All oil – whether it’s light, medium or heavy – needs to be refined once it’s out of the ground so it can be made into usable products. Through our 50 percent ownership in two oil refineries in the U.S. – Wood River, located in Illinois, and Borger, located in Texas – we capture the full value from crude oil production through to refined products such as gasoline, diesel and jet fuel. Our interest in these refineries is through our partnership with Phillips 66, operator of these facilities.
Wood River Refinery
Located in Roxana, Illinois, the Wood River Refinery has a processing capacity of approximately 314,000 barrels per day. It processes crude oil to produce gasoline, diesel and jet fuel, petrochemical feedstocks and asphalt.
In November 2011, a new four-drum coker was completed as part of the coker and refinery expansion (CORE) project at Wood River. The completed coker construction and start-up of the CORE project at Wood River increased total Canadian heavy crude oil processing capacity to up to 220,000 barrels per day, increasing the production of clean transportation fuels for the U.S. Midwest market, including St. Louis and Chicago.
Located in Borger, Texas, this refinery has a processing capacity of approximately 146,000 barrels per day, including 35,000 barrels of crude oil and 45,000 barrels per day of natural gas liquids. It produces gasoline, diesel and jet fuel along with natural gas liquids and solvents. A coker with a capacity of approximately 25,000 barrels per day was brought into service in 2007, enabling the refinery to process about 35,000 barrels per day of heavy oil blends.