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ENERGY

Oil

We are one of the world’s leading marketers of crude oil and oil products, supplying millions of barrels of oil every day to customers around the world

We source crude oil and oil products from a range of suppliers – through our marketing offices in London, New York and Singapore.

To support our business, we have a substantial shipping portfolio and access to a range of logistics, storage and investment capabilities.

We also market natural gas, mostly in Europe.

Through Astron Energy, we are a leading supplier of petroleum products in South Africa, with a vast network of service stations that make us one of the country’s top two petroleum brands. Astron also owns and operates the country’s third-largest crude oil refinery in Cape Town, which has a capacity of 100,000 barrels a day, and a lubricants manufacturing plant in Durban.

Oil in numbers - 2023

  • 645 mbbl

    crude oil sold via our marketing business

  • 558 mbbl

    oil products sold via our marketing business

Uses of oil

Crude oil is refined into a range of oil products mainly used as fuels – including petrol and diesel for cars, jet fuel, heating oil and liquid petroleum gas (LPG). Derivatives also include asphalt used in roads, wax, and lubricants.

Our assets

We have interests in the upstream, midstream and downstream sectors of the Oil industry with the main assets being the Astron Refinery and downstream distribution business, the Ale Downstream distribution business in Brazil and an interest in the Aquarius Energy portfolio.

The Aquarius Energy portfolio provides petroleum products storage and logistics in the major global trading hubs and strategically important locations across Europe, Africa and the Americas. 

We also have offshore interests in operating fields in Equatorial Guinea as well as interests in Cameroon where significant oil and gas reserves have been discovered both onshore and offshore.  

  • Brazil

    Ale

    Fourth largest national fuel distributor in Brazil with a nationwide footprint of approximately ~1,200 active branded stations. The business serves over ~1,200 white flag and ~1,100 B2B clients monthly
    Find out more about Alesat

  • Cameroon

    A stake in the Bolongo block, where an exploration well was successfully drilled in 2012

  • Equatorial Guinea

    Blocks I and O, operated by Noble Energy, covering the Aseng field and gas condensate field

  • South Africa & Botswana

    Astron Energy

    Owned and operated 100,000 barrel a day crude oil refinery located in Cape Town. The company also has a vast network of approximately 850 service stations as well as a lubricants manufacturing plant in Durban.
    Find out more about Astron Energy

  • United Kingdom

    Aquarius Energy

    Aquarius Energy is a global portfolio of high-calibre petroleum products storage and logistics businesses located in strategic trading hubs.
    Find out more about Aquarius Energy

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Leadership

  • Alex Sanna
    Marketing lead
  • Colin Glasenberg
    Industrial lead

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