Annual Report 2023

In 2023, Staatsolie reached consolidated gross revenues of US$722 million, compared to US$840 million in 2022. Pre-tax profit in 2023 was US$426 million, compared to US$430 million in 2022. We produced 6.27 million barrels of crude oil. Our refinery produced 3.16 million barrels of diesel and gasoline in 2023, and our subsidiary SPCS generated approximately 1.60 million MWh of electricity, of which 75% came from our hydro-electric plant.

Read it all in our full Annual Report 2023. There is also a summary available.