Glencore's oil business is a key part of our global portfolio. In Australia, we supply 100% of our mining and agricultural operations' fuel needs.
We have also extended our business into the wholesale fuel market supplying oil majors where required but also as a large supplier to independents. We have long-term supply contracts with independent retailers, farmers and wholesalers.
We run an asset-light model that focuses on sourcing a wide range of oil products – including gasoline, diesel, naphtha, kerosene, marine bunker fuel and jet fuel – and supplying both Glencore's mining operations and independent retailers, farmers and wholesalers.
Led by a small team based in Sydney, our Australian oil business is focused on the east coast. We have a network of 11 import assets and an extensive inland logistic network of storage tanks including 76 road tankers.
This year, Glencore's wholly-owned Chemoil business commenced physical bunker fuel supply operations from Port Kembla, Port Botany and Port Eden in New South Wales, and also from the Port of Brisbane in Queensland. Chemoil will also deploy a bunker barge, capable of supplying both marine fuel oil and marine gas oil, to support its operations and offer bunkering via barge.