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2003 Crude Oil Imports From Persian Gulf Highlights: Released on July 9, 2004
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 2003
(Thousand Barrels) |
| Totals: |
3,527,696 |
884,998 |
25% |
| Company |
Total |
Persian Gulf |
% Persian Gulf |
| VALERO MKTG & SUPPLY CO | 298,243 | 142,799
| 48% |
| CHEVRON CORP | 274,758 | 116,159
| 42% |
| MOTIVA ENTERPRISES LLC | 260,203 | 216,816 | 83% |
| PHILLIPS 66 CO | 257,133 | 28,131 | 11% |
| EXXONMOBIL CO USA | 256,822 | 106,171 | 41% |
| EXXONMOBIL OIL CORP | 197,645
| 14,987 | 8% |
| SUNOCO INC | 195,697 | | |
| BP PRODTS N AMER INC | 185,961 | 43,771 | 24% |
| MARATHON ASHLAND PETRO LLC | 181,725
| 80,608 | 44% |
| CITGO PETRO CORP | 151,276
| 12,786 | 8% |
| FLINT HILLS RESOURCES LP | 145,721
| 9,200 | 6% |
| SHELL OIL CO | 108,467
| 503 | 0% |
| LYONDELL CITGO REFG LP | 91,996
| 3,636 | 4% |
| PHILLIPS PETRO CO | 89,487
| 26,044
| 29% |
| CONOCO INC | 88,236
| 5,824
| 7% |
| ATOFINA PETROCHEMICALS INC | 63,908 | 13,559 | 21% |
| PREMCOR REFG GROUP INC THE | 61,866 | 5,797 | 9% |
| PORT ARTHUR COKER CO | 60,189
| | |
| PDV MIDWEST REFG LLC | 53,315 | 534 | 1% |
| BP WEST COAST PRODTS LLC | 48,235
| 24,480
| 51% |
| TESORO PETRO CORP | 42,154 | 972 | 2% |
| SHELL US TRADG CO | 41,207
| 1,160 | 3% |
| EL PASO MERCHANT ENERGY PETRO | 53,894
| | |
| CHALMETTE REFG LLC | 34,744
| | |
| MURPHY OIL USA INC | 26,568 | 4,490 | 17% |
| UNITED REFG CO | 22,808
| | |
| CITGO ASPH REFG CO | 22,556
| | |
| VALERO ST CHARLES REFY
| 3,661
| | |
| TESORO HAWAII CORP | 20,990
| | |
| GIANT YORKTOWN INC | 18,855
| | |
| SHELL CHEM LP | 17,865
| | |
| CHS INC
| 16,883
| | |
| AMOCO OIL CO | 14,542 | 3,939 | 27% |
| SINCLAIR OIL CORP | 13,303
| | |
| ORION REFG CORP | 13,119 | 5,119 | 39% |
| STATOIL MKTG & TRDG (US) INC | 11,883
| | |
| HUNT CRUDE OIL SUPPLY CO | 10,663 | 5,818 | 55% |
| LION OIL CO | 9,407 | 9,407 | 100% |
| CROWN CENTRAL PETRO CORP | 9,319
| | |
| FRONTIER OIL & REFG | 9,218
| | |
| TRIGEANT LTD | 6,511
| | |
| ERGON REFG INC | 5,847
| | |
| KOCH SUPPLY & TRDG CO | 4,795
| | |
| VITOL S A INC | 4,154
| | |
| WILLIAMS REFG & MKTG LLC | 4,005
| | |
| EDGINGTON OIL CO INC | 3,539 | 540 | 15% |
| NCRA | 2,527
| | |
| MONTANA REFG CO | 2,326
| | |
| FLYING J PETRO INC | 2,031
| | |
| BP OIL SUPPLY CO | 1,948
| | |
| BAYOIL USA INC | 1,748 | 1,748 | 100% |
| MORGAN STANLEY CAPITAL GRP INC
| 1,571
| | |
| SHELL OIL PRODTS US | 1,440
| | |
| EQUISTAR CHEMICALS LP | 541
| | |
| SUNCOR ENERGY (USA) INC
| 191
| | |
Persian Gulf includes = Bahrain, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, and United Arab Emirates.
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