Company History
2002
In 2002, PetroChina International established a London office and created PetroChina International (London) Co., Ltd (also known as “PCIL”), with a primary focus on crude and products trading in Europe and African regions.
2005
INEOS acquired Grangemouth Refinery and Lavera Refinery as part of a $5bn takeover deal with BP.
2011
The Petroineos joint venture was created in 2011 when PetroChina invested $1bn in INEOS’s refining and wholesale business in Europe.
2012
Shortly after the joint venture was established in 2011, Petroineos’ trading platform commenced full trading operations in 2012.
2014
Petroineos started Power & Emissions trading business.
2015
First physical LNG cargo was traded by PCIL’s LNG team.
2016
Petroineos started biofuel trading business.
2017
After several years of high growth, in 2017 Petroineos’ annual trading volume exceeded 70 million tonnes for the first time.
2018
Celebrating successful growth, Petroineos Trading Limited moved to new offices in Adelphi, with a view of continued growth in the future.