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 - 2020
791 mbbl
crude oil marketed by our business
738 mbbl
oil products marketed by our 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.
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.
We have operating fields in Chad, as well as 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
Chad
Assets in the Western fields of Mangara, Badila and Krim
Equatorial Guinea
Blocks I and O, operated by Noble Energy, covering the Aseng field and gas condensate field
Leadership
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Alex Sanna
Marketing lead
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Colin Glasenberg
Industrial lead