TriNova signs 500,000 mT of contract for sale of fuel oil and bitumen

TriNova Petroleum Trading has signed contracts totaling 500,000 metric tons for the sale of fuel oil and bitumen, marking a significant milestone in the company’s commercial expansion.

Under the agreement, fuel oil will be delivered at Khor Al Zubair Port in Iraq on a tank basis, serving regional buyers and strengthening TriNova’s presence in the domestic and port-based market. In parallel, bitumen will be supplied to India on a CFR (Cost and Freight) basis, supporting infrastructure demand in one of the world’s largest construction markets.

The contracts are structured over a one-year period, with deliveries scheduled progressively until the full agreed quantities are executed. This approach ensures operational flexibility while maintaining a consistent flow of supply across both product lines.

This development reflects TriNova’s ability to structure and execute multi-product transactions across different markets and delivery frameworks. It also highlights the company’s growing capability to operate simultaneously in domestic logistics-driven trading and international export markets.

By securing these volumes, TriNova continues to build a stable trading pipeline, reinforcing its transition toward a structured and scalable principal trading model.