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2002 Crude Oil Imports From Persian Gulf Highlights: Released on June 17, 2003
It should be noted that several factors influence the source of a company's crude oil imports. For example, a company like Motiva, which is partly owned by Saudi Refining Inc., would be expected to import a large percentage from the Persian Gulf, while Citgo Petroleum Corporation, which is owned by the Venezuelan state oil company, would not be expected to import a large percentage from the Persian Gulf, since most of their imports likely come from Venezuela. In addition, other factors that influence a specific company's sources of crude oil imports would include the characteristics of various crude oils as well as a company's economic needs. While, in general, crude oil is fungible, i.e., one crude oil can be substituted for another, many refineries are optimized by refining crude oil with specific qualities (e.g., the API gravity, the amount of sulfur in the crude oil, etc.). Also, depending on the global crude oil market condition at the time, the price difference between heavy and light crude oils varies, thus changing the economic dynamics for different refineries. Therefore, many factors determine the source of a company's crude oil imports.
JANUARY - DECEMBER 2002 (Thousands of Barrels) |
| Totals: |
3,336,175 |
807,640 |
24% |
| Company |
Total |
Persian Gulf |
% Persian Gulf |
| CHEVRON CORP | 266,095 | 133,243 | 50% |
| MOTIVA ENTERPRISES LLC | 246,619 | 203,527 | 83% |
| PHILLIPS 66 CO | 238,222 | 26,872 | 11% |
| EXXON CO USA | 219,197 | 70,758 | 32% |
| VALERO MKTG & SUPPLY CO | 203,561 | 124,795 | 61% |
| MOBIL OIL CORP | 201,803 | 9,204 | 5% |
| SUNOCO INC | 198,113 |
| MARATHON ASHLAND PETRO LLC | 172,495 | 78,308 | 45% |
| AMOCO OIL CO | 164,275 | 32,305 | 20% |
| FLINT HILLS RESOURCES LP | 138,455 | 7,899 | 6% |
| CITGO PETRO CORP | 135,293 | 13,421 | 10% |
| SHELL OIL CO | 109,991 |
| CONOCO INC | 98,046 | 617 | 1% |
| LYONDELL CITGO REFG LP | 89,117 | 9,525 | 11% |
| PHILLIPS PETRO CO | 85,454 | 14,564 | 17% |
| PORT ARTHUR COKER CO | 61,243 | 2,969 | 5% |
| ATOFINA PETROCHEMICALS INC | 54,900 | 23,048 | 42% |
| BP OIL SUPPLY CO | 52,970 | 2,260 | 4% |
| EL PASO MERCHANT ENERGY-PETRO | 48,048 |
| PREMCOR REFG GROUP INC THE | 44,889 | 6,313 | 14% |
| ORION RFNG CORP | 44,007 | 1,447 | 3% |
| ARCO PROD CO | 38,080 | 6,095 | 16% |
| MURPHY OIL USA INC | 36,810 | 7,012 | 19% |
| CHALMETTE REFG LLC | 32,387 |
| TESORO PETRO CORP | 30,981 |
| CITGO ASPH REFG CO | 23,978 |
| PDV MIDWEST REFG LLC | 23,794 | 517 | 2% |
| EQUIVA TRADG CO | 21,383 |
| UNITED REFG CO | 21,286 |
| TESORO HAWAII CORP | 19,233 |
| WILLIAMS REFG & MKTG LLC | 18,628 |
| CENEX HARVEST STATES COOP | 16,827 |
| SHELL CHEM LP | 16,766 |
| DIAMOND SHAMROCK REFG & MKTG | 15,522 | 2,415 | 16% |
| LION OIL CO | 12,508 | 12,508 | 100% |
| SHELL US TRADG CO | 12,161 |
| CROWN CENTRAL PETRO CORP | 11,774 |
| ULTRAMAR INC | 11,249 | 632 | 6% |
| HUNT CRUDE OIL SUPPLY CO | 10,627 | 5,370 | 51% |
| SINCLAIR OIL CORP | 10,460 |
| TPI PETRO INC | 9,805 | 7,515 | 77% |
| GIANT YORKTOWN INC | 9,007 |
| FRONTIER OIL & REFG | 8,438 |
| ERGON REFG INC | 6,638 |
| STRATEGIC PETRO RESERVE | 5,767 |
| KOCH SUPPLY & TRDG CO | 5,656 | 1,039 | 18% |
| TRIGEANT LTD | 5,421 |
| SHELL OIL PRODTS US | 4,843 |
| VITOL S A INC | 4,667 |
| BAYOIL USA INC | 3,462 | 3,462 | 100% |
| EDGINGTON OIL CO | 3,235 |
| FARMLAND INDUS INC CRA | 2,553 |
| MONTANA REFG CO | 2,183 |
| FLYING PETRO INC | 1,653 |
| STATOIL MKTG & TRDG (US) INC | 1,096 |
| MORGAN STANLEY CAPITAL GRP INC | 1,074 |
| NCRA | 1,034 |
| ATLANTIC TRDG & MKTG INC | 948 |
| HESS ENERGY TRADING CO LLC | 548 |
| EQUILON ENTERPRISES LLC | 538 |
| EQUISTAR CHEMICALS LP | 252 |
| TEXACO REFG & MKTG INC | 110 |
Persian Gulf includes = Bahrain, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, and United Arab Emirates.
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