The Company provides bunkering for ships at all key sea and river ports in the Russian Federation (20 sea and 14 river ports). At present, Gazpromneft Marine Bunker has the most extensive geographical operations in Russia among all domestic bunkering companies. The Company’s clients include major Russian and foreign shipping companies. Besides Russia, the Company provides bunkering at the ports of Constanta (Romania), Riga (Latvia), and Tallinn (Estonia). The Company’s fleet consists of eleven bunkering tankers.Key focuses for developing the Company’s bunkering business in 2017:
- the release of the new eco-friendly product TSU-80 produced by the Omsk Oil Refinery to the market to comply with legislative requirements on the sulphur content of marine fuels;
- provision of bunkering for vessels as part of projects being implemented by Gazprom PJSC, including vessels involved in the construction of Turkish Stream as well as offshore projects in the Arctic, the Sea of Okhotsk, and the Black Sea.
The bunkering market in Russia expanded by 2.5% compared with 2016. The Company’s share of the Russian market was 16.6% in 2017.
The 14.6% increase in the total volume of ship fuel sales compared to 2016 resulted from a twofold increase in exports and sales in non-CIS countries. Premium sales of marine fuel amounted to 2.7 million tonnes in 2017, a decrease of 2.2%, or 60,000 tonnes, versus 2016. The decline in premium sales primarily resulted from reduced business in the Far East since negative market factors made this region unprofitable for supplies. The remaining fuel was distributed to more high-margin regions such as northwest Russia and the Black Sea. Furthermore, the decrease in sales was partially offset by a revival in sales on inland waterways.