Glencore is a major producer and marketer of over 90 commodities with industrial and marketing activities supported by a global network of more than 90 offices located in 50 countries. Originally a trading house, it diversified in 1987 and has since grown to dominate the raw materials market. Its marketing operations in crude oil, refined products and natural gas are supported by a substantial shipping portfolio and access to a wide range of logistics, storage and investments opportunities.
Tema Fuel Company is the operator of a tank farm Joint Venture between Fueltrade Limited and Glencore Energy UK Limited. The tank farm, commissioned in September 2013, has the following key features:
Capacity: 40,000 MT Gasoil, 40,000 MT Gasoline and 4,000 MT LPG.
Using 5 tanks for bulk fuel products and another 5 for LPG allows for simultaneous receipt and dispatch of products.
9 loading gantry bays across all three products with 1 Billion Litres throughput per month capacity.
The entire tank farm is fully automated from process control to order fulfillment, underpinned by some of the most stringent process safety implementations globally available.
Lukoil and Aker Energy are Fueltrade's Upstream partners. Fueltrade currently co-owns the Deepwater Tano Cape Three Points License, offshore Ghana. Seven discoveries have been made in this License and we are currently working towards field development with first oil expected by end 2021.