The creation of a major independent oil company in northwest Europe opens up significant downstream possibilities for the market
The enlarged Varo Energy has an ambitious vision to offer a market leading supply network in northwest Europe.
These ambitions are supported by a solid foundation consisting of 50 tank terminals in Benelux, France, Germany and Switzerland, a wholly owned refinery in Switzerland and a 45% stake in the Bayernoil refinery in Germany. Additionally it has a network of supply, distribution and sales organisations.
The completion of a significant merger between Argos, an independent trading, storage and distribution company with a network of 21 tank terminals, and Varo Energy, which owns all Petrotank storage facilities and additional facilities in Switzerland, has created a major new downstream player in the region.
Led by CEO Roger Brown, the group will handle more than 16 million m3 of products per year through its terminal system with a current capacity of c...