Manufacturing and Marketing 

 

Business strategy:

Manufacturing & Marketing (M&M) aims to contribute to the integrated value chain for oil by developing selected competitive positions, thus maximising the value of crude oil production and increasing the value of our upstream portfolio. We plan to continue developing our position in North America by maximising value creation relating to the company’s crude oil production in Canada and the Gulf of Mexico in addition to equity oil shipped to the USA from other regions.

Key events:

• We signed a purchase agreement with ConocoPhillips for its Scandinavian Jet brand unmanned gas station network
• Building of the combined heat and power plant at Mongstad started
• Our energy and retail business on the Faeroe Islands was sold

Facts:

M&M creates value by processing and selling the company and the State’s crude oil and liquefied natural gas (LNG) and is responsible for the transportation of oil, refining, sales of crude oil and refined products, and for the retail business. Operating in 12 countries, M&M runs two refineries, one methanol plant, two crude oil terminals and an extensive distribution network. More than one million customers visit our approximately 2300 petrol stations daily. M&M employs more than 13,000 people of more than 30 different nationalities.