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Fire destroys 100 fuel tankers on Afghanistan-Iran border, probe launched
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Last Updated: Feb 14, 2021, 12:29 PM IST
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"We were told that 100 or 200 tankers have been destroyed, but this number could be higher. We need more time to find out the extent of the damage," Jailani Farhad, the spokesman for the governor of Herat province said after visiting the scene.
AP
Islam Qala: At least 100 oil and gas tankers have been destroyed by an inferno at Afghanistan's biggest trade crossing with Iran, causing millions of dollars of losses, officials said Sunday.
The huge blaze, which broke out Saturday afternoon at Islam Qala port 120 kilometres (75 miles) from the western city of Herat, has largely been extinguished and an investigation has been launched to probe its cause.
AfghanistanHeratIslam-qalaUnited-statesIranKabulKabolWashingtonAfghanAmericanYounus-qazi-zadaJailani-farhad by Type (High Sulfur Fuel Oil, Low Sulfur Fuel Oil, Marine Gasoil, and Others), Commercial Distributor (Oil Majors, Large Independent, and Small Independent), and Application (Container, Bulk Carrier, Oil Tanker, General Cargo, Chemical Tanker, Fishing Vessels, Gas Tankers, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global bunker fuel industry generated $120.1 billion in 2019, and is projected to reach $130.1 billion by 2027, witnessing a CAGR of 3.1% from 2020 to 2027.
Drivers, restraints, and opportunities
IMO regulation on sulfur content in marine fuel and increase in offshore oil & gas exploration activities drive the growth of the global bunker fuel market. However, fuel reduction initiatives by the shipping community hinders the market growth. On the other hand, LNG bunkering financing creates new opportunities in the coming years.
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