Pan European Terminals Plc is engaged in the development and operation of hydrocarbon transhipment terminals in the Russian Federation, the Netherlands and Denmark. It is also engaged in trading in refined products. The company operates in two segments: Terminal and Trading Activities. The Terminals segment provides terminal handling and storage services on behalf of clients wishing to export oil products and has bases in the Netherlands, Denmark and Russia. The Trading segment matches buyers and sellers of hydrocarbon product. Baltic Oil Terminals was founded by Simon L. Escott, James C. Pockney and Mark Gilchrist in December 2004 and is headquartered in London, the United Kingdom.