With the base load of our downstream system requirements in the East Mediterranean market for low and high octane grades, B.B. Energy has been actively trading this cut of the barrel. Our network of offices gives us the opportunity to procure the most economical barrel whether it is in the Mediterranean region or as far as South America and Asia. This base load is complemented by established term sales contracts in the Red Sea, in addition to frequent spot supplies and purchases in this strategic trading region, while playing a swing supplier either to the American or Asian Market.
We use this region as a hub for our trading activity in East Africa. The trading book is further enhanced by our long and established presence in the Arab Gulf, where we have been supplying National Oil Companies on term and spot basis respectfully, and have procured term barrels from this strategic region for several years through companies with which we have been associated.
Gasoline blending operation is a future goal of the company.