AtlasInvest in second European refinery acquisition
Along with Vitol, AtlasInvest will buy and re-start the Cressier refinery in Switzerland
A venture between investment company AtlasInvest and oil trader Vitol is to buy and re-start the Cressier, Switzerland, refinery, shut down after its owner, Petroplus, went into administration in January. The deal, announced in early-May, is the second recent refinery acquisition by AtlasInvest – which is owned by Marcel van Poecke, the oil trader who co-founded Petroplus in 1993. The Vitol-AtlasInvest joint-venture, Varo, signed to buy the 68,000 barrels a day (b/d) refinery together with Petroplus’s marketing, storage and pipeline assets in Switzerland, for an unspecified price. Vitol describes Cressier – one of two refineries in the country, which Petroplus bought from Shell – as “a quali
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
