AMERICAN INTERNATIONAL PETROLEUM CORP

AMERICAN INTERNATIONAL PETROLEUM CORP

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Company Overview
The company is an American-based firm engaged in the production of refined petroleum products. Its registered head office is strategically located in Houston, Texas.
The company’s manufacturing process is based on the transformation of crude petroleum and coal into usable products. Its dominant process is petroleum refining that involves the separation of crude petroleum into component products through such techniques as cracking and distillation. Moreover, the company also processes refined petroleum and coal products, and produces products, such as asphalt coatings and petroleum lubricating oils.
The company primarily operates its business within the United States.
Business Summary
American International Petroleum Corp /NV/ is a holding company that operates two major business divisions: the Refining Division; and the Oil and Gas Exploration and Production Division. Through its wholly owned subsidiaries, the Company refines crude oil feedstocks to produce jet fuel, diesel, naphtha, gas oils and fuel oil; produces, processes and markets conventional and technologically advanced polymerized asphalt, vacuum gas oil and other products utilizing low-cost, low-gravity, high sulfur crudes; engages in oil and gas exploration and development in western Kazakhstan, where it owns a 70% working interest in a 4.7-million-acre exploration block and a 100% working interest in a 264,000-acre gas field. The Company is also seeking other domestic and international oil and gas projects. In October 2004, the Company, together with its wholly owned subsidiary, American International Refinery, Inc., filed petitions for Chapter 11 reorganization with the United States Bankruptcy Court.
Description and history
American International Petroleum Corp /NV/, organized on April 1, 1929, is a holding company that operates two major business divisions: the Refining Division; and the Oil and Gas Exploration and Production (E&P) Division. Through its wholly owned subsidiaries, the Company refines crude oil feedstocks to produce jet fuel, diesel, naphtha, gas oils and fuel oil; produces, processes, and markets conventional and technologically advanced polymerized asphalt, vacuum gas oil and other products utilizing low-cost, low-gravity, high sulfur crudes; engages in oil and gas exploration and development in western Kazakhstan, where it owns a 70% working interest in a 4.7-million-acre exploration block and a 100% working interest in a 264,000-acre gas field. The Company is also seeking other domestic and international oil and gas projects. In October 2004, the Company, together with its wholly owned subsidiary, American International Refinery, Inc., filed petitions for Chapter 11 reorganization with the United States Bankruptcy Court.

The Company’s American International Refinery Inc. subsidiary, owns a 30,000-barrel-per-day refinery in Lake Charles, Louisiana. Total petroleum storage capacity at the refinery is 750,000 barrels, which includes 275,000 barrels of crude storage, 395,000 barrels of storage for finished product sales and 80,000 barrels of product rundown storage. The Company’s Gulf Coast Petroleum Trading Inc. subsidiary purchases and markets refined crude oil products throughout the United States. The Company’s St. Marks Refinery subsidiary, owns a refinery in St. Marks, Florida, located on the St. Marks River near Tallahassee, Florida, and is utilized only as a distribution center for asphalt products due to the high cost of crude oil feedstock and lack of capital resources.

The Company’s American International Marine, Inc. subsidiary owns a 1,750-ton asphalt barge with a capacity of 27,000 barrels. The barge has been used to transport the Company’s own asphalt and to transport refined products for third parties. The Company’s American International Petroleum Kazakhstan subsidiary, owns a 100% working interest in a 264, 000-acre gas concession in Kazakhstan called Shagryly-Shomyshty, also known as License 1551, and a 70% working interest in a 4.7 million acre exploration block in western Kazakhstan, known as License 953.

Business Line
Engaged in the production of refined petroleum products
Subsidiary

Advisor
HEIN & ASSOCIATES
IPO date

US SIC Code
2911
Company Address
2950, North Loop West

City province or state postal code
77092, HOUSTON, TX
Phone: +1 713 802 0087
Fax: +1 713 802 0091
Country address: UNITED STATES OF AMERICA
Website url: www.aipcorp.com