Carmen Chen

Petroineos comprises trading and refining joint ventures between PetroChina International (London) Company Limited and INEOS. Established in 2011, Petroineos is one of Europe’s leading International Integrated Energy Trading Companies. In addition to third-party trading, Petroineos Trading's key functions include the supply of Crude Oil to Petroineos and PetroChina's refinery and the arrangement of the sale and distribution of the various products that are produced from our refinery in Lavéra. Products traded by Petroineos include both Crude Oil and Refined Oil Products. Petroineos' Lavéra refinery is fully integrated with co-sited petrochemical assets of the Company. Close proximity to feedstocks and customers are key elements of its strength. In April 2025, refinery operations ceased at the Grangemouth refinery and the business transitioned to a modern import and fuels distribution terminal which continues to reliably serve the Scottish market. The terminal has excellent logistical infrastructure to load and transport fuel via road, jetty, rail and pipeline, with a range of imported transport, heating and aviation fuels available. We market these fuels from the terminal location for distribution throughout the UK and further afield. The Lavéra refinery processes 210,000 barrels of crude oil per day. It is strategically located on the coast of the Mediterranean crude oil trading basin, next to the port of Marseille. The refinery supplies fuel by pipelines into France, Switzerland and Southern Germany.