Global Arab Network | Russia-based Gazprom fuelling shipping lines at Djibouti Free Zone

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Russia-based Gazprom fuelling shipping lines at Djibouti Free Zone

Global Arab Network - - Mohammed Almasri

Saturday, 19 June 2010 11:16

Djibouti - Economic Zones World (EZW) announced that Gazprom Neft Marine Bunkering Limited, a subsidiary of Russian gas giant, Gazprom Energy, has established a base at Djibouti Free Zone (DFZ). The move comes as part of the multinational energy major's expansion strategy. Managed by Jafza, the flagship company of EZW, the Djibouti Free Zone is a gateway to East Africa and one of the single most important strategic logistics hubs to provide access to strategic markets in East and Central Africa and beyond.

DFZ offers a unique Jafza-inspired business environment and located close to global marine terminal operator, DP World's Djibouti and Doraleh terminals which attract leading international shipping lines including Maersk and MSC among others.

Gazprom through its local subsidiary Djibouti Bunkering Company FZCO plans to sell marine fuel to these shipping lines. The company has two storage tanks with a storage capacity of 9300 cubic meter and a barge in the marine oil terminal Doraleh. The company is awaiting quality control approval for its Floating Barge and expects to commence operations by June end.

Ali Dawood, Senior Vice President, EBU (Emerging Business Units), Economic Zones World and Chief Planning Officer, UAE Region said: "Djibouti Free Zone, like Jafza, our flagship operation in Dubai, is fully committed to support Gazprom's growth plans on the African continent.. DFZ is a strategically located gateway linking free zone based companies to millions of customers in key markets in Africa and worldwide." Andrey Vasiliev, Director General, Gazprom Neft Marine Bunker Limited said: "Gazprom Neft intends to deliver first class bunkering service to the marine industry in the region which will further develop and strengthen our business relations with Djibouti and the continent." Gazprom is one of the world's largest energy companies and owns a pipeline network of 155,000 kilometres, the largest in the world. The company has subsidiaries in many different industry sectors including geological exploration, production, transportation, storage, processing and marketing of hydrocarbons as well as generation and marketing of heat and electric power.

Djibouti Free Zone is currently home to some 100 leading regional and global companies including BMMI, SDV Bollore, and Seven Seas, among others. It has emerged as one of Africa's leading trading and distribution hubs. The strategic location of the free zone allows companies located in DFZ to serve 380 million people in 19 countries in East and Central Africa.

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