| Key Facts |
Employees: 182
Total Average Daily Production in 2007: --
Crude Processing Capacity: 71,000 BD
Major Office Locations: -- |
Refining and Marketing Refining
ConocoPhillips owns or has an interest in four refineries in Europe with an aggregate rated crude oil capacity of 610 MBD. The Whitegate refinery is located in Cork, Ireland. Whitegate is Ireland’s only refinery and has a crude oil processing capacity of 71 MBD. Crude oil processed by the refinery is light, low-sulfur crude oil sourced mostly from the North Sea. Refined products are distributed inland and exported to international markets. ConocoPhillips also operates a crude oil and products storage complex with 7.5 MMBBL of storage facilitated by an offshore mooring buoy in Bantry Bay, Cork, Ireland.
Marketing
ConocoPhillips has marketing operations in Europe through company-owned and dealer-owned JET® branded outlets. A portion of Irish refinery production is sold to inland Irish markets. 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.
As of Dec. 31, 2007, ConocoPhillips had approximately 1,600 marketing outlets in its European operations, of which approximately 1,150 were company owned, and 450 were dealer owned. During 2007, ConocoPhillips sold 377 of its fueling stations in six European countries to LUKOIL and completely divested its marketing operations in Thailand and Malaysia. As of Dec. 31, 2007, agreements were signed for the sale of Norway, Sweden and Denmark marketing assets, and are under regulatory review.
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