What Is a Petroleum Joint Venture?

Singapore is one of the three major oil refining centers in the world today. Singapore Petroleum Corporation (SPC) is a reputable international oil company with Singapore's only independent and reputable oil refinery. Since the establishment of Singapore Petroleum Corporation in 1969, it has played an important role in promoting the rapid development of the petroleum industry in Asia. It enjoys an international reputation for its brand image of honesty and reliability and the provision of high-quality petroleum products. Singapore Petroleum Corporation's business covers a wide range of areas, including oil and gas development, extraction, refining, distribution and distribution, marketing and trading of crude oil and refined petroleum products. After years of hard work, it has won wide international recognition. Its high-quality staff can provide customers with efficient and efficient services at any time. As a well-known internationally listed oil company, Singapore Petroleum Corporation has a world-class network of oil refineries, oil storage equipment, lubricant blending plants and gas stations, and its sales network extends throughout Asia.

Singapore Petroleum Corporation

Singapore is one of the three major oil refining centers in the world today. Singapore Petroleum Corporation (SPC) is a reputable international oil company with Singapore's only independent and reputable oil refinery. Since the establishment of Singapore Petroleum Corporation in 1969, it has played an important role in promoting the rapid development of the petroleum industry in Asia. It enjoys an international reputation for its brand image of honesty and reliability and the provision of high-quality petroleum products. Singapore Petroleum Corporation has a wide range of businesses, including oil and gas development, extraction, refining, distribution and distribution,

Singapore Petroleum's products are widely used in vehicles, industry, ships and aviation. The production management process has obtained ISO 9001, ISO 9002, ISO 14001, OHSAS 18001 international standard certifications, and the quality of oil products has obtained API (

1969-1999 Singapore Petroleum Corporation 1969-1999

Singapore Petroleum Corporation was formally established in 1969; ^[2]

Singapore Refinery was established in 1973, with a daily production capacity of 70,000 barrels;

Provided aviation fuel to Paya Lebar International Airport in 1974;

Established Singapore Refining Company (SRC) with two multinational oil companies in 1979 to develop and operate oil refining business;

Provided aviation fuel to Singapore Changi International Airport in 1981;

Started using contact improvers and visbreakers in 1983;

The first gas station was opened in Singapore in 1984;

In 1986, SRC began to use synthetic hydrogen crackers;

Obtained international oil trade concession in 1989;

Singapore Petroleum Corporation went public in 1990;

In 1992, the offshore oil depot base (total area 220,000 square meters) set up in the south of Singapore began operation; a joint venture with Agip Petroli (Ajip) to set up a lubricant blending plant;

In 1994, a joint venture company was established in China to distribute and retail LPG (liquefied petroleum gas);

Began to use residual catalytic cracking reactor in 1995;

Began to provide aviation fuel service at Taiwan International Airport since 1997;

2000- Singapore Petroleum Corporation 2000-present

In 2000, it acquired 15% of the shares in Indonesia's KAKAP crude oil and natural gas fields; 40.2% of the shares entered into the South Korean Tiger Oil Company to obtain the contracting qualification for Indonesia's PT natural gas transmission project;

Construction of a natural gas transmission pipeline in Singapore's Grissik to Batam area in 2003;

In 2004, it acquired BP's shares in Singapore's oil refineries, gas stations, and liquefied gas; invested in the development and exploration projects of the 102 and 106 oil and gas source plates in Vietnam; invested in Indonesia's Sampang Singapore Petroleum Company to mine Indonesian oil and gas fields; acquired BP's 28 Gas and gas stations;
In 2005, it invested in Cambodia's offshore plate B oilfield development and exploration project and obtained 30% of the shares;

2004-2006 won Singapore Super Brand Award

In 2007, it cooperated with CNOOC to start exploration of oil fields at the Pearl River Estuary; began to develop crude oil in the Bohai Sea, China

In 2008, it won the award of the best energy company in Asia in 2008; became one of the shareholders of NIPPON OIL deployment plant, with a turnover of more than 11.123 billion Singapore dollars (RMB 55.61 billion); fixed assets reached 3.38 billion Singapore dollars (RMB169 Billion), sponsored the 2000cc championship team -778, the team's special racing oil

Singapore Petroleum Corporation Lubricant Project

Guangdong New Oil Commercial Co., Ltd. is the only wholly-owned subsidiary of Singapore Petroleum (SPC) in China. Its main business involves the marketing and sales of Singapore Petroleum (SPC) series lubricants in China. It is an important measure for Singapore Petroleum to achieve long-term development in China and has very important strategic significance. Since October 12, 2006, Guangdong New Oil Commercial Co., Ltd. has been responsible for the development of Singapore Petroleum in China and is the bridgehead of SPC's future development in China.