| Established in 1998, Gulf Petrochem is a UAE-based Oil & Trading company with a turnover of US$ 350 million at the close of 2010. Gulf Petrochem deals into various petroleum products and petrochemicals. Company has ventured into various businesses in the form of six SBU’s: Refinery, Grease Manufacturing, Oil Storage Terminals, Oil Trading, Bunkering and Shipping. In Hamriyah Free Zone, Sharjah-UAE it has two refineries with joint capacity of 450 cubics per day, Grease manufacturing facilities with a capacity of 66 cubics per day and Oil Terminal having 14 tanks with a total capacity of 35,000 cubics. Trading offices are located in UAE, Singapore and India. For its future growth, Gulf Petrochem is strongly investing into Construction of Oil Terminal in Fujairah-UAE with phase-1 storage capacity of 412,000 cubics, and Oil & Gas Terminal at Pipavav port of Gujarat-India, with storage of capacity 300,000 cubics. With strategic growth and expansion, Gulf Petrochem is poised to cross US$ 1 billion mark by 2015. |
