Petrolin Group markets about 60,000 bpd of crude oil and products from various countries including Angola, Benin, Cameroon, Congo, Democratic Republic of Congo, Gabon, Nigeria and Yemen (equity crude). The Group’s involvement in processing hinges on its focus on crude oil refining with local refineries.
Petrolin Trading, the Group’s trading arm, specializes in marketing West African crude via international tenders. Competitive bidding during the tendering process, coupled with the co-loading of small lots from marginal fields with larger cargoes, allows the Group to obtain the best possible market price and a regular cash flow for its suppliers.
Some of the Group’s successful bidders include Addax, BP, ChevronTexaco, ConocoPhillips, ExxonMobil, Hess Corp, Koch, Reliance, Shell, Sinochem, Sun and Total.
The Group’s supply comes from its own production (equity crude) in Africa and the Middle East, multinationals, and top independent oil producers and oil producing countries of Central Africa.
Processing local crude oil at local or regional refineries increases the pool of high-value-added refined products such as gasoline, jet fuel, diesel and fuel oil readily available to meet the ever increasing demand throughout the West and Central African market.
On top of adding value to raw materials, this intra-African trade reduces the impact of transport costs in the consumer nations and increases the profitability of local refineries by using their excess processing capacity.