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.
INEOS acquired Grangemouth Refinery and Lavera Refinery as part of a $5bn takeover deal with BP.
The Petroineos joint venture was created in 2011 when PetroChina invested $1bn in INEOS’s refining and wholesale business in Europe.
Shortly after the joint venture was established in 2011, Petroineos’ trading platform commenced full trading operations in 2012.
Petroineos started Power & Emissions trading business.
First physical LNG cargo was traded by PCIL’s LNG team.
Petroineos started biofuel trading business.
After several years of high growth, in 2017 Petroineos’ annual trading volume exceeded 70 million tonnes for the first time.
Celebrating successful growth, Petroineos Trading Limited moved to new offices in Adelphi, with a view of continued growth in the future.