ENERGY

Oil

We are one of the world’s leading marketers of crude oil and oil products, supplying millions of barrels of oil every day to customers around the world

We source crude oil and oil products from a range of suppliers – through our marketing offices in London, New York and Singapore.

To support our business, we have a substantial shipping portfolio and access to a range of logistics, storage and investment capabilities.

We also market natural gas, mostly in Europe.

Through Astron Energy, we are a leading supplier of petroleum products in South Africa, with a vast network of Caltex-branded service stations that make us one of the country’s top two petroleum brands. Astron also owns and operates the country’s third-largest crude oil refinery in Cape Town, which has a capacity of 100,000 barrels a day, and a lubricants manufacturing plant in Durban.

Oil in numbers - 2021

  • 706 mbbl

    crude oil sold via our marketing business

  • 704 mbbl

    oil products sold via our marketing business

Uses of oil

Crude oil is refined into a range of oil products mainly used as fuels – including petrol and diesel for cars, jet fuel, heating oil and liquid petroleum gas (LPG). Derivatives also include asphalt used in roads, wax, and lubricants.

Our assets

HG Storage International

We own a 49% stake in HG Storage International – which provides petroleum products storage and logistics in the major global trading hubs and strategically important locations across Europe, Africa and the Americas.

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We have offshore interests in operating fields in Equatorial Guinea. We also have interests in Cameroon – where significant oil and gas reserves have been discovered both onshore and offshore.

Cameroon

A stake in the Bolongo block, where an exploration well was successfully drilled in 2012

Equatorial Guinea

Blocks I and O, operated by Noble Energy, covering the Aseng field and gas condensate field

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Leadership

Alex Sanna
Marketing lead
Colin Glasenberg
Industrial lead