Petro-Canada
Encyclopedia
Petro-Canada was a crown corporation of Canada
in the field of oil
and natural gas
. It was headquartered in the Petro-Canada Centre
in Calgary
, Alberta
. In August, 2009, Petro-Canada merged with Suncor Energy
, a deal in which Suncor investors received approximately 60 per cent ownership of the combined company and Petro-Canada investors received approximately 40 percent. The combined company retained the Suncor Energy name for upstream operations and uses the Petro-Canada brand nationwide for downstream retail operations.
In 1973, world oil prices
quadrupled due to the Arab
oil embargo following the Yom Kippur War
. The province of Alberta
had substantial oil reserves
, whose extraction had long been controlled by American
corporations. The government of Prime Minister
Pierre Trudeau
and the opposition New Democratic Party
felt that these corporations geared most of their production to the American market, and as a result little of the benefit of rising oil prices went to Canadians. This view was not widely shared in the oil-producing province of Alberta
.
The bill to create a publicly-run oil company was introduced by the New Democratic Party
in 1973. Trudeau's Liberals
were then in a minority government
and dependent upon the support of the NDP to stay in power. The idea also fit with Trudeau's economic nationalism. The Liberals and NDP passed the bill over the opposition of the Progressive Conservative Party
led by Robert Stanfield
.
Petro-Canada was founded as a Crown Corporation in 1975 by an act of Parliament. It started its operations on 1 January 1976. The company was given C$1.5 billion in start-up money and easy access to new sources of capital. It was set up in Calgary, despite the hostility of that city's population and existing oil firms. Its first president was Maurice Strong
. The Progressive Conservatives (PCs), then led by Alberta
n Joe Clark
, were opponents of the company, and advocated breaking it up and selling it. However, they were unable to proceed with these plans during their brief time in power.
With the establishment of Petro-Canada, the federal government transferred its 45% stake in Panarctic Oils Ltd.
and 12% in Syncrude
to the newly established company. In 1976, Petro-Canada purchased Atlantic Richfield Canada
, in 1978 Pacific Petroleums, and in 1981 Petrofina
. Most of the original Petro-Canada refineries and service stations were acquired from British Petroleum Canada
in 1983. In 1985, Petro-Canada acquired the Canadian retail stations of Gulf
.
The company became popular outside Alberta as a symbol of Canadian nationalism. The federal government and Petro-Canada tried to reinforce this popularity nationwide (but especially in Calgary) through its prominent sponsorship of the city's successful 1988 Winter Olympics
bid. It quickly grew to be one of the largest players in the traditional oil fields of the west as well as in the oil sands and the East coast offshore oil fields.
When the Liberals returned to power in 1980, energy policy was an important focus, and the sweeping National Energy Program
was created. This expanded Petro-Canada, but it was detrimental to Alberta's economy. The PC government of Prime Minister
Brian Mulroney
(1984–1993) stopped using Petro-Canada as a policy tool, and it began to compete fully and successfully with the private sector companies.
In 1990, the government announced its intention to privatize Petro-Canada and the first shares were sold on the open market in July 1991, at $13 each. The government began to slowly sell its majority control, but keeping a 19% stake in the company. No other shareholder was allowed to own more than 10%, however. Also foreigners cannot control more than 25% of the company.
During the first year, the value of the shares gradually dropped to $8 as Petro-Canada suffered a loss of $603 million, primarily because of the devaluation of some assets. The newly-private company significantly reduced the number of properties in which it had a direct interest. It reduced its annual operating costs by $300 million and it went from a staff of close to 11,000 to only about 5,000 employees. Many of these laid off employees went on to work and start up other oil companies in Alberta creating a new group of Canadian producers but many did not work in other oil companies and some left Alberta to find work elsewhere.
In his 2004 federal budget, Finance Minister
Ralph Goodale
pledged to sell the government's remaining stake in the company and by the end of the year it had sold its 19% stake, 49 million shares in all, for net proceeds of $3.2 billion. As of June 2007, the company's largest shareholders were Capital Research and Management Company (a Capital Group company), with 7.3%, and Barclays, with 4%.
The merger of Petro-Canada and Suncor
was announced on March 23, 2009. This created a company with a combined market capitalization of $43.3 billion. The merger was completed on 1 August 2009.
As of 2008, Petro-Canada was Canada's 11th largest company and second-largest downstream
company with important interests in such projects as Hibernia
, Terra Nova
, and White Rose
; its gas stations remained a presence in most Canadian cities. It owned refineries in Edmonton
, Alberta
(135,000 bpd) and Montreal
, Quebec
(160,000 bpd), accounting for 16% of the Canadian industry's total refining capacity. Its lubricants plant in Mississauga, Ontario
(15,600 bpd) refined crude oil feedstock to produce lubricating oil-based stocks (13,600 bpd of API Group II capacity and 2,000 bpd of API Group III capacity) and other specialized products. All these facilities are currently run by Suncor.
At one time, the company had international operations in Algeria
, the Netherlands
, Tunisia
, the United Kingdom
, Syria
, Italy
, Libya
, Trinidad and Tobago
, Venezuela
, Morocco
and Norway
. These sites outside of North America were run by the International and Offshore Business Unit of Petro-Canada with its headquarters in London
. This was the largest business unit, and much of its assets were part of the former Veba Oel company based in Essen
, Germany
.
In 2006, the company entered the mobile phone market with a prepaid service called Petro-Canada Mobility
.
In recent years, Petro-Canada has been opening a new fast-food oriented branded convenience store called Neighbours. Some of these locations include drive-thrus and a new “Touchless” Glide car wash. Many of these new stores are in the GTA with a new store slated for Stittsville in Ottawa. Some other locations also include an A&W restaurant within its stores.
Petro-Canada is a Suncor-owned brand for retail and marketing networks of petrol and lubricant
s. It has a loyalty program
called "Petro Points" where the customers get points for fuel, car repair and store purchases. Its main petrol/gasoline additive was Tactrol
.
The company teams up with Citibank
for a Petro Points MasterCard
. In June 2010, CIBC said it has signed a deal to buy a $2.1-billion credit card portfolio from Citigroup
’s Citibank Canada
MasterCard
business including the Citi Petro-Canada MasterCard (but excluding the Citi Petro-Canada personal credit card).
Petro-Canada also runs a chain of car repair stations called Certigard Car Repair.
Retail
Polish pages
Lubricants
Crown corporations of Canada
Canadian Crown corporations are enterprises owned by the federal government of Canada , one of Canada's provincial governments or one of the territorial governments. Crown corporations have a long standing presence in the country and have been instrumental in the formation of the state...
in the field of oil
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
and natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
. It was headquartered in the Petro-Canada Centre
Petro-Canada Centre
The Suncor Energy Centre, formerly the Petro-Canada Centre is a 1,945,000 square foot project composed of two granite and reflective glass-clad office towers of 32 floors and 53 floors, situated in the office core of downtown Calgary, Alberta...
in Calgary
Calgary
Calgary is a city in the Province of Alberta, Canada. It is located in the south of the province, in an area of foothills and prairie, approximately east of the front ranges of the Canadian Rockies...
, Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
. In August, 2009, Petro-Canada merged with Suncor Energy
Suncor Energy
Suncor Energy Inc. is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands...
, a deal in which Suncor investors received approximately 60 per cent ownership of the combined company and Petro-Canada investors received approximately 40 percent. The combined company retained the Suncor Energy name for upstream operations and uses the Petro-Canada brand nationwide for downstream retail operations.
History
1973 oil crisis
The 1973 oil crisis started in October 1973, when the members of Organization of Arab Petroleum Exporting Countries or the OAPEC proclaimed an oil embargo. This was "in response to the U.S. decision to re-supply the Israeli military" during the Yom Kippur war. It lasted until March 1974. With the...
quadrupled due to the Arab
Arab
Arab people, also known as Arabs , are a panethnicity primarily living in the Arab world, which is located in Western Asia and North Africa. They are identified as such on one or more of genealogical, linguistic, or cultural grounds, with tribal affiliations, and intra-tribal relationships playing...
oil embargo following the Yom Kippur War
Yom Kippur War
The Yom Kippur War, Ramadan War or October War , also known as the 1973 Arab-Israeli War and the Fourth Arab-Israeli War, was fought from October 6 to 25, 1973, between Israel and a coalition of Arab states led by Egypt and Syria...
. The province of Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
had substantial oil reserves
Oil reserves
The total estimated amount of oil in an oil reservoir, including both producible and non-producible oil, is called oil in place. However, because of reservoir characteristics and limitations in petroleum extraction technologies, only a fraction of this oil can be brought to the surface, and it is...
, whose extraction had long been controlled by American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
corporations. The government of Prime Minister
Prime Minister of Canada
The Prime Minister of Canada is the primary minister of the Crown, chairman of the Cabinet, and thus head of government for Canada, charged with advising the Canadian monarch or viceroy on the exercise of the executive powers vested in them by the constitution...
Pierre Trudeau
Pierre Trudeau
Joseph Philippe Pierre Yves Elliott Trudeau, , usually known as Pierre Trudeau or Pierre Elliott Trudeau, was the 15th Prime Minister of Canada from April 20, 1968 to June 4, 1979, and again from March 3, 1980 to June 30, 1984.Trudeau began his political career campaigning for socialist ideals,...
and the opposition New Democratic Party
New Democratic Party
The New Democratic Party , commonly referred to as the NDP, is a federal social-democratic political party in Canada. The interim leader of the NDP is Nycole Turmel who was appointed to the position due to the illness of Jack Layton, who died on August 22, 2011. The provincial wings of the NDP in...
felt that these corporations geared most of their production to the American market, and as a result little of the benefit of rising oil prices went to Canadians. This view was not widely shared in the oil-producing province of Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
.
The bill to create a publicly-run oil company was introduced by the New Democratic Party
New Democratic Party
The New Democratic Party , commonly referred to as the NDP, is a federal social-democratic political party in Canada. The interim leader of the NDP is Nycole Turmel who was appointed to the position due to the illness of Jack Layton, who died on August 22, 2011. The provincial wings of the NDP in...
in 1973. Trudeau's Liberals
Liberal Party of Canada
The Liberal Party of Canada , colloquially known as the Grits, is the oldest federally registered party in Canada. In the conventional political spectrum, the party sits between the centre and the centre-left. Historically the Liberal Party has positioned itself to the left of the Conservative...
were then in a minority government
Minority government
A minority government or a minority cabinet is a cabinet of a parliamentary system formed when a political party or coalition of parties does not have a majority of overall seats in the parliament but is sworn into government to break a Hung Parliament election result. It is also known as a...
and dependent upon the support of the NDP to stay in power. The idea also fit with Trudeau's economic nationalism. The Liberals and NDP passed the bill over the opposition of the Progressive Conservative Party
Progressive Conservative Party of Canada
The Progressive Conservative Party of Canada was a Canadian political party with a centre-right stance on economic issues and, after the 1970s, a centrist stance on social issues....
led by Robert Stanfield
Robert Stanfield
Robert Lorne Stanfield, PC, QC was the 17th Premier of Nova Scotia and leader of the federal Progressive Conservative Party of Canada. He is sometimes referred to as "the greatest prime minister Canada never had", and earned the nickname "Honest Bob"...
.
Petro-Canada was founded as a Crown Corporation in 1975 by an act of Parliament. It started its operations on 1 January 1976. The company was given C$1.5 billion in start-up money and easy access to new sources of capital. It was set up in Calgary, despite the hostility of that city's population and existing oil firms. Its first president was Maurice Strong
Maurice Strong
Maurice F. Strong, PC, CC, OM, FRSC is a Canadian entrepreneur and a former under-secretary general of the United Nations. Strong's first name is pronounced "Mor'ris" with the accent on the first syllable....
. The Progressive Conservatives (PCs), then led by Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
n Joe Clark
Joe Clark
Charles Joseph "Joe" Clark, is a Canadian statesman, businessman, and university professor, and former journalist and politician...
, were opponents of the company, and advocated breaking it up and selling it. However, they were unable to proceed with these plans during their brief time in power.
Panarctic Oils Ltd.
Panarctic Oils was formed in 1968 as a result of the Canadian government's eagerness to encourage exploration of the Canadian Arctic islands and to assert Canadian sovereignty in the region. That company consolidated the interests of 75 companies and individuals with Arctic Islands land holdings...
and 12% in Syncrude
Syncrude
Syncrude Canada Ltd. is the world's largest producer of synthetic crude oil from oil sands and the largest single source producer in Canada. It is located just outside Fort McMurray in the Athabasca Oil Sands, and has a nameplate capacity of of oil, equivalent to about 13% of Canada's consumption...
to the newly established company. In 1976, Petro-Canada purchased Atlantic Richfield Canada
ARCO
Atlantic Richfield Company is an oil company with operations in the United States as well as in Indonesia, the North Sea, and the South China Sea. It has more than 1,300 gas stations in the western part of the United States. ARCO was originally formed by the merger of East Coast-based Atlantic...
, in 1978 Pacific Petroleums, and in 1981 Petrofina
Petrofina
Petrofina was a Belgian oil company which merged with Total in 1999 to form TotalFina, but the name has now been changed back to Total after another merger...
. Most of the original Petro-Canada refineries and service stations were acquired from British Petroleum Canada
BP
BP p.l.c. is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors"...
in 1983. In 1985, Petro-Canada acquired the Canadian retail stations of Gulf
Gulf Oil
Gulf Oil was a major global oil company from the 1900s to the 1980s. The eighth-largest American manufacturing company in 1941 and the ninth-largest in 1979, Gulf Oil was one of the so-called Seven Sisters oil companies...
.
The company became popular outside Alberta as a symbol of Canadian nationalism. The federal government and Petro-Canada tried to reinforce this popularity nationwide (but especially in Calgary) through its prominent sponsorship of the city's successful 1988 Winter Olympics
1988 Winter Olympics
The 1988 Winter Olympics, officially known as the XV Olympic Winter Games, were a winter multi-sport event celebrated in and around Calgary, Alberta, Canada from 13 to 28 February 1988. The host was selected in 1981 after having beat Falun, Sweden and Cortina d'Ampezzo, Italy...
bid. It quickly grew to be one of the largest players in the traditional oil fields of the west as well as in the oil sands and the East coast offshore oil fields.
When the Liberals returned to power in 1980, energy policy was an important focus, and the sweeping National Energy Program
National Energy Program
The National Energy Program was an energy policy of the Government of Canada. It was created under the Liberal government of Prime Minister Pierre Trudeau by Minister of Energy Marc Lalonde in 1980, and administered by the Department of Energy, Mines and Resources.-Description:The NEP was...
was created. This expanded Petro-Canada, but it was detrimental to Alberta's economy. The PC government of Prime Minister
Prime Minister of Canada
The Prime Minister of Canada is the primary minister of the Crown, chairman of the Cabinet, and thus head of government for Canada, charged with advising the Canadian monarch or viceroy on the exercise of the executive powers vested in them by the constitution...
Brian Mulroney
Brian Mulroney
Martin Brian Mulroney, was the 18th Prime Minister of Canada from September 17, 1984, to June 25, 1993 and was leader of the Progressive Conservative Party of Canada from 1983 to 1993. His tenure as Prime Minister was marked by the introduction of major economic reforms, such as the Canada-U.S...
(1984–1993) stopped using Petro-Canada as a policy tool, and it began to compete fully and successfully with the private sector companies.
In 1990, the government announced its intention to privatize Petro-Canada and the first shares were sold on the open market in July 1991, at $13 each. The government began to slowly sell its majority control, but keeping a 19% stake in the company. No other shareholder was allowed to own more than 10%, however. Also foreigners cannot control more than 25% of the company.
During the first year, the value of the shares gradually dropped to $8 as Petro-Canada suffered a loss of $603 million, primarily because of the devaluation of some assets. The newly-private company significantly reduced the number of properties in which it had a direct interest. It reduced its annual operating costs by $300 million and it went from a staff of close to 11,000 to only about 5,000 employees. Many of these laid off employees went on to work and start up other oil companies in Alberta creating a new group of Canadian producers but many did not work in other oil companies and some left Alberta to find work elsewhere.
In his 2004 federal budget, Finance Minister
Minister of Finance (Canada)
The Minister of Finance is the Minister of the Crown in the Canadian Cabinet who is responsible each year for presenting the federal government's budget...
Ralph Goodale
Ralph Goodale
Ralph Edward Goodale, PC, MP was Canada's Minister of Finance from 2003 to 2006 and continues to be a Liberal Member of Parliament...
pledged to sell the government's remaining stake in the company and by the end of the year it had sold its 19% stake, 49 million shares in all, for net proceeds of $3.2 billion. As of June 2007, the company's largest shareholders were Capital Research and Management Company (a Capital Group company), with 7.3%, and Barclays, with 4%.
The merger of Petro-Canada and Suncor
Suncor Energy
Suncor Energy Inc. is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands...
was announced on March 23, 2009. This created a company with a combined market capitalization of $43.3 billion. The merger was completed on 1 August 2009.
Operations
Downstream (oil industry)
The petroleum industry is usually divided into three major components: Upstream, midstream and downstream. Midstream operations are usually included in the downstream category....
company with important interests in such projects as Hibernia
Hibernia (oil field)
Hibernia is an oil field in the North Atlantic Ocean, approximately east-southeast of St. John's, Newfoundland, Canada.The production platform Hibernia is the world's largest oil platform and consists of a 37,000-tonne integrated topsides facility mounted on a 600,000-tonne gravity base structure...
, Terra Nova
Terra Nova (oil field)
Terra Nova is an oil field development project 350 kilometres off the coast of Newfoundland. Discovered in 1984 by Petro-Canada, the field is the second largest off Canada's East Coast. Terra Nova is the first harsh environment development in North America to use a Floating Production Storage and...
, and White Rose
White Rose (oil field)
White Rose is an oil field development project 350 kilometres off the coast of Newfoundland. Husky Energy is the operator and 72.5 per cent interest holder in the White Rose oil fields....
; its gas stations remained a presence in most Canadian cities. It owned refineries in Edmonton
Edmonton
Edmonton is the capital of the Canadian province of Alberta and is the province's second-largest city. Edmonton is located on the North Saskatchewan River and is the centre of the Edmonton Capital Region, which is surrounded by the central region of the province.The city and its census...
, Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
(135,000 bpd) and Montreal
Montreal Refinery
The Montreal Refinery is an oil refinery located in the city of Montreal inside the Rivière-des-Prairies–Pointe-aux-Trembles borough. The refinery is not far from the Montreal East Refinery. This refinery is the largest Suncor Energy refinery....
, Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
(160,000 bpd), accounting for 16% of the Canadian industry's total refining capacity. Its lubricants plant in Mississauga, Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
(15,600 bpd) refined crude oil feedstock to produce lubricating oil-based stocks (13,600 bpd of API Group II capacity and 2,000 bpd of API Group III capacity) and other specialized products. All these facilities are currently run by Suncor.
At one time, the company had international operations in Algeria
Algeria
Algeria , officially the People's Democratic Republic of Algeria , also formally referred to as the Democratic and Popular Republic of Algeria, is a country in the Maghreb region of Northwest Africa with Algiers as its capital.In terms of land area, it is the largest country in Africa and the Arab...
, the Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
, Tunisia
Tunisia
Tunisia , officially the Tunisian RepublicThe long name of Tunisia in other languages used in the country is: , is the northernmost country in Africa. It is a Maghreb country and is bordered by Algeria to the west, Libya to the southeast, and the Mediterranean Sea to the north and east. Its area...
, the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, Syria
Syria
Syria , officially the Syrian Arab Republic , is a country in Western Asia, bordering Lebanon and the Mediterranean Sea to the West, Turkey to the north, Iraq to the east, Jordan to the south, and Israel to the southwest....
, Italy
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
, Libya
Libya
Libya is an African country in the Maghreb region of North Africa bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west....
, Trinidad and Tobago
Trinidad and Tobago
Trinidad and Tobago officially the Republic of Trinidad and Tobago is an archipelagic state in the southern Caribbean, lying just off the coast of northeastern Venezuela and south of Grenada in the Lesser Antilles...
, Venezuela
Venezuela
Venezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...
, Morocco
Morocco
Morocco , officially the Kingdom of Morocco , is a country located in North Africa. It has a population of more than 32 million and an area of 710,850 km², and also primarily administers the disputed region of the Western Sahara...
and Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
. These sites outside of North America were run by the International and Offshore Business Unit of Petro-Canada with its headquarters in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
. This was the largest business unit, and much of its assets were part of the former Veba Oel company based in Essen
Essen
- Origin of the name :In German-speaking countries, the name of the city Essen often causes confusion as to its origins, because it is commonly known as the German infinitive of the verb for the act of eating, and/or the German noun for food. Although scholars still dispute the interpretation of...
, Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
.
In 2006, the company entered the mobile phone market with a prepaid service called Petro-Canada Mobility
Petro-Canada Mobility
Petro-Canada Mobility is a Canadian Mobile Virtual Network Operator created in late 2006 by gasoline firm Petro-Canada as a competitor to other store based MVNOs like PC Mobile. Petro-Canada Mobility operates on the GSM network of Rogers Wireless....
.
In recent years, Petro-Canada has been opening a new fast-food oriented branded convenience store called Neighbours. Some of these locations include drive-thrus and a new “Touchless” Glide car wash. Many of these new stores are in the GTA with a new store slated for Stittsville in Ottawa. Some other locations also include an A&W restaurant within its stores.
Petro-Canada brand
Lubricant
A lubricant is a substance introduced to reduce friction between moving surfaces. It may also have the function of transporting foreign particles and of distributing heat...
s. It has a loyalty program
Loyalty program
Loyalty programs are structured marketing efforts that reward, and therefore encourage, loyal buying behavior — behavior which is potentially beneficial to the firm....
called "Petro Points" where the customers get points for fuel, car repair and store purchases. Its main petrol/gasoline additive was Tactrol
Tactrol
Tactrol is Petro-Canada's trademarked name for an additive used in its petrol/gasoline.Petro-Canada claims that Tactrol prevents the build-up of deposits in automobile engines. Tactrol is used in all Petro-Canada gasoline, but the SuperClean brand contains more Tactrol. Petro-Canada also sells...
.
The company teams up with Citibank
Citibank Canada
Citibank Canada is a unit of Citigroup of New York City. The Canadian unit has been operating since 1954, with Canadian headquarters in Toronto...
for a Petro Points MasterCard
MasterCard
Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...
. In June 2010, CIBC said it has signed a deal to buy a $2.1-billion credit card portfolio from Citigroup
Citigroup
Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...
’s Citibank Canada
Citibank Canada
Citibank Canada is a unit of Citigroup of New York City. The Canadian unit has been operating since 1954, with Canadian headquarters in Toronto...
MasterCard
MasterCard
Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...
business including the Citi Petro-Canada MasterCard (but excluding the Citi Petro-Canada personal credit card).
Petro-Canada also runs a chain of car repair stations called Certigard Car Repair.
See also
- Gas stationFilling stationA filling station, also known as a fueling station, garage, gasbar , gas station , petrol bunk , petrol pump , petrol garage, petrol kiosk , petrol station "'servo"' in Australia or service station, is a facility which sells fuel and lubricants...
- Petrol
- GasolineGasolineGasoline , or petrol , is a toxic, translucent, petroleum-derived liquid that is primarily used as a fuel in internal combustion engines. It consists mostly of organic compounds obtained by the fractional distillation of petroleum, enhanced with a variety of additives. Some gasolines also contain...
- PetroleumPetroleumPetroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
- List of automotive fuel brands
- OPECOPECOPEC is an intergovernmental organization of twelve developing countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. OPEC has maintained its headquarters in Vienna since 1965, and hosts regular meetings...
- List of oil-producing states
- Convenience storeConvenience storeA convenience store, corner store, corner shop, commonly called a bodega in Spanish-speaking areas of the United States, is a small store or shop in a built up area that stocks a range of everyday items such as groceries, toiletries, alcoholic and soft drinks, and may also offer money order and...
- Petro-Canada MobilityPetro-Canada MobilityPetro-Canada Mobility is a Canadian Mobile Virtual Network Operator created in late 2006 by gasoline firm Petro-Canada as a competitor to other store based MVNOs like PC Mobile. Petro-Canada Mobility operates on the GSM network of Rogers Wireless....
- Dick AssmanDick AssmanDick Assman is a Saskatchewan gas station owner whose name propelled him to celebrity status across North America in 1995. Assman, who co-owned a Petro-Canada outlet at Victoria Square Mall in Regina, was discovered by David Letterman, who was amused by his name...
- History of the petroleum industry in CanadaHistory of the petroleum industry in CanadaThe Canadian petroleum industry arose in parallel with that of the United States. Because of Canada's unique geography, geology, resources and patterns of settlement, however, it developed in different ways...
External links
Official Corporate HomepageRetail
Polish pages
Lubricants
- Petro-Canada Lubricants Official Homepage
- Petro-Canada Europe Lubricants Homepage
- Petro-Canada Europe Lubricants (German) Homepage
- Petro-Canada America Lubricants Homepage
- CALFLOTM Heat Transfer Fluids Homepage
- SENTRONTM Natural Gas Engine Oil Homepage
- Petro Canada UK SupplierTM Petro Canada UK Supplier Homepage