Refined products are derived from crude oil through processes such as distillation and catalytic cracking. Refining is necessary to transform crude oil into products that fuel the modern economy.
The various refined products have different physical and chemical characteristics. OQ Supply & Trading’s refined products portfolio includes, but is not limited to, the below:
Commonly used as a fuel for internal combustion engines from cars to industrial equipment. Unlike other commodities, gasoline is often blended using a number of components to meet specification requirements of different countries. In any given month, OQ Supply & Trading manages more than 6 components and blends finished grade gasoline for more than a dozen customers.
OQ Supply & Trading is a large trader of gasoil and diesel. The fundamental difference between these otherwise similar products is the sulphur content. This fuel has a broad range of use, and can be used to energize cars and ships and keep power plants running. OQ Supply & Trading specializes in blending and handling multiple grades of this fuel from the lowest sulphur available to higher sulphur grade.
One of the most diversely used fuels, LPG is used for cooking, heating, fuelling cars and as a petrochemical feedstock also. It is one of the fastest growing consumed fuels, as emerging markets seek to shift their demand towards this cleaner fuel from dirtier alternatives. OQ Supply & Trading is a large supplier of pressurized LPG to neighbouring markets. With new sources of production coming from Oman, we expect to grow our presence significantly.
This product has various applications, the main ones being feedstock for gasoline and the manufacture of petrochemicals. OQ Supply & Trading’s activities centre around supplying naphtha to OQ’s downstream business for aromatics production in Sohar. For this, OQ Supply & Trading sources this fuel from as far away as Northwest Europe and from closer to home sources. One of the output streams from OQ Downstream is a light naphtha which is used for gasoline blending and further conversion into other products. OQ Supply & Trading trades this product and uses it for its own gasoline blending purposes.
An aviation fuel designed to power gas-turbine engine aircrafts. The most commonly used fuel for commercial aviation is Jet A1, which is produced to a standardized international specification. OQ Supply & Trading’s principal markets are regional, but will occasionally capture opportunities to supply into European markets through other suppliers.