Oil Sales, Trading and Supply
We are one of the largest net sellers of crude oil in the world, operating from sales offices in Stavanger, Oslo, London, Singapore and Stamford, selling and trading crude oil, condensate, NGL and refined products.
We market and sell our own volumes of crude and NGLs, together with those of the Norwegian State and third party volumes. In 2008, we sold 717 mmbbl of crude oil and condensate. This included sales to our own refineries and other internal entities.
The main crude oil market for StatoilHydro is in north-western Europe. In addition, we also sell volumes to North America and Asia. Most of the crude oil volumes are sold in the crude spot market based on publicly quoted market prices. Of the total volumes sold in 2008, approximately 45% were StatoilHydro volumes.
