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.
Preem 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 northwestern 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 29% of the refining capacity in the Nordic region in 2016.
We sell more refined products in Sweden than any of our competitors.
In Sweden, we had the leading market share in 2016 in terms of sales volume of diesel, heating oil and fuel oil with approximately 35% of diesel sales, 54% of heating oil sales and 59% of fuel oil sales, according to the Swedish Statistical Central Bureau.
Press and Notices
Please note that the Annual Report will be released on the 26th of April, 2018 at 9:00 am CET.
Due to an increase in interest regarding the exposure of Corral Petroleum Holdings AB (publ) and Preem AB to the new shipping regulation announced by the International Maritime Organization (IMO), this additional information is being posted for all investors. Please note that the matters discussed below include forward-looking statements about our current expectations with respect to the future. Because forward-looking statements are subject to change based on future events and circumstances, we cannot guarantee that those expectations will prove correct.
The remote replay of the recorded Fourth Quarter Report 2017 Investor Call held on March 20, 2018 is now available.
The Annual Report 2017 is now available.
Among other things, this presentation is intended to be used in connection with the scheduled international conference call for investors and analysts held today, March 20, 2018 at 3:00 pm CET. The dial-in number is US + 1 212 999 6659, UK +44 (0) 20 3003 2666 and Sweden +46 (0) 8 505 204 24 meeting code: Corral.
This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) and its consolidated subsidiaries, for the fourth quarter of 2017 and year ended December 2017 and for the comparative periods in 2016.