IKON COMPANY PROFILE
Your Partner Of Choice In the Oil Industry
Table of Contents
1, What is your preHistorical Background (Raniya Group)
2, Company Profile
3,Organization Chart
4, Growth History
5, Trade Flows
6, Shipping and Operations
7, Major Clients
8, Strengths
9, sentation about?
Historical Background (Ranyia Group)
Founded by Mr Haji Ahmed Said in 1979
Based in Kurdistan (Autonomous region of IRAQ)
Consortium of 29 companies having interest in various business sectors like
Retail Outlets (17)
Manufacturing
Oil Transportation (1,200 Road Tankers)
Real Estate
Construction
General trading
Petrochemical
International Freight Forwarding (Air & Sea)
Healthcare
Group Turnover of Over $650 M
IKON Petroleum DMCC – Organization chart
Shipping & Logistics
- Own fleet of tankers
- Exclusive chartering arm
- 2 Panamax
- 3 MR (1 DPP & 2 CPP)
- 1 Handy Size (19,000 DWT)
- 1 Small Size(7,000 DWT)
- 2 MR vessel purchase process in progress
IKON Petroleum Business Partners
Company Profile (IKON Petroleum DMCC)
- Independent Trading Arm, Established in 2012
- 100% Owned by Mr. Salim Ahmed Said (British Citizen)
- Head Office situated in Dubai, UAE. Regional offices in Singapore, Iraq and UK.
- Trading in Crude and refined oil products across Arabian Gulf & Far East
- Storage facility in Sulaimaniyah Iraq (20,000 m3)
- Storage facility of 200,000 m3 across UAE, Oman and Iraq.
- Prime supplier to Oil Majors
Major Strengths
- Strong Infrastructure to facilitate Oil Trade across the Globe
- Renowned name in Major Oil Players circle and AG region.
- Term contracts with refineries
- End to End solutions (own tankers and storage facility)
- Tailored logistics solutions to optimize trade executions
- Expert in Blending of Oil Products
- Self Financed , Highly capitalized company
- Highest standards of Compliance ( Audited by Deloitte )
Trade Over View - Fuel Oil
- 4.2 Mil MT refined products traded during 2015
- 60% blended cargoes for tender spec and RMG grade
- Access to various components for blend optimization (cutter, high Visco, high sulfur grades)
- 80,000 MT storage capacity in Fujairah
- Term contracts with SOMO, KRG
- Fleet of 5 tanker’s to assist the trade
- One of the biggest supplier of Fuel Oil in 2015 to major trading houses
Trade Over View – Gas Oil
- Major supplier of Gas Oil to KRG spot market
- Strategic JV with local companies in KRG to control market share
- Main supplier of high sulfur grade gas oil to majors
- Storage capacity of 40,000 MT in fujairah
- Main supplier of high sulfur Gas Oil to Vitol, OTI and China Oil in UAE
Trade Overview - Gasoline
- 2 MR size tankers ( own + long TC) to optimize trade flows
- Prime supplier of blend components to UAE market
- Full fledged logistics facility for in transit cargo from UAE to KRG region
- Consistent supply of spot cargoes to IRAQ meet market requirement