Sargasso, an energy trading company in UAE, facilitates the responsible and reliable sourcing of refined petroleum products. Sargasso safely trades and distributes numerous refined petroleum products across the globe, using its comprehensive network across the supply chain. This includes refineries, logistics, and storage tank farms.

The global refined petroleum market reached a value of $2.5 billion in 2022, having grown at an annual growth rate (CAGR) of 6.1% since 2017. The market is expected to grow at a rate of 4.4% and generate revenues of $3.8 billion by 2027. Growth is expected to be driven by strong economic growth in emerging markets, the increase in population, further urbanization, more vehicles on the road and an increase in demand in electricity. This growth is in spite of fluctuations in oil prices and the remnants of COVID-19. The continued demand for crude oil and gas is expected to contribute to the growth of the refined petroleum products market. This is reflected in the expansion of facilities in, for example, in Nigeria and Oman. The total investment in increased capacity is over $25 billion.

Sargasso sees this as an opportunity and is positioning itself to ensure its clients needs are successfully met.