Shanghai, China: Gordon Souter has seen and played
a lot of golf courses in his travels with British Petroleum and
he admits he likes what he sees in Silport.
The Scotland native, currently the president and general manager
of Shanghai Secco Petrochemicals Co (Secco), had previously lived
in his native Glasgow, London and Tokyo. He moved to Shanghai
earlier this year to take up the position as the head of the joint
venture between Sinopec and BP.
The 14 handicap said golf was a big part of his childhood but
he then gave up the game for about 20 years before his interest
in the sport was rekindled.
“I didn’t start playing again until I was in my early
forties. I have been playing quite solidly for about 10 years
now. In Japan I played a lot of golf at the Oak Hills club just
outside Narita (airport). I would love to get down to a single-figure
handicap.”
Souter said Chinese courses were similar to those found in Japan.
The standard was very high and the courses were well looked after.
“Chinese courses, from what I have seen, are a combination
of what I have seen in Japan and Singapore. They are not fully
Japanese. In Japan you can only play nine holes and stop for a
meal. A lot of Asian countries are much more sensible in that
you play the full 18 and then you have a meal.
“Silport is very good. It is kind of a punishing course
because there is so much water around it and not much rough. You
can be offline only marginally. A bad bounce and it can penalize
you quite heavily. It is a tough course – but very interesting.”
Souter said the demand for energy was huge in China and BP had
made the company one of its top priorities. Although the company
has conducted extensive oil exploration in China, it was now focused
on getting energy to the country.
“China is very deficient in oil. Something like 10 to 15
percent is their own crude while the rest is imported,”
he said.
“Our target here is not really finding energy in China but
more so bringing energy and products to customers because the
demand here is growing phenomenally. The Secco product is all
about producing plastics. It is petrochemicals but a lot of it
is plastics. When an economy is taking off, the demand for petrochemicals
is very high.”
The Secco petrochemical complex in Shanghai Chemical Industry
Park on the north coast of Hangshou Bay, involves a total investment
of US$2.7 billion. BP owns a 50 percent stake, Sinopec 30 percent
and Shanghai Petrochemical Corporation the remaining 20 percent.
The complex will primarily produce naphtha feedstock and propylene.
Derivative output will include polyethylene, polypropylene, aromatics,
styrene, polystyrene, acrylonitrile and butadiene. Construction
on the project started in March last year and is scheduled to
be completed by the end of 2005.
Other activities for BP includes the construction of 500 gas stations
in Zhejiang Province.
“BP has gas in Russia and Indonesia and were trying to monotize
that gas and bring it here into the China market.,” Souter
said.
“China probably represents less than one percent of our
business at the moment but we have very strong intentions to grow
the business dramatically. We have invested something like the
best part of US$4 billion here so we are hopefully looking to
get a big share of what’s going on in China.”
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