According to projections made by the International Energy Agency (IEA), the world’s energy requirements will rise by 30% by 2040, driving up demand for natural gas and crude oil. Because so much of contemporary industry depends on crude oil and its byproducts, the world’s consumption of it is only going to increase. Petrochemicals, which are the building blocks of contemporary consumer goods, and fuel for transportation, such as shipping and aviation, are two examples of how this is done. Because natural gas has advantages over other fossil fuels, the demand for it will rise as well, particularly in developing nations. While products from the oil and gas sector are consumed worldwide, only a small number of countries are significant producers of these products.
At Blendstar LLC, we act as the conduit to help the flow of these products from areas of production to areas of demand via our shipping line and also store these products in our storage facility. Having commenced trade as a marketer of Omani crude and refined products, today we organize our business lines across five main areas of focus: