Founded in 1992, the company primarily dealt with the marine bunker, lubricant supply and trading. Island Oil was quickly embraced by the industry and was entrusted by blue chip clients from local and international shipping markets, building a strong reputation as a reliable partner-supplier.
Headquartered in Limassol, Island Oil Ltd is the flagship of a group of companies mainly active in the marine and domestic fuels sector. The company has physical supply stations in Cyprus,Romania and Israel, share-holding in a fuel depot in Ukraine and additional offices in Odessa, Piraeus, Constanta, Nice, Singapore and Haifa.
Island Oil Ltd is a major recognized player in the global bunker market. This has been achieved through a client oriented approach, strong financial management, controlled growth and a highly skilled and trained team of professionals.
Vessels utilized for bunkering and/or cargo transportation are managed in-house by Petronav Ship Management Limited which is a fully owned subsidiary of the Island Oil Holdings group.