CRUDE OIL
Crude oil is the lifeblood of the global energy industry, serving as the primary source for a multitude of refined products that drive economies worldwide. From transportation fuels to petrochemicals used in manufacturing, crude oil is indispensable in powering modern societies and industries.
Crude Oil – Saudi Light Crude Oil (SLCO)
Saudi Arabia has been described as the world “mother lode” of oil and gas reserves. Estimates for 1990 placed total oil reserves of the kingdom at 261 billion barrels. Around two-thirds of Saudi reserves are considered “light” or “extra light” grades of oil, with the rest either “medium” or “heavy.”
Although Saudi Arabia has around 80 oil and gas fields (and over 1,000 wells), more than half of its oil reserves are contained in only eight fields,
That includes Ghawar (the world’s largest oil field, with estimated remaining reserves of 70 billion barrels) and Safaniya (the world’s largest offshore oilfield, with estimated reserves of 35 billion barrels).
Ghawar’s main producing structures are, from north to south: Ain Dar, Shedgum, Uthmaniyah, Hawiyah, and Haradh. Ghawar alone accounts for about half of Saudi Arabia’s total oil production
WHY CHOOSE A REPUTABLE CRUDE OIL SUPPLIER?
At MOT, crude oil undergoes initial processing and storage before being transported to refineries for further processing. The tank farm is equipped with state-of-the-art monitoring systems to ensure the integrity of stored crude oil, preventing leaks, spills, and contamination that could compromise its quality or pose environmental risks.
We have long-standing relationships with major oil producers in OPEC nations like Saudi Arabia, as well as non-OPEC countries. Our team oversees every step of the crude oil supply chain, from production to transportation, ensuring the quality and purity of each barrel.
Whether your order is 50,000 or 500,000 barrels, you can trust us to deliver your crude oil on time, every time. We understand the financial implications of supply disruptions.
With our extensive network and real-time market intelligence, we provide guidance on optimizing your crude oil procurement strategy. We can alert you to geopolitical events or other factors that may impact pricing or availability.
We offer crude blends tailored to your refinery configuration. Our flexibility and responsiveness to customers’ needs set us apart. Tell us your specifications, and we will source the right crude oil supply.
The versatility of crude oil lies in its ability to be refined into a diverse range of products. These include gasoline (petrol), diesel, jet fuel, heating oil, and various petrochemicals used in plastics, pharmaceuticals, and other industrial applications. Each product requires specific refining processes, with crude oil serving as the fundamental feedstock.
The global demand for crude oil continues to be driven by economic growth, industrialization, and transportation needs. MOT’s strategic location and efficient operations enable them to handle large quantities of crude oil, facilitating its timely delivery to refineries across Europe and beyond.
Environmental considerations are paramount in the storage and handling of crude oil. MOT implements stringent measures to minimize environmental impact, including spill containment systems, regular inspections, and adherence to strict regulatory requirements. These efforts ensure that crude oil is managed responsibly throughout its journey from extraction to end-use applications.