Overview
Petroineos is a refining and energy trading joint venture between PetroChina International London (PCIL) and INEOS Group. Formed in 2011, we are a young and ambitious company with a dynamic approach to business and a strong drive for sustainable growth.
As a joint venture, we have a special relationship with PCIL’s parent company group, PetroChina – one of the largest oil and gas companies in the world, and the refining and petrochemical group, INEOS.
Our highly experienced teams trade a comprehensive range of energy products, supported by a network of professional teams across the globe, enabling our customers to benefit from our ability to leverage our shareholders’ global network. Trading is carried out by three divisions: crude, refined products, and power & emissions. Our annual trading volume exceeds 70 million tonnes with trading revenue in excess of $30 billion.
Our strategically located refineries at Grangemouth, Scotland, and Lavera, France represent some of Europe’s longest standing crude oil refineries. Our refineries supply fuel to local as well as international markets, whilst playing a vital role in supporting their local economies. Between them our two refineries process over 360,000 barrels of crude oil per day and produce more than 16 million tonnes of oil products each year.
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360kbpd
Refining Capacity -
3.7mil m³
Storage Capacity -
>70mil tonnes
Trading Volume -
>$30bn
Revenue -
~$6bn
Assets