Fuel oil
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Fuel oil
Fuel oil, which is the residue from distilling crude oil during the refining process, refers to a range of the least volatile and heaviest of the commercially used fuels.
Some 10% of fuel oil produced is used to power large ships. A further 15% is used for heating and the remainder is used by refineries as feedstock for further upgrading.
GIPIC serves the marine fuel bunkering market through long-term partnerships with fleet owners, distributors and bunkering companies.
We add value for our fuel oil customers in numerous ways. We also use our expertise and market reach to help sellers optimise the value of their streams.
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Other Services
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