Gazprom Neft improves efficiency in sales of marine fuels in Q1 2019

Gazpromneft Marine Bunker, operator of the Gazprom Neft bunkering business, achieved sales of approximately 800,000 tonnes of marine fuels in Q1 2019, a 25-percent increase year-on-year, with the company maintaining its leading position as the most important oil-products supplier in the North-West and Black Sea regions, with market shares of 30 and 23 percent, respectively.

Sales of marine fuels at ports throughout Russia’s North—West Region reached 262,000 tonnes, an eight-percent increase year-on-year, the greatest growth in direct sales being focussed on Primorsk (up 74 percent), Murmansk (up 36 percent) and Arkhangelsk (up 31 percent). The proportion of environmentally friendly low-sulphur fuels, designed for use in SECA shipping zones,* reached 18.7 percent of total sales at Baltic Sea ports, totalling 45,500 tonnes.

Gazprom Neft Marine Bunker sold 115,000 tonnes of marine fuels at ports throughout the Black Sea region (Novorossiysk, Tuapse, Kavkaz, and Taman) between January and March 2019.

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 eight regional representative offices and six subsidiaries.

* SECA — Sulphur Emission Control Area — a specific maritime navigation area (including the Baltic Sea, the North Sea and the English Channel) in which vessels are required to use low-sulphur fuels.