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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

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