Saudi Prince Launches Bunker Company as part of the Kingdom’s push to expand its international energy influence. The new firm, called Eleven Energy, marks Saudi Arabia’s first major move into the global marine fuels and bunkering sector.
The company is led by Abdulaziz bin Turki Al Saud and aims to bring innovation, reliability, and scale to the global market. Eleven Energy plans to offer full-spectrum physical supply services. It will also form key partnerships to strengthen its international presence. Saudi Prince Launches Bunker Company with a strategy centered on long-term value and sustainable growth.
At the operational level, the company has appointed Chris Todd as CEO. He brings more than 20 years of experience in physical supply and global trading. Todd previously worked with major names like Chemoil, Soyuz, as well as Delta Energy. His leadership is expected to drive performance and ensure smooth international operations.
Eleven Energy will focus on delivering physical bunker fuel to ports around the world. It aims to serve commercial shipping clients with timely and efficient supply solutions. The company also intends to implement advanced logistics and digital systems to manage operations and maintain transparency. This approach will help boost service efficiency while reducing unnecessary costs.
Industry analysts believe the move will strengthen Saudi Arabia’s global energy portfolio. It reflects a larger effort to diversify energy exports beyond traditional crude and petrochemicals. Additionally, Eleven Energy may become a key player in the region’s marine energy transition.
Saudi Prince Launches Bunker Company at a time when global demand for cleaner marine fuel options is growing. The company is expected to invest in innovation and explore alternative fuels in the long term. Through this launch, Saudi Arabia takes another step toward expanding its energy footprint across global markets and increasing its competitiveness in the international bunkering sector.
