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Company Statement: PetroChina and Ineos announce plans for new trading and refining JV in Europe

( January 10, 2011, 17:59 GMT | Official Statement) -- MLex Summary: PetroChina, the largest oil and gas producer and distributor in China, and Ineos have announced PetroChina's intention to acquire 50 per cent of Ineos' European refining business, creating two 50:50 joint ventures, which will be active in the refining of crude oil at the refineries in Grangemouth (Scotland) and Lavéra (France).The full statement follows:...

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