The business started in the early 90’s, when brothers Ashok Goel and Sudhir Goyel began with trading of petrochemical products in Delhi and Gujarat in India. In 1998, after having established the business activities in India, they expanded the business activities in Sharjah, United Arab Emirates and named the company Gulf Petrochem.
Within a few years of the commissioning of a refinery, it has established itself into 6 Strategic Business Units; Oil Trading & Bunkering, Oil Refining, Grease Manufacturing, Oil Storage Terminals, Bitumen Manufacturing and Shipping & Logistics. All these units support each other and make Gulf Petrochem Group a well integrated business.
With a growing US$2.8 Billion business, Gulf Petrochem’s ambition is to become an eminent player globally in oil space and with a vision to become a global oil conglomerate; the Group focuses in providing integrated solutions to its customers and creating unique value for its stakeholders. It continues to have more and more global synergies and Gulf Petrochem Group is optimistic about its continuous growth in top line and profits in the coming years.
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