Tag: vitol

Vitol Bunkers has completed the first delivery of B30 biofuel blend in Singapore, the first time that biofuel above concentration B25 has been delivered.

Shimad Ibrahim, the Managing Director of the State Trade Organization of the Maldives has recently signed a term sheet agreement with Vitol to establish a bunkering hub in Maldives. 

Vitol Bunkers has taken delivery of the “Marine Future”, its first specialised bunker barge in Singapore, strengthening its position in Asia’s expanding biofuel bunker market.

V-bunkers are collaborating with ZeroNorth to enhance the efficiency of the bunkering process in Singapore through digitalisation.

Vitol has began constructing a small oil refinery at its storage terminal in Malaysia, aiming to supply low-sulphur fuel for vessels. The project is expected to be completed in May 2020.  The project includes a crude distillation unit that can process 30,000 barrels per day of crude.

During the 19th International Conference & Exhibition on Liquefied Natural Gas in Shanghai, Novatek Gas & Power Asia, a trading subsidiary of PAO Novatek and Vitol S.A. announced the signing of Heads of Agreement for the supply of LNG. The agreement ensures a 15-year contract with annual supply of one million tons of LNG from the Arctic LNG 2 project as well as other Novatek’s projects.

Noble Group announced the completion of sale of its oil business to Vitol. Noble Group’s Global Oil Liquids business was primarily conducted through NAC. However, the company said that the net proceeds were lower than expected.