Crude Oil & Refined Products
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We aim to create a Downstream portfolio that is more focused on larger, integrated refining and petrochemical sites that are better able to respond to growth opportunities and tighter fuel specifications.
A key part of our strategy is to divest non-core assets while selectively investing in high-growth markets. We have retained our larger and more integrated refineries, and our current portfolio is positioned for optimisation across the value chain. We have interests in 22 refineries worldwide. They have the capacity to process a total of around 2. Efficiency improvements have contributed to a reduction in greenhouse gas emissions from our refineries and petrochemicals plants.
Achieving crude oil and refined products trading greater efficiency and operational reliability will also help us improve profitability. In the Netherlands, we began construction of a major unit at the Pernis refinery.
The new solvent deasphalter unit will remove heavier fractions from crude oil, allowing the refinery to upgrade a larger proportion of its oil intake into lighter, high-grade products. Completion is expected by the end crude oil and refined products trading Following completion of this transaction Shell will assume sole ownership of the Norco and Convent refineries in Louisiana, 11 distribution terminals and Shell-branded markets in various regions of the USA.
Motiva will have the right to exclusively sell Shell-branded gasoline and diesel in other regions in the USA. Shell Trading and Supply is one of the largest energy trading operations in the world. This global organisation combines our network of trading companies, industry-leading shipping and maritime capabilities and an integrated network of supply and distribution activities, to act as the central nervous system for Royal Dutch Shell. Through our main trading offices in London, Houston, Singapore, Dubai and Rotterdam we trade crude oil, natural gas, LNGelectricity, refined products, chemical feedstocks and environmental products.
This is the market interface for our Integrated Gas business, managing the flow of gas molecules around the world to meet customer demand for reliable and flexible energy supply. With more than distribution terminals and supply points in around 25 countries, our supply and distribution infrastructure is well positioned to make deliveries around the world.
This includes supplying feedstocks for our refineries and chemical plants and finished products such as gasoline, diesel and aviation fuel to our Marketing businesses and customers. Our Shell Shipping and Maritime business has a high level of expertise and decades of experience.
In addition, we crude oil and refined products trading more than oil and LNG vessels on time charter. There crude oil and refined products trading around 2, vessels associated with Shell on the water on any given day, including the ships, barges, drilling rigs, supply boats, FPSOs, FSRUs, SBMs and the related operations that take place in ports and terminals. Read a textual description of the above chart.
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