Keire Investment Group ranks among the top ten oil refining companies in Europe.

As large oil companies continue to streamline their asset portfolios, Carlyle Investment Group has risen to become one of Europe's top ten fuel manufacturers. The private equity giant holds two-thirds of Varo Energy's shares, which completed the acquisition of refineries in Lysekil and Gothenburg, Sweden in January of this year. According to Bloomberg data, combined with its current holdings, this move has elevated Carlyle to ninth place among European fuel manufacturers. The current ranking does not yet include a transaction between Carlyle and Russian Lukoil - a deal that is still pending regulatory approval - which would see the American company take over a refinery in Bulgaria. If this transaction goes through, Carlyle would become the seventh largest refinery operator in Europe. Additionally, Varo's acquisition of Preem in Sweden has also boosted Vitol Group, the world's largest independent oil trading company, in the European refining sector.