What does Petroineos do?

What does Petroineos do?

Petroineos is an integrated refining and energy trading company. As a joint venture between PetroChina and INEOS, established in 2011, we trade a comprehensive range of energy products and process more than 420,000 barrels of crude oil per day.

Are Ineos and Petroineos the same company?

Petroineos is a refining and trading joint venture between Ineos and PetroChina formed in 2011. It is Europe’s leading independent crude oil refiner, with a turnover of $15 billion.

Who founded PetroChina?

PetroChina

Headquarters in Beijing
Founded5 November 1999
HeadquartersDongcheng District, Beijing, China
Area servedWorldwide with primary markets in China
Key peopleZhou Jiping (Chairman) Wang Dongjin (CEO)

Is PetroChina state owned?

China National Petroleum Corporation (CNPC) is the sole sponsor and controlling shareholder of PetroChina. CNPC is a large state-owned enterprise managed by the investment organs authorized by the state and State-owned Assets Supervision and Administration Commission.

Who does ineos sell to?

INEOS, one of the world’s largest manufacturing companies, has today completed the purchase of the global Aromatics and Acetyls businesses from BP for a consideration of $5 billion.

Who is the CEO of INEOS?

Jim Ratcliffe (1998–)
INEOS/CEO

Former chemical engineer James Ratcliffe is the founder, chairman and majority owner of chemical powerhouse Ineos Group.

Who owns INEOS company?

INEOS Limited
INEOS/Parent organizations

Where does PetroChina operate?

PetroChina Company Limited (PetroChina) As at 31 December 2018, PetroChina is 81.03% controlled by CNPC. PetroChina is the largest oil and gas producer and distributor in China, contributing approximately 50% and 60% of China’s domestic oil and gas production volume respectively.

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