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RE: LyondellBasell to Sell French Berre Refinery

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#5058

Charles Randall
Participant

Here is news item about Lyondell’s Berre’s joining pack up for selling refineries -I just saw an email on recap of other EU Refineries for sale. Which I will post as well. 
 
Don’t guess Lyondell folks realize doesn’t pay to sell refinery for not meeting “forecast” goals in really bad market or when market is saturated with dozens of other plants on sale!
 
I wonder if  EU / EU oil majors understand how screwed they are going to be ceeding over all expansion & future supply/demand to Russians, Chinese, Indians & few countries like Spain holding out future growth?

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