Marubeni is importing/exporting a variety of petroleum products like Crude Oil, Fuel Oil, Naphtha, Mogas etc. into/from Indian customers such as IOC, HPCL, BPCL, MRPL, Reliance, Essar and so on.
Bunker Fuel Oil Trading
Marubeni is supplying bunker fuel oil to major Indian ship owners at main bunkering ports over the world.
Marubeni has transacted LNG sales/purchase contracts with GAIL, Reliance in the past and has been exploring business with other Indian importers like GSPC, Petronet, IOCL and BPCL etc. as well.
In the field of Oil & Gas development, Marubeni is the only Japanese company participating in Oil & Gas development project in India, having 12.5% of equity in Ravva Oil & Gas Development project through Ravva Oil (Singapore) PTE LTD, which is a wholly owned subsidiary of Marubeni group since 1994. The other equity holders are Cairn India Limited (22.5% operator),ONGC(40%)and Videocon(25%). The Ravva Oil Field is located off Kakinada, the east coast of India, and the joint venture is now producing crude oil and natural gas sold to Government nominees (PSUs) domestically.