Welcome to Capital Oil & Gas, Ltd.

The company maintains third party capacity processing agreements with a number of refineries in Europe, Southwest and Southeast Asia and the Pacific Rim.

We use these relationships to acquire crude oil and, after processing, market the refined products to various customers throughout the world.

THAI PETROCHEMICAL INDUSTRIES, Bangkok, Thailand
This 200,000 bopd refinery has been working with Capital since 1997 when under exclusive authority we arranged a crude supply for the refinery directly with ARAMCO. The 200,000 barrels per day of throughput is available to us with 90 days notice is given to the plant

PETROMEDIA, Constanza, Romania
This facility is the largest and most sophisticated of the Romanian refineries. The Russian crude to be refined was loaded in Odessa for the short voyage to Constanza. The crude oil was refined and the products were exchanged for cargoes of heavy fuel oil of equal value and the fuel oil sold to the government of Romania.

RAFO - PETROTEL, Romania
These smaller refineries were used to process REBCO. Crude oil quantities totaling 160,000 metric tons were delivered. The resulting products were sold to the government of Turkey in a barter arrangement which included the exchange of product for cement.

INA, Rijeke, Croatia
This state of the art refinery was used to process Iranian crude oil purchased through Elf Trading in Geneva. with the resulting products sold to Veba of Germany, which has purchased refined products from the Capital for more than 10 years.

IZMIR and IZMIT, Turkey
These government owned refineries were used to process REBCO and the host government purchased all of the products for domestic consumption, save for the modest quantities of gasoline which were sold into Romania.

RAJIN-SONGBONG, North Korea
Under exclusive license from the United Nations and with the approval of the Korean Energy Development Organization (KEDO), we had a ten year (1995-2005) processing agreement with the sole refinery in North Korea.

NEFTOCHIM, Bourgas Bulgaria
This refinery on the Eastern border of Bulgaria was used by Capital for the processing of Russian crude oil purchased by Capital and processed with maximum production of 3.5% fuel oil and Russian Gasoil which was sold into the local markets. We processed approximately 120,000 metric tons of crude at this plant.

It is hoped that crude from The Americas, Middle East or CIS will be transported across the Pacific to be refined by our refinery partners in Asia as the demand for products outstrips the supply.