SPC Singapore: Your Guide to the Leading Petrochemical Company in Asia
If you’re looking for information about SPC Singapore, you’ve come to the right place. SPC, or the Singapore Petroleum Company, is a leading energy company in Singapore that provides a range of products and services to customers across the country. From petrol and diesel to lubricants and LPG, SPC has everything you need to keep your vehicles and machinery running smoothly.
Founded in 1969, SPC has a long history of providing high-quality products and services to customers in Singapore. Over the years, the company has expanded its operations and activities to include a range of other services, such as convenience stores, car washes, and more. Today, SPC is one of the most trusted and respected brands in Singapore, with a strong reputation for quality, reliability, and innovation.
So whether you’re looking for fuel for your car, or you need lubricants or LPG for your business, SPC Singapore has everything you need to keep your operations running smoothly. With a wide range of products and services, competitive pricing, and a commitment to customer satisfaction, SPC is the perfect choice for anyone looking for reliable and high-quality energy solutions in Singapore.
Key Takeaways
- SPC Singapore is a leading energy company that provides a range of products and services to customers across the country.
- Founded in 1969, SPC has a long history of providing high-quality products and services to customers in Singapore.
- With a wide range of products and services, competitive pricing, and a commitment to customer satisfaction, SPC is the perfect choice for anyone looking for reliable and high-quality energy solutions in Singapore.
Company Overview
History and Development
You may be interested to know that Singapore Petroleum Company Limited (SPC) was founded in 1969. Since then, it has grown to become a reputable supplier of crude and refined petroleum products in Singapore and the Asia-Pacific region. SPC has interests in oil and gas exploration and production, refining, terminalling and distribution, marketing and trading.
SPC’s core refining business encompasses the production and supply of quality refined fuel products from the Singapore Refining Company (SRC). SRC is a joint venture between SPC and PetroChina, a Chinese state-owned oil and gas company. The refinery is capable of processing 290,000 barrels of crude oil per day.
Corporate Structure
SPC is a publicly traded company listed on the Singapore Exchange. It is a subsidiary of PetroChina, which holds a 95.44% stake in the company. SPC’s management team is responsible for the day-to-day operations of the company, and its board of directors oversees its strategic direction.
Strategic Partnerships
SPC has formed strategic partnerships with several companies to enhance its business operations. One such partnership is with PetroChina, which has enabled SPC to expand its business in the Asia-Pacific region. SPC also has partnerships with several international shipping companies to supply bunker fuel at the Singapore port and jet fuel at several international airports in the region.
In addition, SPC has formed a joint venture with China Aviation Oil (Singapore) Corporation Ltd, a subsidiary of China National Aviation Fuel Group Corporation, to supply aviation fuel to airlines in Singapore. This joint venture has helped SPC to expand its business in the aviation fuel sector.
Overall, SPC’s strategic partnerships have enabled it to strengthen its operations and expand its business in the region.
Operations and Activities
SPC Singapore is a reputable supplier of bunker fuel to international shipping companies at the Singapore port and jet fuel at several international airports in Asia-Pacific. The company has interests in oil and gas exploration and production, refining, terminalling, distribution, marketing, and trading of crude and refined petroleum products.
Exploration and Production
SPC has 5 Production Sharing Contracts (PSCs) and 2 gas pipelines in the Asia-Pacific region. The company has made significant investments in upstream exploration and production of oil and gas.
Refining and Distribution
SPC operates a refinery on Jurong Island with a capacity of 290,000 barrels per day. The Singapore Refining Company (SRC), a joint venture between SPC and Chevron, operates the refinery. SPC’s refining activities involve the upgrading of crude oil into gasoline, diesel, and other petroleum products. The company also operates a gas transmission system on Jurong Island.
SPC has an extensive distribution network in Singapore, with retail stations located in Bukit Batok, Ang Mo Kio Ave 1, and Bukit Merah. The company also has a presence in Vietnam and Australia through its subsidiaries.
Retail and Trading
SPC has a strong retail network in Singapore, with over 40 service stations located across the island. The company offers a range of products and services, including petrol, diesel, and convenience stores.
In addition to its retail operations, SPC is also involved in trading crude oil and refined petroleum products. The company has a trading team that manages its trading activities, which include the purchase and sale of crude oil and petroleum products.
Overall, SPC Singapore is a leading player in the oil and gas industry, with a strong presence in exploration and production, refining and distribution, and retail and trading.
Frequently Asked Questions
What promotions are currently available at SPC petrol stations?
At SPC petrol stations, we offer various promotions and discounts on fuel and other products. You can check our website or mobile app to stay updated on the latest promotions and discounts available.
How can I locate the nearest SPC petrol station to my current location?
You can easily locate the nearest SPC petrol station to your current location by using our website or mobile app. Simply enter your location or allow our app to access your current location, and we will show you the nearest SPC petrol station.
What are the latest SPC fuel prices in Singapore?
We regularly update our fuel prices to ensure that our customers get the best value for their money. You can check our website or mobile app for the latest SPC fuel prices in Singapore.
Who is the owner of SPC petrol stations in Singapore?
SPC petrol stations in Singapore are owned by PetroChina International (Singapore) Pte Ltd, a subsidiary of PetroChina Company Limited.
Can you explain if SPC and Sinopec are the same company?
SPC and Sinopec are not the same company. SPC is owned by PetroChina International (Singapore) Pte Ltd, while Sinopec is owned by China Petroleum & Chemical Corporation.
What are the steps to avail of an SPC discount?
To avail of an SPC discount, you can sign up for our loyalty programme, SPC&U. You can earn points by purchasing fuel and other products at SPC petrol stations, which can be redeemed for discounts and other rewards. You can also check our website or mobile app for other promotions and discounts available.
