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BP Q&A: Downstream pressure

Argus Global Markets

In his first in-depth international media interview in this role, BP's downstream chief executive Tufan Erginbilgic spoke to Argus about the environment in the refining industry and the company's strategy.

Issues explored include:

  • Is 2015 likely to mark a peak year for downstream profitability? 
  • Refining overcapacity in the market and BP's refining portfolio
  • Will BP's future activity in China be primarily a trading role?
  • Moderating/waning competitive advantage of US refiners
  • Which new markets may be seen as attractive for BP to enter
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