Businessweek

es all hydrocarbons in the Ash Shaer and Cherrife development areas, which cover approximately 300,000 acres. The company conducts its Syrian operations pursuant to a PSC, under which the company is a co-owner of the Ebla project with the General Petroleum Corporation. The Ebla development comprises six natural gas producing wells in the Ash Shaer field. North America Onshore – Assets and Operations The North America Onshore business explores for, develops and produces natural gas, natural gas liquids, crude oil and byproducts in Western Canada. Operations in 2012, primarily focused on multiple geological zones throughout Western Canada. In Western Canada, the company operates various natural gas processing plants, with total licensed capacity of 772 millions of cubic feet of natural gas per day (mmcf/d), of which the company's share is 470 mmcf/d. Sales of Principal Products Oil and gas production from East Coast Canada and the North Sea, and substantially all production from North America Onshore is sold to the company’s Energy Trading business, which then markets the products to customers under direct sales arrangements. North America Onshore Royalties for the company’s North America Onshore production in Alberta are regulated by the Natural Gas Royalty Regulation 2009. Royalties for the company’s North America Onshore production in B.C. are regulated primarily by the Petroleum and Natural Gas Royalty and Freehold Production Tax Regulation. REFINING AND MARKETING This segment consists of two primary operations, refining and product supply; and downstream marketing Refining and product supply operations refine crude oil into a range of petroleum and petrochemical products. Eastern North America operations include refineries located in Montreal, Quebec, and Sarnia, Ontario, and a lubricants business located in Mississauga, Ontario, that manufactures, blends, and markets products worldwide. Western North America operations include refineries located in Edmonton, Alberta, and Commerce City, Colorado. Other Refining and Product Supply assets include interests in a petrochemical plant, pipelines and product terminals in Canada and the U.S. Downstream marketing operations sell refined petroleum products and lubricants to retail, commercial and industrial customers through a combination of company-owned, branded-dealer and other retail stations in Canada and Colorado, a nationwide commercial road transport network in Canada, and a bulk sales channel in Canada. Eastern North America The Montreal refinery has a crude oil capacity of 137,000 bbls/d, processing primarily foreign conventional crude oil, with a flexible configuration that allows processing of light, sour and heavy grades of crude oil, as well as intermediate feedstock. The Sarnia refinery has a crude oil capacity of 85,000 bbls/d, processing both SCO from the company's Oil Sands operations and conventional crude oil purchased from third parties on a spot basis or under contracts that can be terminated on short notice. The company holds a 51% interest in ParaChem Chemicals L.P. (ParaChem), which owns and operates a petrochemicals plant located adjacent to the Montreal refinery. Feedstock for the plant includes xylene and toluene produced by the Montreal and Sarnia refineries. The plant primarily produces paraxylene, which is used by customers to manufacture polyester textiles and plastic bottles. ParaChem also produces benzene, hydrogen and heavy aromatics. The company’s lubricants plant produces specialty lubricants and waxes that are marketed in Canada and internationally. Western North America Effective January 1, 2013, the company increased the nameplate capacity of the Edmonton refinery to 140,000 bbls/d from 135,000 bbls/d. The Commerce City refinery has a crude oil capacity of 98,000 bbls/d. Distribution Terminals and Pipelines The company owns and operates 13 major refined products terminals across Canada (including terminals adjacent to refineries) and 2 product terminals in Colorado. Marketing The company’s retail service station network operates nationally in Canada under the Petro-Canada brand. As o