Iran Bullish on Qeshm Bunkering Facility, Again

Wednesday January 16, 2019

Iran has high hopes for its bunkering facility on Qeshm island, with operations said to begin by next month and provide a challenge to neighbour and key global market Fujairah.

Similar bullish comments were made two years ago.

But in comments Wednesday, as reported by local media, the head of the Islamic Republic of Iran Shipping Lines (IRISL) urged the country to back its bunker business.

"The government, the ministry of petroleum and the Ports and Maritime Organization of Iran should help develop this lucrative and productive industry," IRISL Managing Director Mohammad Saeedi was quoted as saying.

"In this regard, we need more cooperation from the ministry of petroleum. Our oil products should not go the UAE and for fuel, Iranian vessels should be supplied by our own storage sites."

Iran has had aspirations of a buoyant bunker business on Qeshm Island for a number of years.