Middle East Petroleum FZE

What Middle East Petroleum FZE does

Middle East Petroleum FZE (MEP) is a private Azerbaijan-domiciled company founded in 2002 that operates the Dubendi Oil Terminal, located approximately 50 kilometres northeast of Baku on the Caspian Sea across Pirallahi Island. The terminal serves as a major transshipment node for crude oil and petroleum products moving from the Caspian region to international markets, providing receiving, storage, handling, and onward loading services for oil companies, traders, and national oil companies. Its core capabilities include a combined tank farm with full grade segregation, heated shore tanks and pipelines for high pour point cargoes in winter, and a naturally sheltered harbor that allows operations in adverse weather conditions when other Caspian ports may be inoperative.

The company's underlying technology is fundamentally physical infrastructure: storage tanks, connected pipelines, heating systems, and a dredgeable sandy seabed channel. Quality and quantity control is performed by international independent inspection companies, and the terminal is audited by the Turkish Standard Institute and international major oil companies for environmental and regulatory compliance. MEP holds international quality certificates for transshipment operations obtained shortly after taking over Dubendi's management.

MEP's revenue model is built on transaction-fee-based terminal transshipment services, with direct B2B and B2G relationships with energy producers and traders, and long-term contracts for terminal services. Despite operating one of the Caspian's largest petroleum terminals, the company lists only 7 employees, suggesting that terminal operations, labor, and technical functions are largely outsourced or contracted. The company's geographic reach is regional, anchored in the Caspian Corridor, with alignment to the EU TACIS/TRACECA program supporting Azerbaijan-Georgia transportation development. Ownership, financial details, and customer names are not publicly disclosed.

Name

Middle East Petroleum FZE

Legal name

Middle East Petroleum FZE

Website

https://mepf.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

Middle East Petroleum FZE operates the Dubendi Oil Terminal on the Caspian Sea near Baku, Azerbaijan, providing crude oil and petroleum product receiving, storage, and transshipment services for oil companies, traders, and national oil companies in the Caspian region.

Ownership category

akta.pro rank

Product category

Oil and Petroleum Terminal Services

NAICS

Pipeline Transportation of Crude Oil (4861), Pipeline Transportation of Refined Petroleum Products (48691)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Pipe Lines (No Natural Gas) (4610)

akta.pro primary industry

Crude Oil Tank Farms & Terminals (TLAGAKAA)

akta.pro secondary industries

Liquid Bulk Petroleum Terminals (Crude, Refined Products) (TLAHABAH), Marine/Port-Connected Pipeline Terminals (Dock/Jetty Tank Farms) (TLAGAKAL), Refined Products Tank Farms & Terminals (TLAGAKAB)

Keywords

• Oil transshipment services
• Petroleum terminal operations
• Crude oil logistics
• Hydrocarbon storage handling
• Caspian oil transportation

Headquarters

HQ city

Baku

HQ country

Azerbaijan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales, Others

Revenue model

1. Terminal Transhipment Services: Revenue generated from providing oil handling terminal services at Dubendi Oil Terminal. This includes receiving, storage, and transshipment of crude oil and petroleum products for clients in the Caspian region.
2. Logistics Services: Transit transportation services for crude oil and petroleum products from the Caspian region to world markets. Services include vessel receiving, offloading, storage, and cargo handling operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Middle East Petroleum FZE operates the Dubendi Oil Terminal on the Caspian Sea near Baku, Azerbaijan, providing receiving, storage, and transshipment services for crude oil and petroleum products. The terminal features combined tank farm capacity with full grade segregation, heated shore tanks and pipelines for high pour point cargoes in winter, and a naturally protected harbor enabling continuous operations in poor weather. Quality and quantity control is performed by international independent inspection companies to certify shipments.

Product overview

Middle East Petroleum FZE operates as an integrated oil logistics provider focused on the Caspian region. The company's core offerings center around the Dubendi Oil Terminal, which serves as the primary asset for receiving, storing, and transshipping crude oil and petroleum products. The product portfolio includes the Dubendi Oil Terminal facility with full segregation storage capabilities, oil handling terminal services, and transit transportation services that enable crude oil and oil products to move from Caspian region producers to international markets. These offerings work together as an end-to-end hydrocarbons transhipment solution.

Differentiator

Problem solved

Functional benefit

Products and services

• Dubendi Oil Terminal Major petroleum oil terminal located on the Caspian Sea approximately 50 kilometres northeast from Baku, Azerbaijan, across Pirallahi Island. Provides combined tank farm capacity with shore tanks and connected pipelines enabling simultaneous receiving and transshipment of crude oil and petroleum products with full grade segregation and heating facilities for high pour point cargoes.
• Oil Handling Terminal Services Terminal logistics services including vessel receiving, offloading, storage, and transshipment of crude oil and oil products for oil companies, traders, and national oil companies operating in the Caspian region. Quality and quantity control is performed by international independent inspection companies.
• Transit Transportation Services Transit transportation of crude oil and petroleum products from the Caspian region to international markets via the Dubendi Oil Terminal, operating as a major link in the logistics chain for hydrocarbons transhipment from landlocked Caspian production to world markets.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Turkish Standard InstituteminorOthersDubendi Oil Terminal is regularly audited by Turkish Standard Institute to ensure environmental integrity and compliance with international and state regulations, standards, policies and procedures.
• International Independent Inspection CompaniescoreTechnology or IntegrationQuality and Quantity control of crude oil and oil products shipped via Dubendi terminal is performed by international independent inspection companies. These partners provide verification services ensuring product quality meets international standards.
• International Major Oil CompaniescoreOthersDubendi Oil Terminal is regularly audited by International Major Oil Companies to ensure environmental integrity and compliance with international standards and regulations.
• European Union (TACIS/TRACECA Program)minorOthersTransportation industry is strategically important for Azerbaijan and Georgia, supported by the European Union under TACIS/TRACECA program for development of transportation infrastructure in the region.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Royal Vopak: Global independent tank storage operator with terminals worldwide including in the Middle East and Europe. Comparable as an independent petroleum and chemical product tank storage operator serving traders and oil majors, though operating at a much larger global scale than MEP.
• Caspian Pipeline Consortium (CPC): International consortium operating the CPC pipeline system from Western Kazakhstan to the Black Sea terminal at Novorossiysk. Comparable as a major Caspian crude export route, though pipeline-based rather than marine terminal; represents a competing export channel for the same regional producers MEP serves.
• Transneft: Russia's state-owned pipeline transportation monopoly operating the country's crude and product pipeline networks including export terminals. Comparable as a large-scale oil midstream infrastructure operator, though Russia-focused rather than the southern Caspian corridor where MEP operates.
• SOCAR (State Oil Company of Azerbaijan Republic): Azerbaijan's national oil company operating extensive upstream, midstream, and downstream assets including terminals and the Heydar Aliyev refinery in Baku. Directly comparable to MEP as the dominant domestic midstream player and likely counterparty for Dubendi's customers.
• bp (Sangachal Terminal operator): bp operates the Sangachal terminal near Baku, the largest oil and gas terminal in the Caspian region receiving production from Azeri-Chirag-Gunashli. Directly comparable as a Caspian crude export terminal, though at significantly larger scale than Dubendi.
• Oiltanking: Global independent tank storage provider operating terminals across Europe, the Americas, Asia, and the Middle East for petroleum, chemicals, and gases. Comparable as a global independent operator of bulk liquid storage terminals, though operating at vastly larger scale than MEP's single-asset Dubendi Terminal.

Direct peers

• Batumi Oil Terminal: Oil terminal at Batumi, Georgia on the Black Sea handling Caspian-origin crude and petroleum products. Directly comparable as a downstream Caspian-region petroleum transshipment facility connected to the same transit corridor as MEP's Dubendi.
• Kulevi Oil Terminal (Black Sea): Oil and petroleum product terminal on Georgia's Black Sea coast at Supsa/Kulevi, serving as a Caspian-to-international-markets export point. Directly comparable midstream terminal in the same Azerbaijan-Caspian-Black Sea export corridor as Dubendi.

Regional players

• KazTransOil: Kazakhstan's national oil pipeline and terminal operator handling crude oil transportation and storage. Comparable as a regional midstream oil infrastructure operator, but operating primarily in Kazakhstan rather than the Azerbaijan/Caspian corridor MEP serves.

Emerging players

• Tank & Rast (Aktau): Marine oil terminal at Aktau, Kazakhstan on the Caspian Sea serving as a Kazakh crude export hub. Comparable as a Caspian coastal crude oil terminal, though focused on Kazakh rather than Azerbaijani volumes and serving a different producer base than MEP.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/middle-east-petroleum-fze

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Middle East Petroleum FZE