| Key Facts |
Employees: 1
Total Average Daily Production in 2006: --
Crude Processing Capacity: 27,000 BD
Major Office Locations: Prague |
Refining and Marketing Refining
ConocoPhillips owns or has an interest in six refineries in Europe, with an aggregate rated crude oil capacity of 636 MBD. The company, through its participation in Cˇeská Rafinérská, a.s. (CRC), has an interest in two refineries in the Czech Republic, one in Kralupy and the other in Litvinov. The other owners of CRC are Unipetrol a.s., ENI International BV and Shell Overseas Investment B.V. The refinery at Litvinov has a gross crude oil processing capacity of 103 MBD, and the Kralupy refinery has a gross crude oil processing capacity of 63 MBD. ConocoPhillips’ 16.33 percent ownership share of the combined capacity is 27 MBD. Litvinov processes light, low-sulfur Russian export-blend crude oil delivered by pipeline. Kralupy utilizes low-sulfur crude oil from the Mediterranean area.
The two refineries complement each other and are operated on an overall optimized basis, with certain intermediate streams moving between the two facilities. Each equity owner markets its share of finished products in the Czech Republic and neighboring markets. The company plans to divest its interests in the refineries during 2007.
Marketing
ConocoPhillips has marketing operations in Europe through company-owned and dealer-owned JET® branded outlets. The company’s European marketing strategy is to sell primarily through owned, leased or joint-venture retail sites using a low-cost, high-volume strategy. ConocoPhillips also markets aviation fuels, liquid petroleum gases, heating oils, transportation fuels and marine bunker fuels to commercial customers and into the bulk or spot market.
ConocoPhillips has announced its intention to divest some nonstrategic marketing businesses during 2007. As of June 30, 2007, ConocoPhillips had completed the sale of marketing assets in Belgium, the Czech Republic, Finland, Hungary, Luxembourg, Poland and Slovakia.
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JET Brands
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