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, and additional offices in Piraeus, Singapore, London, Constanta 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.

Island Oil is a member of IBIA, BIMCO, CYMEPA, CSC, and CMC.