SolArc is Selected By Gulf Oil to Manage Fuel Supply and Marketing Operations

SolArc, Inc., a leading provider of enterprise supply, trading and risk management solutions for the global energy industry, announced today that Gulf Oil Limited Partnership, one of the Northeast’s largest wholesalers of refined petroleum products, has selected the SolArc RightAngle solution to manage its fuel logistics, trading and marketing operations spanning the Northeastern United States.

"Gulf Oil needed a solution that allowed us the breadth and depth to generate real time analysis in these fast moving markets. We chose SolArc RightAngle because it handled the complex supply logistics of our fuel marketing business and provided the risk management tools we needed to effectively manage our opportunities," said Joe Petrowski, CEO of Gulf Oil. "SolArc also demonstrated a good understanding of the position management and performance reporting capabilities we needed to most efficiently run our business."

Gulf Oil operates an extensive wholesale fuels distribution network of interconnected pipelines, ocean tankers, barges and trucks that supply fuel terminals across 14 northeast, gulf coast, and Mid-Atlantic States. In addition to its owned and operated terminal network, Gulf Oil delivers and sources refined petroleum products at over 50 other terminals within this territory.

According to Petrowski, "Other important reasons for selecting SolArc RightAngle were the solution’s ability to manage the derivatives processing lifecycle from the capture of financial instruments through settlement for futures, options and swaps. Gulf Oil will use SolArc RightAngle’s reporting tools to provide visibility to changes in position for all inventory locations including in-transit inventory and exchange balances. This will enable better decisions for managing supply and financial hedging needs."

"SolArc RightAngle’s ability to accurately model complex inventory transactions ensures that fuel marketers understand their position and always have product available for supply. Energy companies continue to choose SolArc RightAngle as the complete functional solution for managing their fuel marketing business," said Dale St. Denis, vice president of solutions marketing for SolArc.

Since it was launched in 1994, SolArc RightAngle has become the leading supply, trading and risk management solution for the crude oil, refined products, natural gas, coal, natural gas liquids and aviation fuel commodities. SolArc RightAngle provides transactional fidelity to achieve commercial excellence in commodities trading and risk management.

About SolArc, Inc.

SolArc, Inc. is a leading provider of supply, trading and risk management solutions for global energy companies. The flagship product, SolArc RightAngle, integrates deal capture, scheduling, inventory management, pricing, accounting, position reporting and risk analysis in a single platform solution. SolArc’s products work with existing information systems including corporate ERP systems to provide customers with a flexible solution that leverages their existing systems’ infrastructure. Customers receive competitive advantages from reduced transaction costs and improved commodities procurement and trading decisions based on accurate position reporting and inventory management. Headquartered in Houston, SolArc also has offices in Tulsa, Oklahoma, London, Singapore, Beijing, and Hong Kong. For more information on SolArc’s products, visit www.solarc.com.

About Gulf Oil Limited Partnership

Gulf Oil Limited Partnership, based in Chelsea, Massachusetts, is a wholesaler of refined petroleum products. Gulf distributes motor fuels through a network of 2,400 Gulf branded gas stations and another 1,500 private branded service stations, as well as heating oil, diesel fuel and kerosene. Gulf Oil also markets bio-diesel through its 100% owned affiliate World Energy Alternatives.

SolArc is a registered trademark of SolArc, Inc. Other names may be trademarks of their respective owners.