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22 October 2009
- Singapore Petroleum Company or SPC was delisted from the Singapore Exchange on 22 October 2009 when Chinese oil giant PetroChina completed its takeover of the Singapore firm.
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Singapore Petroleum Company or SPC was delisted [6] from the Singapore Exchange on 22 October 2009 when Chinese oil giant PetroChina completed its takeover of the Singapore firm.
Incorporated on 19 May 1969 under the name Singapore Petroleum & Chemical Company (Private) Limited, and later named Singapore Petroluem Company Private Limited.
Sep 28, 2023 · Singapore Petroleum Company or SPC was delisted [6] from the Singapore Exchange on 22 October 2009 when Chinese oil giant PetroChina completed its takeover of the Singapore firm. Related Research Articles
Founded in 1969, Singapore Petroleum Company (SPC) has interests in oil and gas exploration and production, refining, terminalling and distribution, marketing and trading of crude and refined petroleum products.
- History
- Exploration and Production
- Refining, Supply and Trading
- Financial
- External Links
The company was founded in 1969 as the Singapore Petroleum & Chemical Co. Pte Ltd and later changed its name to the Singapore Petroleum Company Ltd. The company is also a part owner of Singapore Refining Company Pte Ltd which was founded in 1979. In 2004, SPC acquired 50% of BP's interest in the SRC and BP's retail network of 28 stations and LPG bu...
SPC's presence and profile in the regional E&P sector has grown with the acquisition of assets over the years. These assets include Block B in Cambodia, the Kakap Production Sharing Contract (PSC) and the Sampang PSC in Indonesia, Blocks 102 and 106, and Block 101-100/04 in Vietnam, Block T06-3 in Australia. In 2007, they expanded their assets to C...
Refining
SPC, with equal partner Chevron Corporation (who also owns Caltex), owns half of the 285,000 barrels per day (45,300 m3/d) Singapore Refining Company (SRC) plant, a complex refinerycapable of cracking crude oil. The refining of crude oil to petroleum products remains central to the Group's operations. Given the complexity of its refining facilities, SPC is able to refine heavy, medium and light crudes. SPC buys crudes from some 13 countries with the bulk of its supplies coming from the Middle...
Supply
The Company owns a storage terminal for petroleum products at Pulau Sebarok to support its marine bunker operations and trading and marketing activities. The 220,000 cubic metres terminal consisting of 13 tanks is equipped with a deep water jetty up to 160,000 tonnes displacement.
Trading
The trading unit actively trades in a variety of distillate and residual products which include Naphtha, Gasoline, Automotive Diesel Oil, Jet Fuel and Fuel Oil. The Aviation Sales unit markets and supplies aviation fuel to airlines at four international airports in Singapore, Hong Kong, Bangkok, and Taipei. SPC is a supplier of aviation fuel in the Asia-Pacific region. The Distillates unit is responsible for the sales and trading of naphtha, motor gasoline (petrol), gasoil (diesel) and jet fu...
Singapore Petroleum Company or SPC was delisted from the Singapore Exchange on 22 October 2009 when Chinese oil giant PetroChinacompleted its takeover of the Singapore firm.
May 1, 2009 · Singapore Petroleum Co. (SPC) is heading for a delisting from the Singapore Exchange after the close of business on August 28, as PetroChina has tied up more than 91% of the shares in the refining company, SPC said.
Oct 21, 2015 · SPC was formed in 1969 as a joint venture among Amoco, DBS and Oceanic Petroleum. The objective was to pool resources and share risks to build an oil refinery to meet the burgeoning demand for petroleum products in the region, particularly from Japan.
