Gulf Energy Maritime (GEM) is one of the leading commercial product and chemical tanker companies in the Middle East, providing high standards of safety and quality in its marine transportation and operations in the energy markets across the world.
Established in 2004, Gulf Energy Maritime (GEM) is a leading independent product and chemical tanker company with a primary objective to maintain high standards of safety and quality in ship construction, operation and management. Its tankers are designed to carry high-quality of petroleum products, chemicals and other hydrocarbons.
With a 30.5% stake by Mubadala, GEM is headquartered in Dubai, United Arab Emirates and has a highly selective customer base which includes Glencore, BP, Oman Methanol Company, Vitol, Trafigura, Shell, ENOC, and many others.
GEM currently owns and manages a fleet of 19 trading ships, having grown from owning just two ships in 2004, making it the Middle East's largest private, independent commercial energy transporter.
The fleet ranges typically from 37,000 to 75,000 dwt spread across different vessel classes with 8 Panamax, 3 Handysize and 6 MR vessels. Its most recent acquisitions are two new Aframax vessels from Samsung Heavy Industries with a capacity of 114,700 dwt – both of which are Long Range 2 specification, capable of carrying both clean petroleum products and dirty products.
The company’s growth perspective is a long-term strategic one and accordingly the majority of its vessels are expected to be fixed in a mixed portfolio of long-term and spot charters.
Other Petroleum & Petrochemicals Assets
Arab Petroleum Pipelines Company (SUMED)
Arab Petroleum Pipelines Company (SUMED), established in 1974, is an Egyptian oil and gas service provider that owns and operates pipelines and associated storage facilities connecting the Red Sea and the Mediterranean. Almost 80% of the oil shipped from the Arabian Gulf to Europe passes through the SUMED pipelines.
The company has its headquarters in Alexandria and is an Egyptian joint stock company of $400 million capital. 50% of the company is held by Egyptian General Petroleum Corporation (EGPC), while Mubadala, Saudi Aramco, and Kuwait Investment Authority all hold a 15% stake. The remaining 5% is owned by Qatar Petroleum.Read more about Arab Petroleum Pipelines Company (SUMED)
Borealis is one of the world’s largest producers and providers of innovative solutions in the fields of polyolefins, base chemicals and fertilizers.Read more about Borealis
Compañia Española de Petróleos (CEPSA)
Cepsa is one of the leading integrated energy companies in Spain with business in over 20 countries across four continents.Read more about Compañia Española de Petróleos
Cosmo Energy Holding
Cosmo Energy Holdings is one of the largest, fully integrated oil refining and marketing companies in Japan with operations in the upstream, midstream and downstream sectors.Read more about Cosmo Energy Holding
Dolphin Energy is a joint venture between Mubadala, Total and Occidental Petroleum and is headquartered in the Middle East. This multinational gas development and transportation initiative is among the largest energy investments ever undertaken in the Middle East.
Dolphin Energy Limited delivers 2 billion standard cubic feet of natural gas every single day (scf/day) and has produced 8.5 trillion standard cubic feet since operations began in 2007 (as of July 2019)Read more about Dolphin Energy
A leading international, upstream oil and gas company with a world-class exploration and production business.Read more about Mubadala Petroleum
Nova Chemicals Corporation (Nova Chemicals)
A leading innovative petrochemical company enabling customers to deliver high-quality plastic for a healthier life.Read more about Nova Chemicals Corporation (Nova Chemicals)
Oil Search Limited
Oil Search was established in Papua New Guinea (PNG) and operates all of the country’s producing oil ﬁelds. The company also holds a 29% interest in the producing PNG LNG project and is pursuing major LNG growth opportunities in partnership with ExxonMobil and Total. The company holds resources in Alaska with initial estimates in excess of 500 mmbbl with further potential upsides.Read more about Oil Search Limited
Integrated international oil and gas business and Austria’s largest listed industrial company, committed to sustainability in its corporate strategy.Read more about OMV
PAK-ARAB Refinery (PARCO)
The largest fully integrated energy company in Pakistan focused on refining, transportation, storage and marketing.Read more about PAK-ARAB Refinery (PARCO)