Our Operations
- Home
- Our Operations
- Trading & Distribution
- OUR OPERATIONS
Trading & Distribution
In addition to providing a steady supply of feedstock for the LLP Olimpgaz and MTBE facilities, STP works with LLP Olimp Gaz to accomplish its overall business objectives. Additionally, it finds export markets for surplus refinery products that are not needed by the Group. While off-taking LLP Olimpgaz’s whole export crude entitlement, STP has maintained discrete buy/sell market positions in the global crude and petroleum product markets. Another essential task that trading teams carry out for STP and other Group companies is price risk management. This integrated approach will be further strengthened by the LLP Olimpgaz’s current implementation of the SAP enterprise resource planning (ERP) system.
The STP division, which is considered the heart of LLP Olimpgaz operations, drives the company’s growth by optimizing earnings on midstream and downstream assets. By encouraging value-added business ideas, STP leads in the three critical stages of supply, trade, and processing. The business sector is vital for properly managing LLP Olimpgaz supply chain and other activities throughout all geographies. The STP division, which is considered the heart of LLP Olimpgaz operations, drives the company’s growth by optimizing earnings on midstream and downstream assets. By encouraging value-added business ideas, STP leads in the three critical stages of supply, trade, and processing. The business sector is vital for properly managing LLP Olimpgaz supply chain and other activities throughout all geographies.
Our shared interests extend beyond the Group as well. STP has been able to identify and capitalize on a wide range of worldwide commercial potential through smart relationships with governments, large oil corporations, and dealers. In recent years, STP has been extending its trading network and fortifying long-standing relationships across Asia, the Middle East, Europe, Africa, and the Americas. LLP Olimpgaz encourages businesses to establish long-term partnerships by portraying itself as a national oil organization.
The availability of regular condensed feedstock is the largest risk from a supply and trading perspective. The segment maintains significant diversification in the sources of condensate supply in case of a possible disruption. Two more significant risks for this category are price volatility and counterparty creditworthiness. Hedging for exposure to lower the open position to a manageable level and conducting routine counterparty assessments are two mitigation measures.
These facilities continue to invest in expansion to guarantee that there are always enough, effective, and efficient refining and processing capacities available. They also take the necessary precautions to lower the risk of plant breakdowns and/or operational disruptions, such as implementing preventive maintenance programs, updating resource skill sets through ongoing and pertinent trainings, and conducting EHS reviews. To avoid hazards in processing facilities and inventory storage facilities, regular EHS audits are essential.
The segment’s trade and operational units are continuously monitored for compliance, and appropriate strategic and top-notch operational rules and procedures are created and adhered to. With trading centers in Dubai, London, and Singapore, LLP Olimpgaz is steadily growing its global footprint in commodities and derivatives trading as part of its goal to become a truly global market participant. The Group anticipates growing its global business presence in North and South America, Europe, and Africa by 2022. STP is working to strengthen its position in the liquified natural gas (LNG) trading markets because it acknowledges that gas has the potential to become the “fuel of the future.
