14.6 C
Hamburg
Saturday, June 7, 2025
Home Rates & Surcharges Romania’s OMV Petrom launches VLSFO product

Romania’s OMV Petrom launches VLSFO product

Romania’s OMV Petrom launched sales of VLSFO when its Petrobrazi refinery reopened following a two year €3 (US$3.25) million upgrade.

The company supplied its first vessel with low sulphur fuel at the end of last year and will reduce the country’s reliance on imported fuels.

“Up until the launch of this product, the Romanian market was supplied exclusively by imports. From now on, at the Petrobrazi refinery, at least 70,000 tonnes of marine fuel oil with low sulphur content can be produced annually, subject to production optimisation to meet demand,” said the company.

Meanwhile, oil prices have stagnated with growing fears over the global economy and, in particular exports from China.





Latest Posts

Port of Long Beach appoints new managing director of engineering services

The Port of Long Beach has appointed Suzanne Plezia, P.E., as its new Managing Director of Engineering Services, succeeding Sean Gamette, P.E., who announced...

DP World and J.P. Morgan launch partnership

DP World Trade Finance has joined forces with J.P. Morgan to enhance access to working capital across emerging markets, addressing the persistent global trade...

Red Sea shipping traffic rebounds as Houthis limit targets

Red Sea maritime traffic has increased by 60% to approximately 36–37 vessels per day since August 2024, as Reuters reported. However, it still falls short...

CMA CGM applies new surcharge from Far East to West Africa

French ocean carrier CMA CGM has announced a peak season surcharge (PSS) for shipments from Northeast Asia, Southeast Asia, China and Hong Kong &...

China to counterbalance Panama setback through South America projects

As geopolitical tensions deepen and shipping lanes become politicized battlegrounds, China is recalibrating its approach to the Western Hemisphere. The recent retreat of CK Hutchison...
error: Content is protected !!