Petroleum products are materials derived from crude oil (petroleum) as it is processed in oil refineries. The majority of petroleum is converted to petroleum products, which includes several classes of fuels.

According to the composition of the crude oil and depending on the demands of the market, refineries can produce different shares of petroleum products. The largest share of oil products is used as "energy carriers", i.e. various grades of fuel oil and gasoline. These fuels include or can be blended to give gasoline, jet fuel, diesel fuel, heating oil, and heavier fuel oils. Heavier (less volatile) fractions can also be used to produce asphalt, tar, paraffin wax, lubricating and other heavy oils.

Since petroleum often contains a few percent sulfur-containing molecules, elemental sulfur is also often produced as a petroleum product. Carbon, in the form of petroleum coke, and hydrogen may also be produced as petroleum products. The hydrogen produced is often used as an intermediate product for other oil refinery processes such as hydrocracking and hydrodesulfurization.

TRADING

Balkan Development Group JSC has long term contracts and established relationships with numerous crude oil producing companies around the world. Among others, crude oil and products origins include Russia, USA, Greece, Iran.

We trade in market our crude oil petroleum products, feedstocks blending stocks, and finished products worldwide. Our sourcing is also based on offtake agreements which we have in place with various refiners. Our extensive expertise and our flexible financial conditions enable us to provide a variety of transactional structures providing valuable solutions to our clients.

In the process, our traders, operators, risk management and finance teams provide creative solutions to overcome the pricing, logistical, and financial barriers that may stand in the way of such transactions.

Our dedication and commitment to providing solutions that benefit all parties to a transaction creates the long-lasting relationships that enable us to maximise opportunities.

SHIPPING AND TRANSPOTATION

Balkan Development Group JSC is proud of its worldwide relationships which enables it to move oil almost anywhere around the globe. We regularly charter vessels of all sizes to transport our cargoes. Cargoes are only insured with first class insurance companies granting us and our receivers the security they are looking for.

Chartering is done spot as well as on a contract for affreightment basis. Time charters are also regularly used to hire vessels.

Our dedicated staff ensures that all is done with utmost professionality and dedication. Our logistics team operates seamlessly with our trading desks to manage freight exposures and to add safety and efficiency to our physical transactions.

RISK MANAGMENT

Balkan Development Group JSC operates in all risk management tools, including the futures market. We bring high standards of risk management and operational excellence to our customers while maintaining sophisticated risk management systems, processes and controls.

Financial, operational and market risks are an integral element of commodities trading and physical supply. They cannot be wholly avoided, but can be planned for and managed. We take a comprehensive approach to hedging and marketing to help our clients achieve their goals and objectives.