As products supply continues to skyrocket and refining and production infrastructure grows in the Middle East, Alaska International plans to build more capacity for Class A products
Escalating demand for petroleum, distillates and fuel oil, coupled with a surge in oil production and additional refineries in the Middle East, is creating a solid growth foundation for Alaska International.
International energy trading company Renish Group acquired the Hamriyah-based facility in the UAE in 2013 with just 60,000 m3 of capacity for petroleum products. In just a few years the company quickly expanded capacity to 125,000 m3 spread across 22 tanks, which can serve local and regional demand for base oil, bitumen, fuel oil and gas oil.
The acquisition was part of the company’s long-term vision to acquire margins at every stage of the supply chain. ‘Alaska International is not just a storage
point but it also helps in blending, making bulk, and breaking bulk of cargoes, all of which play a...