Message from the Managing Director
Major investment in offshore and onshore oil projects, as well as the development of new gas fields and downstream expansion, makes the UAE a focal point of activity in the region, with billions of dollars' worth of projects underway. The GCC petrochemicals industry has been growing on a CAGR of 8 percent over the past five years increasing from 37.2 in 2008 to 67.6 million tons by the year 2014, according to industry reports. Petrochemical products manufactured in the GCC amounted to 80 percent of the region's product portfolio in 2014, according to GPCA estimates. With rapidly increasing demand, the region's petrochemicals sector projects a huge potential.
With well established sourcing and supply network across Middle East, Kosmo Fuel has been privileged to be part of the rapidly growing petrochemical trading sector. Kosmo Fuel with its niche technical expertise, experienced professionals, international collaborations and state of the art infrastructure has in a short span established itself as a market leader. Today it is a trusted name in domestic and international petrochemical trading, catering to the requirements of a fast expanding clientele in varies sectors such as oil and energy, industrial, construction, marine and automobile industries.
Banking on our domain expertise, partner network and market knowledge, Kosmo Fuel is expanding its portfolio in petroleum and petrochemical retail and wholesale trading, as well as off-shore and on-shore bunkering. The company is also diversifying its operations in newer areas such as lubricant manufacturing
I take this opportunity to express my gratitude to the Government of UAE for its commitment and impetus, various partners and associates who have helped us in journey so far.
We look forward to scaling new heights through more collaboration and partnership across the Middle East.