Petroineos Trading

Petroineos is a refining and energy trading joint venture between PetroChina International London (PCIL) and INEOS Group, formed in 2011. It trades a comprehensive range of energy products through three divisions — crude, refined products, and power & emissions — with annual trading volume exceeding 70 million tonnes and trading revenue in excess of $30 billion. Its refining assets include the Lavera refinery in France and an import terminal at Grangemouth.

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. In 2005, 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. In 2014, Petroineos started Power & Emissions trading business. In 2015, the first physical LNG cargo was traded by PCIL's LNG team. In 2016, Petroineos started biofuel trading business. In 2017, after several years of high growth, Petroineos' annual trading volume exceeded 70 million tonnes for the first time. In 2018, Petroineos Trading Limited moved to new offices in Adelphi. In April 2025, refinery operations ceased at the Grangemouth refinery and the business transitioned to a modern import and fuels distribution terminal.

A young and ambitious refining and energy trading joint venture with a dynamic approach to business and a strong drive for sustainable growth.

• Crude oil trading

• Refined products trading

• Power & emissions trading

• LNG trading

• Biofuel trading

1. 1Petroineos | Integrated Energy Trading and Refining Companypetroineos.com
2. 2Our Company History | About Petroineos | Petroineospetroineos.com
3. 3About Petroineos | Trading and Refining | Petroineospetroineos.com