Crude is the essence of the oil industry. It is from this base that B.B. Energy launched itself into oil trading since 1969 by signing its purchase contract of Syrian Soueidie crude followed by Libyan, Iraqi, Egyptian and Saudi crude.
Currently, B.B. Energy trades mostly on term and spot basis from our established markets in the Arabian Gulf, the Red Sea and the Far East.
Most of our activity is in the sour grades, which are sourced against term supply contracts and offered against tenders or to refineries on direct sale, processing or buyback products. When all the new refinery capacity comes on stream in the Asia Pacific region, we will be looking to increase our involvement in the crude market in order to take advantage of new opportunities and better serve our expanding customer base.