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Superior Projects
Our refinery projects focus on improving efficiency, expanding capacity, and delivering high-quality petroleum products safely and sustainably. With 13 exploration licenses in the Caspian Sea, Far Eastern, and Southern seas, we integrate upstream exploration with refining operations to maximize value and support responsible energy production.
Maintenance & Turnarounds
Conducting planned overhauls and equipment upgrades is essential to ensure the reliability, safety, and uninterrupted operation of our refinery. These maintenance activities include thorough inspection of critical equipment, replacement or modernization of aging components, and implementation of advanced monitoring and control systems. By proactively addressing potential issues and optimizing operational performance, we minimize downtime, enhance process efficiency, and maintain the highest standards of safety and environmental compliance. This systematic approach ensures consistent product quality, operational resilience, and long-term asset integrity.
China: Liwan Gas Project
The Liwan Gas Project, China’s first deepwater gas development, achieved first production in 2014. We hold a 49% interest in the Liwan 3-1 and Liuhua 34-2 fields and a 75% interest in the Liuhua 29-1 field, which began production in 2020.
We operate the subsea production and pipeline systems, while our partner, CNOOC Limited, operates the shallow-water facilities and the onshore Gaolan Gas Terminal, which processes and delivers gas to markets across mainland China.
Product Diversification
We are expanding our portfolio to include gasoline, diesel, asphalt, heavy fuel oils, and petrochemicals, supporting market demand and maximizing asset value. This expansion allows us to better serve diverse industrial, commercial, and consumer markets while increasing operational flexibility and resilience. By integrating advanced refining technologies, optimizing production processes, and maintaining high-quality standards, we ensure consistent supply of high-value products. Additionally, our portfolio growth supports sustainable operations by improving energy efficiency, reducing waste, and aligning with environmental and regulatory best practices.
Environmental Projects
As much as we are already working hard to reduce environmental impact, we continue to focus on reducing emissions, managing waste, improving water usage, and adopting cleaner processes to meet and exceed environmental and regulatory standards. In addition, we invest in energy efficiency initiatives, implement sustainable technologies, and continuously monitor and optimize our operations to minimize our carbon footprint. Through proactive environmental management, employee training, and collaboration with partners and stakeholders, we strive to ensure our operations are safe, responsible, and aligned with long-term sustainability goals.