Crude Supply and Throughput
In December 2001, we entered into an agreement with BP Singapore for the supply of crude feedstock to our refinery. Supply under the agreement commenced when our refinery began operations in June 2004 and continued for 5 years until June 2009. Since this time the agreement has been renewed annually. BP Singapore is one of the largest marketers and shippers of crude oil in the Asia Pacific region.
This contract provides us with a reliable mechanism to access and ship the majority of the regional crudes suitable for our refinery.
We will continue to review this arrangement and other options for sources of feedstock supply for our refinery and have been successful in securing other crude supply agreements for specific regional crudes.