{{Short description|Swedish petroleum and bio-fuel company}} {{For|the record producer|DJ Premier}} {{More citations needed|date=September 2014}} {{Use dmy dates|date=May 2023}} {{Infobox company | name = Preem | logo = VAROPreem Logo Indigo.png | logo_size = 180px | logo_alt = | logo_caption = | type = Private | industry = Petroleum, biofuels | predecessor = OK Petroleum | founded = {{start date and age| 14 July 1960}} | hq_location = | hq_location_country = Sweden | area_served = Sweden, Norway, Europe | key_people = | products = Fuels, biofuels, heating oil, lubricants | production = Over 18 million tonnes of crude oil per year | revenue = SEK 131 billion (2024) | operating_income = SEK 2.2 billion (2024) | num_employees = Over 1,600 (2024) | parent = VAROPreem | website = https://www.varopreem.com }}[[Image:Preem Karlskrona.jpg|thumb|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,<ref>{{cite web |title=Preem - Vår verksamhet |url=https://www.preem.com/om-oss/var-verksamhet/}}</ref> 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.<ref name="preemsustainabilityreport" />
==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".<ref>{{Cite web|url=https://www.sheikhmohammedalamoudi.info/connecting-economies/petroleum|title = Ooops – this page has moved!}}</ref><ref>{{Cite web|url=https://www.preem.se/en/in-english/about/who-we-are/|title = Who we are}}</ref>
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).<ref>{{Cite web|title=Sheikh Mohammed Hussein Alamoudi Official Website|url=https://www.sheikhmohammedalamoudi.info/|access-date=2020-06-16|website=Sheikh Mohammed Hussein Al Amoudi|language=en-gb}}</ref>
In 2017, the firm released 2.1 million tonnes of carbon dioxide (of which about two-thirds at the Lysekil refinery).<ref>{{Cite web|title=Preem Sustainability Report 2017|url=https://www.preem.com/globalassets/preem.com/investors/preem2017_hr_eng.pdf}}</ref> In 2020, a year after reaching a corresponding figure of 1.7 million tonnes,<ref name="preemsustainabilityreport">{{Cite web|title=Preem Sustainability Report 2019|url=https://www.preem.com/globalassets/om-preem/hallbarhet/hallbarhetsredovisning/preem_sustainability_report_2019_eng.pdf}}</ref> it began a test facility for a technology to reduce carbon dioxide emissions.
In 2024, the turnover was SEK 131 billion<ref>{{Cite web| title=Annual and Sustainability Report 2024 - Transition in progress For a better journey to 2035. Because we want to, can and must | url=https://cms.preem.com/Content/documents/rapporter/hallbarhetsredovisningar/2024/preem-annual-sustainablity-report-2024.pdf | archive-url=https://web.archive.org/web/20250429212306/https://cms.preem.com/Content/documents/rapporter/hallbarhetsredovisningar/2024/preem-annual-sustainablity-report-2024.pdf | archive-date=2025-04-29}}</ref> 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.<ref>{{Cite web|title=PÉTROLE & GAZ MAROC Dans l'affaire Samir, victoire amère de Corral face au Maroc|url=https://www.jeuneafrique.com/1588802/economie-entreprises/dans-laffaire-samir-victoire-amere-de-corral-face-au-maroc/}}</ref>
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.<ref>{{cite web |title=Drivkraft Sverige |url=https://drivkraftsverige.se/fakta-statistik/forsaljningsstallen/}}</ref><ref>{{cite web |title=Preem - Om oss |url=https://www.preem.com/om-oss/}}</ref><ref>{{cite web |title=Preem - Våra anläggningar |url=https://www.preem.com/om-oss/vara-anlaggningar/}}</ref><ref>{{Cite news |title=Vitol-Backed Varo Agrees to Buy Preem in Bet on Renewable Fuels |url=https://www.bloomberg.com/news/articles/2025-03-31/vitol-backed-varo-agrees-to-buy-preem-in-bet-on-renewable-fuels |archive-url=http://web.archive.org/web/20250829182501/https://www.bloomberg.com/news/articles/2025-03-31/vitol-backed-varo-agrees-to-buy-preem-in-bet-on-renewable-fuels |archive-date=2025-08-29 |access-date=2026-01-16 |work=Bloomberg.com |language=en}}</ref><ref>{{Cite web|url=https://www.bioenergy-news.com/news/varo-completes-acquisition-to-create-varopreem/|title=VARO completes acquisition to create VAROPreem|work=Bioenergy Insight|access-date=2026-01-16|language=en}}</ref>
===Owner structure=== Until 2026, the group's structure was divided into four levels:<ref>{{Cite web|url=https://www.preem.se/en/in-english/investors/corral/|title = About Corral Petroleum Holdings AB}}</ref> 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 == * VAROPreem
==References== {{Reflist}}
==External links== *[http://www.preem.se Preem] *[https://www.preem.com/globalassets/om-preem/finansiell-info/arsredovisningar/2019/preem_annual_report_2019_eng.pdf Preem Annual Report 2019] *[https://www.preem.com/globalassets/om-preem/hallbarhet/hallbarhetsredovisning/preem_sustainability_report_2019_eng.pdf Preem Sustainability Report 2019]
{{Authority control}} Category:Oil companies of Sweden Category:Companies based in Stockholm Category:2026 mergers and acquisitions