Chevron is investing in new processes and equipment to keep its refining operations running safely and reliably while turning even the lowest-quality crude oils into the clean-burning, high-performing products that customers demand. In 2007, a major upgrade was completed here at our affiliate refinery in Yeosu, South Korea, to process greater quantities of heavy, lower-cost crude oils. Similar upgrades have been made at our refineries in El Segundo, California, and Pascagoula, Mississippi. During the year, we also completed an upgrade at our Pembroke Refinery in the United Kingdom to process greater quantities of light, high-sulfur crude oils from the Caspian Sea region.
Photo: View from Mt. Youngchui of the Yeosu Refinery, South Korea.