Preem is a Swedish petroleum and bio-fuel company (even referred to as a petroleum corporation) with approximately 570

petrol station A filling station (also known as a gas station [] or petrol station []) is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold are gasoline (or petrol) and diesel fuel. Fuel dispensers are used to ...

s and two

oil refineries An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied pet ...

Sweden Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic count ...

, Preemraff Göteborg in

Gothenburg Gothenburg ( ; ) is the List of urban areas in Sweden by population, second-largest city in Sweden, after the capital Stockholm, and the fifth-largest in the Nordic countries. Situated by the Kattegat on the west coast of Sweden, it is the gub ...

and Preemraff Lysekil outside of

Lysekil Lysekil () is a Urban areas in Sweden, locality and the seat of Lysekil Municipality in Västra Götaland County, Sweden. It had about 7,600 inhabitants in 2018. Situated on the south tip of Stångenäs peninsula at the mouth of Gullmarn fjord, it ...

. Preem refines a total of just over 18 million tonnes of

crude oil Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring u ...

per year. The business cover a large part of the value chain – from the processing of raw materials to sales. Preem purchases crude oil and renewable raw materials from around the world. The raw materials are processed and sold as fuels, heating oil, lubricating oils and other products to both companies and individuals in Sweden and Norway The majority of our production, approximately 80%, is exported to the international market, mainly in north-west Europe, which means that Preem is among the largest Swedish exporters. approximately half of all petroleum products consumed in Sweden come from Preem's refineries. Sales on the Swedish market are carried out through Preem's station network in Sweden for private and professional traffic as well as through certified dealers. In Norway, the products are mainly sold through retailers and in bulk via direct sales. Preem worked until 1996 under the name OK Petroleum. Until 1994, OKP was owned by the Swedish government, Neste OY and KF. Since 1994, Preem has been owned by the Ethiopian-Saudi business man Mohammed al-Amoudi through his British-Swedish holding compan
Corral Petroleum Holdings AB
In 2019, the turnover was SEK 95,758 million and the operating result was SEK 1,785 million. The number of employees was just over 1.500. Including partners, retailers and dealers, more than 3,000 people work under the Preem brand. Preem sells fuel via staffed stations with service shops, automatic stations and filling stations intended for heavy commercial traffic. In 2017, the company released 2.1 million tonnes of carbon dioxide (of which about two-thirds at the Lysekil refinery). In 2019, the corresponding figure was 1.7 million tonnes To reduce carbon dioxide emissions, in the spring of 2020, Preem has started a CCS technology test facility, capturing and storing carbon dioxide. Preem is planning for an expansion at the Lysekil refinery, which is an ongoing process. In July 2024, the International Center for Settlement of Investment Disputes ordered Morocco to pay $150 million to Corral Petroleum Holdings.

Owner structure

The Group's owner structure has 4 levels: Mohammed H. Al Amoudi → Moroncha Holdings Co. Ltd → Corral Petroleum Holdings AB → Preem AB

Services

Preem has three types of petrol stations: * Staffed petrol stations * Unstaffed stations where the price is slightly lower but which also does not offer services like water or air * Petrol stations for heavy professional traffic *Preem also has several international partnerships for professional traffic through various card alliances and collaborations

History

Corral Petroleum, a MIDROC company registered in Sweden, acquired OK Petroleum in 1994. In May 1996, OK Petroleum changed name to Preem, a version of "pre-eminent".

References

External links

PreemPreem Annual Report 2019Preem Sustainability Report 2019
{{Authority control Oil companies of Sweden Companies based in Stockholm