Petroleum Corporation

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Petroleum Corporation
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Organisation
Type Crown monopoly
Owner(s) Government of Guelphia
Predecessor(s) Guelphia Oil
Headquarters 41 Phillip Avenue
Port Waiparu, ABNY
Products and services
Industry Energy

The Petroleum Corporation or Petrocorp is a crown monopoly of the Government of Guelphia. The corporations owns the oil terminal, refinery, pipelines on the Shark Island facility near the town of Port Waiparu, Albanyshire. However, owing the highly integrated nature of the global oil industry, Petrocorp does not operate the facility, but instead leases it to Argo Petroleum on a 29-year agreement that first commenced in 1986, and was renewed in 2015. The facility remains in government hands owing to the unique economic and strategic environment Guelphia finds itself in.

History

Regulation

Operations

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