ROLLE, Switzerland, July 3, 2011 /PRNewswire/ -- PetroChina Company Limited (PetroChina) and INEOS Group (INEOS) have completed the deal to form trading and refining Joint Ventures between PetroChina International (London) Company Limited, and INEOS Investments (Jersey) Limited on July 1st. The joint ventures include trading and refining activities at the Grangemouth refinery in Scotland and the Lavera refinery in France.

LONDON, January 31, 2011 /PRNewswire/ -- The proposed joint venture meets INEOS Refining's strategic objectives, bringing a long term partner to the business with a jointly agreed investment programme for Grangemouth (Scotland) and Lavera (France). "This offer is an important step on the way to forming a strategic partnership with PetroChina," says Jim Ratcliffe, Chairman of INEOS.

LONDON, January 10, 2011 /PRNewswire/ -- PetroChina, through its wholly-owned subsidiary PetroChina International Company Limited, has entered into a framework agreement with INEOS to form a partnership in new trading and refining joint ventures related to the refining operations in Grangemouth (Scotland) and Lavera (France). INEOS and China National Petroleum Corporation (CNPC) also announce new strategic co-operation agreement to share refining and petrochemical technology. The signing of both agreements to be witnessed by Nick Clegg, the British Deputy Prime Minister and Li Ke Qiang, the Chinese Vice Premier.

A COMPANY which caused an oil slick in the Firth of Forth last year has been fined GBP 3000.

Text of report by Zambian newspaper Zambia Daily Mail website on 14 July [Report by Kasuba Mulenga: "Indeni Runs Out of Crude Oil"] Indeni Petroleum Refinery in Ndola has stopped producing petroleum products after running out of crude oil feed stock.