GU

Gulf Petrochem

verified

Dubai-based group in oil trading, bitumen, lubricants and petroleum storage

About Gulf Petrochem

Gulf Petrochem is a Dubai-based business group involved in petroleum products. Its activities have included oil trading, bitumen manufacturing and supply, lubricants, bunkering and storage terminals.

Bitumen is a sticky petroleum product used mainly in road construction, as the binder in asphalt. Demand is driven by road building and maintenance across the Middle East, Africa and Asia.

Oil trading involves buying and selling petroleum products such as fuel oil and diesel, often moving cargoes between refineries and markets.

Bunkering means supplying fuel to ships, a major business in the UAE given the large number of vessels passing through its waters, particularly around Fujairah.

Storage terminals hold petroleum products for traders and companies, providing flexibility in when and where products are sold.

Dubai has become a hub for energy trading companies, thanks to its location, financial services and logistics infrastructure.

Commodity trading businesses face volatile prices and depend on careful risk management, financing and logistics to operate profitably.

Startups UAE lists Gulf Petrochem among Dubai's energy trading companies.
account_circle Login to save startups & apply
Login Register