TFG Marine forms bunkering joint venture in Oman

TFG Marine, Trafigura’s bunker fuel supply business with John Fredriksen’s Frontline and Golden Ocean Group has established a joint venture with Oman Oil Marketing Company (OOMCO).

The TFG-OOMCO jv will supply bunkers to vessels visiting Oman’s ports of Duqm, Muscat and Sohar.

The deal follows the signing of an MOU agreement between Sohar Port and Freezone and TFG Marine, last February to establish an international bunker fuel supply business.

“This is TFG Marine’s first venture in the Middle East and we look forward to serving our customers in this region, said Mark Russell, chief commercial officer at TFG Marine, adding: “Oman has a rich history as a maritime nation and is well located close to the main shipping routes connecting the Arabian Gulf and the Indian subcontinent with the rest of the world.”

Established in 2020, TFG Marine supplies over 10m metric tonnes of bunker per year across 35 hubs globally. The company has already deployed a bunker vessel the 2019-built 8,000 dwt Margherita Cosulich to Oman to supply vessels at Sohar’s deepsea port.