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Saudi Arabia has officially made its entrance into the global bunker and marine fuel market with the launch of Eleven Energy
, a new company established by His Royal Highness Prince Abdulaziz Al Saud bin Turki.
As part of Eleven Ventures, a project aimed at enhancing Saudi Arabia's standing in the international energy scene, Eleven Energy will concentrate on marine fuel trading and physical bunkering services around the world.
The company emphasizes that Prince Abdulaziz serves as a strategic leader, dedicated to strengthening Saudi Arabia's influence in global markets. Under his guidance, Eleven Ventures is building a diverse energy portfolio, with Eleven Energy spearheading its bunkering and marine fuels operations.
A representative from the company stated that the goal is to position Eleven Energy as a significant player in the international bunker industry, by offering innovative, reliable, and scalable fuel supply solutions.
Headquartered in Saudi Arabia, with a second office in Rotterdam—one of the world's key shipping hubs—the company also plans to set up teams at major global bunkering locations.
Industry veteran Chris Todd has been appointed as the Head of Global Trading at Eleven Energy. With over 20 years of experience in marine fuels and physical supply, he has previously worked with leading firms such as World Fuel Services, Chemoil, OceanConnect Marine, Soyuz Bunkering, GP Global, and most recently, Delta Energy Fuel Supply Trading, where he led global trading until April 2024.
Eleven Energy noted that Todd and Prince Abdulaziz share a strong working relationship grounded in trust and respect, as well as a mutual vision to elevate Saudi Arabia’s role in the global marine fuels sector. Todd will oversee the company’s trading and fuel supply operations on an international scale.
All industry transactions and partnerships will be conducted under Eleven Ventures, which the company claims provides customers with added security by partnering with a trusted and financially stable entity.
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