Mut-Ek'taha
 | |
 Mut-Ek'Taha Headquarter in Yu | |
Native name | ముతు ఎఖెతహ |
|---|---|
| state owned enterprise | |
| Traded as | KWK:METH |
| Industry | oil and gas |
| Predecessor | Mutul Royal Oil and Gas Company Xuman Oil Others... |
| Founded | January 11, 1966 in K'alak Muul, Mutul |
| Headquarters | , |
| Products | Fuels, Biofuels, lubricants, Petroleum, natural gas, and other petrochemicals |
Production output | 1227 MMbbl (2019) |
Number of employees | 510,720 (2019) |
| Parent | Divine Throne |
| Subsidiaries | Mutul Oilfield Services Ek'tzikux Research Center Kux-Yaxha |
The Mutulese Oil Company (Mutli: ముతు ఎఖెతహ, Mutal Ek'Taha) is the Mutulese state owned petroleum company managed and operated by the Divine Throne' Ministry of Land Gestion through its Energy-Infrastructure Office. It was formed in 1966 during the Occidentalist era of the Mutul through the nationalization of all private oil companies that operated in the Divine Kingdom in an effort to centralize, rationalize, and develop oil production in the Mutul.
Mut-Ek'taha is one of the founding members of the Association of Oil Producing Nations (AOPN), and is the largest enterprise by annual revenues owned by the Mutul. While there has been many tractations surrounding a potential Privatization since the end of the Occidentalist government, and indeed the Divine Throne participation in the company has been diminished from owning all of the company's stocks to a simple controlling stake between 1981 and 2001, but the current K'uhul Ajaw Jasaw Chan K'awiil V has made public his decision that no more share of Mut-Ek'taha would be sold on the K'uhul Wayib' K'iwik.
Since 1991, Mut-Ek'taha has also heavily invested in the production of biofuels, and multiplied the number of Joint ventures with Rezeses companies in that regard.
History
Operations
The company operates in six business areas, listed in order of revenue:
- Refining, transportation and marketing – refining, logistics, transportation, trading operations, oil products and crude oil exports and imports and petrochemical investments inside the Mutul
- Exploration and production – crude oil, natural gas liquids (NGL) and natural gas exploration, development and production inside the Mutul
- Distribution – distribution of oil products, ethanol, biodiesel and natural gas to wholesalers and through its own retail network within the Mutul
- Gas and power – transportation and trading of natural gas and LNG, and generation and trading of electric power, and the fertilizer business
- International – exploration and production of oil and gas, refining, transportation and marketing, distribution and gas and power operations outside of the Mutul
- Biofuels – production of biodiesel and its co-products and ethanol-related activities such as equity investments, production and trading of ethanol and Algae fuel.
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