INEOS is offered $1 billion by PetroChina for a 50% share in its European refining business
31 jan 2011
The proposed joint venture meets INEOS Refining’s strategic objectives, bringing a long term partner to the business with a jointly agreed investment programme for Grangemouth (Scotland) and Lavéra (France).
“ This offer is an important step on the way to forming a strategic partnership with Petro