Logistics and distribution are at the core of the business; shipping raw materials to where they can be refined or processed and then used or transported to areas where there is a deficit. For oil, this means shipping crude in large tankers to refineries, and then shipping the refined product to where it is consumed.
Terminals & Storage
Glow oil both owns and charters ships to deliver oil products, as well as bitumen, chemicals and pressurized gas at any one time. in 2016 Our Group chartered 480 Voyage. Energy companies use complex networks of onshore terminals, storage tanks, blending facilities and pipelines. These bulk logistical facilities take crude oil from ships, storing and delivering it to the refinery at the right time. Similarly, they store and blend refined product to create the exact specifications required in certain markets before transporting it on to the end customer. In the case of gas, terminals tend to take deliveries from specialist tankers or pipelines from gas fields before testing, treating and distributing the gas regionally through pipelines. Alternatively, they store gasses derived from crude oil, such as butane, which are then bottled and used for cooking or heating, where there is no mains gas network. Glow oil invests in a number of ventures providing terminal and storage facilities globally. Glow oil is an energy and commodities company and sits at the heart of the world’s energy flows. Every day we use our expertise and logistical networks to distribute energy around the world, efficiently and responsibly. For over 14 years glow oil has served the world’s energy markets; trading over one Hundred million barrels of gas oil and products a day and delivering energy products to countries worldwide. Our customers include national oil companies, multinationals, leading industrial and chemical companies. We deliver the products they need on time and to specification, by sourcing and managing the movement of energy through the relevant infrastructures.
Glow Oil is a private company established in dubai 2002. Today it has 6 offices worldwide and its largest operations are in dubai , iraq London , Poland and Singapore. Glow oil providing a diverse and stable shareholder base which gives the company a long-term outlook and a considered approach to risk.
GLOW OIL has rigorous policies and procedures in place to ensure that it complies with all relevant national and international legislation and regulation.
Risk management, Systems and Controls
Glow oil business is built upon understanding and managing risk. Its ownership structure incentivizes the preservation of capital and a measured approach to risk, and creates a culture of responsibility and accountability.
Responsibility is core to our culture. It defines how we work, how we behave and how we interact with our customers, our partners and our communities. We appreciate the risks involved in our sector and take our responsibilities extremely seriously. We understand that our reputation depends on our honouring our commitments, doing what is right for the long-term and always treating others with respect. Our long-term outlook enables us to invest in relationships and defines how we manage our physical assets. We seek to conduct our business in line with the ten principles of the UN Global Compact and to work with partners who share our commitment to high international standards of operation, wherever they are based, and to act with consideration to local stakeholders. We are proud of the partnerships we have built over many years. We work collaboratively with our partners to try and find the best long-term solutions, which we deliver efficiently and safely. We appreciate the risks involved in the energy and commodities sector and take our responsibility towards health, safety and the environment extremely seriously. Furthermore, we are aware that our actions could impact a broader stakeholder group, including the communities in which we operate and we seek to mitigate impact and risks where possible. In all our physical operations we seek to work with partners who share our commitment to high international standards of operation. The infrastructure upon which we rely, from ships to jetties and storage, is subject to our due diligence processes.