July 2017

Petronord Expands Its Business Activities Towards Sweden

Petronord acquires a stake in the oil company PS Olje AB with effect from July 1, 2017, marking the start of its activities in Sweden. The regionally established Swedish company PS Olje does business in three areas: heating oil and diesel trading, the lubricant business and the operation of unmanned service stations. Its office in Halmstad is located between Malmö and Gothenburg in southern Sweden.

The simultaneous acquisition of Energi & värme i Blekinge by PS Olje is in line with Petronord’s objective of further expanding the trading business in Sweden. As a new branch office of PS Olje, it offers promising opportunities for expanding the service station business.