Cressier Refinery

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In 2012 Vitol added to its refining portfolio by creating Varo investing in both the the refinery at Cressier in Switzerland and the Bayernoil refinery in Neustadt and Vohburg, Bavaria.

Varo has become a major midstream group across North West Europe which now comprises 168,000 bpd refining capacity as well as storage and sales of 16 million cubic meters each year, supplying gasoline to local garages and heating oil to Bavarian consumers.