Jul 23 - BP Pulls Out Of Algeciras Bunkering

Written by YGTV Team on 23 July 2014.

British Petroleum (BP) has ended its bunkering business in Algeciras according to the shipandbunker.com website, a leading source of news for the industry. The move comes just a year after the supplier commenced operations at the Spanish port.

Peninsula Petroleum, a major operator in the area, has taken on the lease on BP’s barge.

According to industry experts, major oil companies like BP are gradually moving away from the bunkering business and instead investing heavily in exploration and extraction.