Preem

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Preem
Company type
Private
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Headquarters
Sweden
Area served
Sweden, Norway, Europe
ProductsFuels, biofuels, heating oil, lubricants
Production output
Over 18 million tonnes of crude oil per year
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Number of employees
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ParentVAROPreem
Websitehttps://www.varopreem.com

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File:Preem Karlskrona.jpg
Preem in Karlskrona.

Preem is a Swedish fuel company historically operating the Gothenburg and Lysekil refineries, along with a nationwide supply and distribution network. It sells fuel via staffed stations with service shops, automatic stations and filling stations intended for heavy commercial traffic.

Background

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. Nearly 65% of its production is sold to the international market,[1] 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. While sales in the Swedish market are made through that country's supply networks, products are sold in Norway primarily through retailers and in bulk via direct sales.

With just over 1,600 employees, more than 3,000 people work under the Preem brand, including partners, retailers, and dealers. The company has announced plans, which are still in progress, to expand its refinery in Lysekil.[2]

History

Founded in 1960, the company was known as Ok Petroleum at the time it became Preem in 1996. Its new name is a version of "pre-eminent".[3][4]

Up until two years before changing its name, the firm was owned by the Swedish government, Neste OY, and KF. In 1994, Preem came under the control of Ethiopian-Saudi businessman Mohammed al-Amoudi through his British-Swedish holding company, Corral Petroleum Holdings AB (CPH).[5]

In 2017, the firm released 2.1 million tonnes of carbon dioxide (of which about two-thirds at the Lysekil refinery).[6] In 2020, a year after reaching a corresponding figure of 1.7 million tonnes,[2] it began a test facility for a technology to reduce carbon dioxide emissions.

In 2024, the turnover was SEK 131 billion[7] and the operating result was SEK 2,2 billion. In July, the International Center for Settlement of Investment Disputes ordered Morocco to pay $150 million to CPH.[8]

In 2026, VARO Energy completed the acquisition of Preem's parent company, Corral Petroleum Holdings. With this, the Swedish firm became part of VAROPreem, as well as part of its broader refining and supply operations.[9][10][11][12][13]

Owner structure

Until 2026, the group's structure was divided into four levels:[14] Mohammed H. Al Amoudi → Moroncha Holdings Co. Ltd → CPH → Preem

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

See also

References

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  1. ^ Page Module:Citation/CS1/styles.css has no content."Preem - Vår verksamhet".
  2. ^ a b Page Module:Citation/CS1/styles.css has no content."Preem Sustainability Report 2019" (PDF).
  3. ^ Page Module:Citation/CS1/styles.css has no content."Ooops – this page has moved!".
  4. ^ Page Module:Citation/CS1/styles.css has no content."Who we are".
  5. ^ Page Module:Citation/CS1/styles.css has no content."Sheikh Mohammed Hussein Alamoudi Official Website". Sheikh Mohammed Hussein Al Amoudi. Retrieved 16 June 2020.
  6. ^ Page Module:Citation/CS1/styles.css has no content."Preem Sustainability Report 2017" (PDF).
  7. ^ Page Module:Citation/CS1/styles.css has no content."Annual and Sustainability Report 2024 - Transition in progress For a better journey to 2035. Because we want to, can and must" (PDF). Archived from the original (PDF) on 29 April 2025.
  8. ^ Page Module:Citation/CS1/styles.css has no content."PÉTROLE & GAZ MAROC Dans l'affaire Samir, victoire amère de Corral face au Maroc".
  9. ^ Page Module:Citation/CS1/styles.css has no content."Drivkraft Sverige".
  10. ^ Page Module:Citation/CS1/styles.css has no content."Preem - Om oss".
  11. ^ Page Module:Citation/CS1/styles.css has no content."Preem - Våra anläggningar".
  12. ^ Page Module:Citation/CS1/styles.css has no content."Vitol-Backed Varo Agrees to Buy Preem in Bet on Renewable Fuels". Bloomberg.com. Archived from the original on 29 August 2025. Retrieved 16 January 2026.
  13. ^ Page Module:Citation/CS1/styles.css has no content."VARO completes acquisition to create VAROPreem". Bioenergy Insight. Retrieved 16 January 2026.
  14. ^ Page Module:Citation/CS1/styles.css has no content."About Corral Petroleum Holdings AB".

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