Petroleum products

Crude Oil. Halcyon trades and brokers various types of crude oil from concession and allocation holders to refining groups and major trading houses. Product is mainly obtained from West Africa and the CIS, though new strides have been taken to secure product for refineries through producers in the Middle East and North Africa.

Refined Products. The group’s main focus is on the trade of Gasoil and Fuel Oil, which are two of the most abundant and sought after products. Cargoes are currently purchased from Europe, the CIS and the GCC Countries to supply client requirements.

Current Operations:

• Gasoil cargoes are being shipped from the CIS (Russia and Turkmenistan) to Europe and West Africa.

• Cargoes of Gasoil and Gasoline are being supplied from Turkmenistan and GCC countries to the Persian Gulf area. Storage tanks are being leased for the blending of products for local markets in Iraq and UAE.

• High Sulphur Fuel Oil is being delivered from GCC Countries to India, Pakistan, Singapore and China.

• Bitumen and Sulphur are being shipped from Russia and Iran to India.

Refinery - The group also has a license to construct a refinery in Hamriyah, UAE and is currently in the feasibility stage of this endeavor. The refinery will process 20,000bpd heavy crude, and refined products will be delivered to the local market.