28 January 2011
PetroChina takes European refining foothold
PETROCHINA is set to achieve its ambition of gaining a presence in European refining
After 18 months of negotiations, the Chinese state-controlled company reached a framework agreement with Ineos, the privately held chemicals and refining group, under which PetroChina will take interests in Ineos's Grangemouth, UK, and Lavéra, France, refineries. The agreement, due to be finalised by the end of June, will see the two refineries transferred to a joint-venture – likely to be 50:50 – between the two companies. The agreement also calls for co-operation in refining and petrochemicals technology between PetroChina's parent company, China National Petroleum Corporation, and Ineos. Ineos had been seeking to sell all or part of its refining interests to reduce its debt, which has inc
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
