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Aegean Aims to<br />
Develop Bunker<strong>in</strong>g<br />
with New Clients<br />
<strong>in</strong> the Port of<br />
Barcelona<br />
Bυ Jean Jose Metey | Director, Corporate Development<br />
In the beg<strong>in</strong>n<strong>in</strong>g of August, Aegean Mar<strong>in</strong>e Petroleum<br />
announced the sign<strong>in</strong>g of a def<strong>in</strong>itive agreement with Meroil,<br />
a Barcelona-based oil and energy logistics company, to<br />
secure onshore fuel oil storage capacity <strong>in</strong> the term<strong>in</strong>al.<br />
Meroil tanks<br />
Aim<strong>in</strong>g to <strong>in</strong>crease sales <strong>in</strong><br />
Barcelona by br<strong>in</strong>g<strong>in</strong>g its<br />
own clients, Aegean plans to<br />
establish <strong>in</strong> Barcelona a new Aegean<br />
service center and commence physical<br />
supply bunker<strong>in</strong>g operations <strong>in</strong><br />
Barcelona by the first quarter of 2013.<br />
The port of Barcelona serves as a<br />
key transportation hub located along<br />
major seaborne trade routes, total<strong>in</strong>g<br />
approximately 10,000 transits per<br />
year and generat<strong>in</strong>g approximately<br />
1.2 million metric tons of annual mar<strong>in</strong>e<br />
fuel sales. The port, which also<br />
benefits from extensive cruise passenger<br />
travel, is currently undergo<strong>in</strong>g<br />
a modernization and expansion<br />
plan headed by the Barcelona Port<br />
Authority that is expected to substantially<br />
<strong>in</strong>crease the port's capacity<br />
upon completion <strong>in</strong> 2014.<br />
The onshore fuel oil storage capacity<br />
secured by Aegean will have<br />
enough capacity to handle the Barcelona<br />
bunker market <strong>in</strong> the years<br />
to come. Complement<strong>in</strong>g its access<br />
to this onshore storage <strong>in</strong> the port of<br />
Barcelona, Aegean <strong>in</strong>tends to provide<br />
retail bunker<strong>in</strong>g services to all major<br />
shipp<strong>in</strong>g sectors as well as lead<strong>in</strong>g<br />
cruise l<strong>in</strong>es, <strong>in</strong> port and at anchorage.<br />
All grades of Mar<strong>in</strong>e Fuel Oil and<br />
Mar<strong>in</strong>e Gas Oil 0.1 % will be available<br />
at standard ISO specifications.<br />
Our operation will <strong>in</strong>clude major approved<br />
barge deliveries <strong>in</strong> port and at<br />
designated anchorage positions, on a<br />
24-hour basis, 7 days a week.<br />
AUTUMN 2012 AEGEAN NEWS 13