The proportion of low-viscosity on-board-machinery fuels with sulphur content of less than 1,000 ppm increased to 18 percent of the company’s total portfolio (up four percent on 2017).

Andrei Vasiliev, CEO, Gazpromneft Marine Bunker, commented: “The implementation of strategic projects to develop the Russian Arctic, and increasing freight transportation on the Northern Sea Route, are resulting in significant sales growth in the North—West region. We are unambiguously meeting our obligations under current contracts and agreements for bunkering high-tonnage and support vessels. Added to which, our productive and technological capacities mean we can guarantee new clients high-quality products and service levels.”

A further priority target area in Russia also saw increased sales of marine fuels, with the Black Sea ports seeing sales of oil products reaching 242,000 tonnes (up 11 percent) in the face of an overall reduction in market capacity of 1.3 percent.

Reference

Gazpromneft Marine Bunker is a subsidiary of Gazprom Neft created in 2007 for providing year-round marine fuel and lubricant supplies for sea and river vessels. The company comprises seven regional representative offices and six subsidiaries and has a presence at all of Russia’s leading sea ports.

MARPOL — the “International Convention for the Prevention of Pollution from Ships”. An amendment to the main treaty in early 2015 introduced a further regulation governing the permissible amount of sulphur in marine fuels used in vessels covering Sulphur Emission Control Areas (SECA, covering shipping zones including the Baltic Sea, the North Sea and the English Channel, where vessels are required to switch to low-sulphur fuels).