| Key Facts |
Employees: 589
Total Average Daily Production in 2006: --
Crude Processing Capacity: 317,000 BD
- MiRo Refinery: 57,000BD
- Wilhelmshaven Refinery: 260,000BD
Major Office Locations: Hamburg |
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 has interests in two refineries in Germany: the Wilhelmshaven refinery in Wilhelmshaven on the North Sea coast of Germany and the MineraloelRaffinerrie Oberrhein GmbH (MiRO) refinery in Karlsruhe.
In February 2006, ConocoPhillips completed its purchase of the Wilhelmshaven refinery from Louis Dreyfus Energy Holdings Limited. The purchase included the 260 MBD refinery, a marine terminal, rail and truck loading facilities, and a tank farm, as well as another entity that provides commercial and administrative support to the refinery. Crude oil processed by the refinery is primarily low-sulfur varieties produced in the North Sea. The refinery primarily produces transportation fuels, fuel oil and intermediate feedstocks, which are distributed to the inland market via truck and also transported to other nations in Europe and to the United States.
The MiRO refinery is a joint-venture refinery with a gross crude oil processing capacity of 307 MBD, approximately 45 percent being low-cost, high-sulfur crude. ConocoPhillips has an 18.75 percent interest in MiRO, with a capacity share of 57 MBD. The other owners of MiRO are Shell Deutschland Oil GmbH, Esso Deutschland GmbH and Ruhr Oel GmbH (a 50/50 joint venture between BP and PDVSA). The refinery processes crude oil and other feedstocks supplied by each of the owners in proportion to their respective ownership interests, with each receiving their proportionate share of the products to market.
The MiRO complex is a fully integrated refinery, producing gasoline, middle distillates and specialty products, along with a small amount of residual fuel oil. The refinery has a high capacity to convert lower-cost feedstocks into higher-value products, primarily with a fluid catalytic cracker and delayed coker. The refinery produces both fuel-grade and specialty calcined cokes.
Marketing
ConocoPhillips has marketing operations in Europe through company-owned and dealer-owned JET® branded outlets. The largest of the company’s European marketing networks are in Germany and the United Kingdom. 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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