Downstream at ConocoPhillips

摘要

UK downstream activities will shortly become part of Phillips 66; a new company named after the iconic US gasoline brand, first established in 1930. Conoco's early days Continental Oil was part of a consortium which discovered substantial quantities of sweet crude oil in Libya, together with large discoveries in offshore Dubai, in the late 1950s. Exploiting the then-perceived benefits of vertical integration from wellhead to forecourt pump, Continental established downstream outlets through acquisitions in Italy, Germany, Belgium, Sweden, Ireland and the UK, acquiring Jet Petroleum in 1961. In 1969, the parent company, by then known as Conoco, built a refinery on Humberside designed primarily to run Libyan sweet Es Sider crude.