Supply and Trading

Tamoil trades in the international market through Tamoil Overseas Limited, a Cypriot trading company which supplies and trades crude oil and refined products of diverse origin. The company is mainly active in the Mediterranean, Europe and in Africa.

• The bulk of crude oil supply and trading takes place between Tamoil and its main supplier the National Oil Corporation of Libya. Volumes of various grades purchased have increased from 222,000 barrels per day in 1988 to 357 thousand barrels per day in 2006.
  
  Tamoil’s total crude oil purchases reached 130.2 million barrels in 2006, covering its refineries' crude oil requirements and trading activities. Of the total crude oil purchased in 2006, approximately 80% was of Libyan origin. Purchases of alternative crude grades were made primarily to optimise refinery runs and to meet product quality specifications.