Corral Petroleum Holdings AB
We are the largest oil refining company in the Nordic region in terms of capacity. We conduct our business through our wholly owned operating company, Preem, which operates its business through two segments, a Supply and Refining segment and a Marketing and Sales segment.
We refine crude oil in Sweden and then market and sell refined products primarily in Sweden and other north western European markets, including Scandinavia, France, Germany and the United Kingdom, as well as the United States and, to a lesser extent, other markets. Our refineries represented approximately 80% of the refining capacity in Sweden and approximately 30% of the refining capacity in the Nordic region in 2017. We sell more refined products in Sweden than any of our competitors. In Sweden, we had the leading market share in 2017 in terms of sales volume of diesel, heating oil and fuel oil with approximately 34% of diesel sales; 58% of heating oil sales and 68% of fuel oil sales, according to the Swedish Statistical Central Bureau.
Our Supply and Refining segment purchases and refines crude oil and then sells refined products wholesale to our Marketing and Sales segment and to third parties. We also own a strategically located network of storage depots in Sweden. Our Marketing and Sales segment consists of two divisions: an Energy division and a Retail division. The Marketing and Sales segment resells refined products, wholesale, primarily in Sweden. We also sell our gasoline and diesel through 334 Preem-branded service stations (of which 99 are manned which are company owned and dealer-operated and 235 are unmanned, which are company owned and operated) along with 156 company-owned and operated unmanned Såifa-branded diesel truck stops. .
Press and Notices
FichRatings affirms Corral Petroleum Holdings AB at B+, Stable Outlook
The remote replay of the recorded Second Quarter 2018 Investor Call held on September 4, 2018 is now available.
As previously announced an international conference call for investors and analysts will be held today, the 4th of September, 2018 at 3:00 pm CET.
Correction Q2 Report 2018, page 14 Rolling 12 month Adjusted EBITDA