Chemoil-Adani Begins Indian Fuel Supply Ops

Wednesday, January 21, 2009

Chemoil announce that its joint venture with Adani Enterprises has started supplying marine fuel in India. The service is led from Mundra Port, the largest private port in India located in the western state of Gujarat. The commencement of operations marks Chemoil as the first international bunker supplier to have officially entered the Indian market.

Besides Mundra, supplies will also be made at the following ports of Gujarat: Kandla, Sikka, Jamnagar and Bedi. The supply infrastructure based at Mundra Port is owned and operated by the Adani Group, with storage terminal facilities leased from the Mundra Port Special Economic Zone. There is currently an aggregated capacity of 90,000 cubic meters (cbm) that is available for fuel products storage, which can be increased to 120,000 cbm in line with market demand. Additionally, the port’s upgrading program to develop infrastructure and expand capacity is currently in progress.

Chemoil-Adani’s product offerings will include IFO 380 cst (RMG 380), IFO 180 cst (RME 180) and MGO (DMA). Fuel deliveries at Mundra will be made via pipelines to all 12 berths, while supplies to the other ports will be via a combination of Adani-owned and chartered barges – AEL 1, KAMAL XXI, HOPE ISLAND 1 and HOPE ISLAND II. All fuels sold comply with ISO8217:2005 and Marpol Annex VI.

(www.chemoil.com)

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