Corral Petroleum Sweden 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.
The Refining segment manufactures end products from the raw materials provided by Supply and Trading to the two refineries in Lysekil and Gothenburg. Read more.
The Marketing and Sales segment operates Preem’s station and bulk operations. This includes a nationwide service network with over 500 service stations for private and commercial traffic and a distribution network for direct sales to corporate clients and distributors via depots.
Our two refineries, Lysekil and Gothenburg, accounts for 80% of the refining capacity in Sweden and 30% of the Nordic refinery capacity. The combined capacity of our refineries is 18 million metric tons of refined products. This provides a total refining capacity of around 345,000 barrels per calendar day, which corresponds to 15 percent of Sweden’s total energy consumption. One third of our refined products are sold to the Swedish market. The remaining two-thirds is exported to other Nordic countries, north western Europe and the United States.
We have conducted several important projects to continue to lead the way in the transision to a sustainable society. We established a number of new partnerships and new technologies to secure the supply of sustainable renewabel feedstocks for the future. To reduce Sweden's and Preem's climate footprint, some of our highest priorities are to ensure energy efficient production and increase the share of renewable in the fuels we produce.
Revenues in 2018 increased by 35 percent compared to 2017, from SEK 68.7 billion to SEK 92.6 billion. Adjusted EBITDA amounted to SEK 3,6 billion, a decrese with SEK 0.6 billion compared to 2017. Our final result in 2018 was strongly influenced by falling oil prices during December 2018. Read more about our result here.