Peninsula Petroleum Ltd was registered in London in 1996, as the commercial arm of the Gibunco Group, with the aim of managing and expanding the physical supply of marine fuels and lubricants in the port of Gibraltar.
The ensuing 14 years saw steady growth in all aspects of the business including diversification in the number of physical supply ports and the addition of worldwide marine fuels trading activities. Peninsula Petroleum capitalised upon these gains
with the inauguration of new offices in Greece in 2005, Singapore in 2006, Dubai
and Shanghai in 2007, Geneva in 2008, Montevideo in 2009 and Tonsberg in the beginning of 2010. Between 2005 and 2009 the trading team has grown from
10 to over 40 traders, further consolidating the trend which has seen Peninsula Petroleum emerge as one of the foremost companies active in the worldwide
marine fuels markets.
The period 1996-2009 has seen Peninsula Petroleum build a solid foundation for the future development of the business, based on consistent growth and profitability. Over the coming years Peninsula Petroleum will continue to innovate to meet new challenges and fulfil customers' requirements. Peninsula Petroleum has a clear strategic vision for the ongoing development of the business.