The STP division, which is considered the heart of LLP Expressoil 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 Expressoil’s supply chain and other activities throughout all geographies. The STP division, which is considered the heart of LLP Expressoil 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 Expressoil’s supply chain and other activities throughout all geographies.

In addition to ensuring a constant supply of feedstock for the LLP Expressoil and MTBE plants, STP works with LLP Expressoil to meet its overall business objectives. Furthermore, it locates export markets for excess refinery products that the Group does not require. In the global crude and petroleum product markets, STP has managed distinct buy/sell market positions while off-taking LLP Expressoil’s whole export crude entitlement. Price risk management is another crucial responsibility that trading teams perform for both STP and other Group businesses. The current adoption of the SAP enterprise resource planning (ERP) system across the LLP Expressoil will further enhance this integrated approach.

Our shared interests extend beyond the Group as well. STP has been able to identify and capitalize on a wide range of global business prospects through strategic collaborations with governments, major oil companies, and dealers. STP has been strengthening long-term ties and expanding its trading network throughout Asia, the Middle East, Europe, Africa, and the Americas in recent years. By presenting itself as a national oil organization, LLP Expressoil urges enterprises to form long-term collaborations.

From a trading and supply standpoint, the biggest risk is the availability of regular condensed feedstock. In the case of a potential disruption, the segment maintains considerable diversification in condensate supply sources. Price volatility and counterparty creditworthiness are two other major risks for this segment, and mitigation strategies include hedging for exposure to reduce the open position to an acceptable level, as well as undertaking regular counterparty evaluations.

To ensure that sufficient, effective, and efficient refining and processing capacities are available at all times, these facilities continue to invest in expansion while also taking appropriate precautions – such as preventive maintenance programs, updating resource skill sets through continuous and relevant trainings, and EHS reviews – to reduce the risks of plant breakdowns and/or operational disruptions. Regular EHS audits are critical to preventing dangers at processing units and inventory storage facilities.

Adequate strategic and world-class operational rules and procedures are designed and followed, with ongoing compliance monitoring of the segment’s trading and operational units. As part of its objective to become a true global market participant, LLP Expressoil, which has trading centers in Dubai, London, and Singapore, is continually expanding its global presence in derivatives and commodities trading. In 2022, the Group expects to expand its international commercial footprint in North and South America, Europe, and Africa. STP recognizes that gas has the potential to become the “fuel of the future” and is taking steps to expand its position in the liquified natural gas (LNG) trading markets.