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RE: Lukoil may purchase 30% Spains Repsol -Update 2

Home Forums Refining Community Refinery News Lukoil may purchase 30% Spains Repsol -Update 2 RE: Lukoil may purchase 30% Spains Repsol -Update 2

#6443

Charles Randall
Participant

Right instincts by Lukoil but probably wrong time market for them to pull it off, since Russia’s crude revenue has been ~cut in half & they are already strained to keep going on strategic refinery capital projects. 
 
Market & company value on refining industry will be ripe for another round of mergers globally….. especially after some asset / reserves re-evaluation at end of year 2008.
Regards

Refining Community