Gulf Petrochem Group opens new Dubai office in line with regional growth plans
Gulf Petrochem Group, a leading player in the oil industry, has announced that it has opened a new office in Dubai to capitalize on the UAE's vast market opportunities. Located in the Silver Tower of Jumeirah Lake Towers in Dubai, the new address will strengthen the Group's expansion efforts regionally and internationally and serve as the trading hub for Gulf Petrochem Group. The office will mainly trade in light, middle distillates (gasoline, gasoil and naphtha) and residue oils (fuel oil, base oil and bitumen). As an extension of fuel oil trading, the company will also undertake bunkering of marine vessels with road tanker wagons and barges in UAE ports. Gulf Petrochem already has its headquarters in Hamriyah, Sharjah and expects to further increase its local operations and market reach via its new Dubai office.
"Dubai is the Arabian Gulf's recognized business hub so our presence in the emirate will enable us to better attract and pursue opportunities in the UAE and throughout the region. While we are aggressively expanding towards Asian and other global growth markets, the Gulf remains a top priority and our Dubai office reaffirms our commitment to our regional base," said Sanjeev Sisaudia, Group Chief Executive, Gulf Petrochem Group.
Gulf Petrochem Group had recently named three new trading officials in major Asian markets and started its office in Geneva to kick start its European operations. During its participation at the 2011 Tank Storage Asia expo and conference in Malaysia, the Group reaffirmed its willingness to share its Gulf expertise to Asian and global oil players.
Gulf Petrochem Group is a leading player in oil space, specializing in Oil Trading & Bunkering, Oil Refining, Grease Manufacturing, Oil Storage Terminals, Bitumen Manufacturing, and Shipping & Logistics. It operates a 60,000 cubic meters facility in Hamriyah Free Zone, Sharjah capable of storing various grades of oils and owns three vessels with a combined capacity of 17,000 cubic meters to service bulk shipments.
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For further information, please contact:
Orient Planet PR & Marketing Communications
Tel: +971 43988901
Fax: +971 43988941
P.O. Box 23345, Dubai, UAE
Email: media@orientplanet.com
Website: www.orientplanet.com
© Press Release 2011, 22 December
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