TFG Marine forms bunkering joint venture in Oman
TFG Marine, a prominent bunker fuel supply business, has recently made significant strides in the Middle East. This joint venture with Oman Oil Marketing Company (OOMCO) marks a pivotal moment for TFG Marine as it seeks to enhance its presence in the region. The collaboration aims to supply bunker fuel to vessels visiting key Omani ports, including Duqm, Muscat, and Sohar. This development is not only a strategic move for TFG Marine but also highlights Oman’s growing importance in the maritime industry.
Strategic Partnership with Oman Oil Marketing Company
The establishment of the TFG-OOMCO joint venture is a result of a Memorandum of Understanding (MOU) signed between Sohar Port and Freezone and TFG Marine last February. This agreement laid the groundwork for creating an international bunker fuel supply business in Oman. Mark Russell, the Chief Commercial Officer at TFG Marine, expressed enthusiasm about this venture, stating, “This is TFG Marine’s first venture in the Middle East, and we look forward to serving our customers in this region.”
Oman’s strategic location is a significant advantage. It sits close to major shipping routes that connect the Arabian Gulf and the Indian subcontinent to the rest of the world. This geographical benefit positions Oman as a vital hub for maritime activities. The joint venture aims to leverage this advantage by providing reliable and efficient bunker fuel services to vessels operating in these busy waters.
TFG Marine, established in 2020, has quickly made a name for itself in the industry. The company supplies over 10 million metric tonnes of bunker fuel annually across 35 global hubs. With the deployment of the bunker vessel, the 2019-built 8,000 dwt Margherita Cosulich, TFG Marine is ready to commence operations in Oman’s Sohar deep-sea port. This vessel will play a crucial role in ensuring that vessels receive the necessary fuel to continue their journeys.
TFG Marine’s Commitment to the Maritime Industry
TFG Marine’s expansion into Oman is a testament to its commitment to the maritime industry. The company aims to provide high-quality bunker fuel while ensuring that its operations are environmentally responsible. As the maritime sector faces increasing scrutiny regarding its environmental impact, TFG Marine is dedicated to adopting sustainable practices.
The partnership with OOMCO will enable TFG Marine to tap into Oman’s rich maritime history. The country has long been a significant player in maritime trade, and this venture aims to revitalize and enhance its role in the global shipping industry. By supplying bunker fuel to vessels in Oman, TFG Marine is not only contributing to the local economy but also supporting the broader maritime community.
TFG Marine’s joint venture with Oman Oil Marketing Company represents a significant milestone in the company’s growth strategy. With a focus on quality service and sustainability, TFG Marine is poised to make a lasting impact in the Middle East’s maritime sector. As the company continues to expand its operations, it remains committed to serving its customers and contributing to the development of the maritime industry in Oman and beyond.
