Petroineos Trading Limited

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 refineries and the arrangement of the sale and distribution of the various products that are produced from the refineries. Products traded by Petroineos include both Crude Oil and Refined Oil Products. With two particularly advantaged refineries, Petroineos refining processes more than 420,000 barrels of crude oil per day, to produce in the region of 20 million tonnes of fuels per annum. Petroineos refineries are strategically located at Grangemouth Scotland and Lav�ra France and are both fully integrated with co-sited petrochemical assets of the Company. Close proximity to feedstocks and customers are key elements of its strength. The Grangemouth refinery is located on the Firth of Forth with direct access to crude oil and gas from the North Sea. The Grangemouth refinery processes around 210,000 barrels of crude oil per day and provides fuel to Scotland, Northern England and Northern Ireland. The Lav�ra refinery processes 210,000 barrels of crude oil per day. It is 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.