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ConocoPhillips completes deal for German refinery

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This topic contains 3 replies, has 3 voices, and was last updated by  Charles Randall 15 years, 7 months ago.

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  • #4238

    Anonymous

    Tuesday February 28, 6:06 pm ET

    ConocoPhillips Co. on Tuesday afternoon said it has completed the purchase of a refinery –  in Germany.
     
    The integrated petroleum company’s acquisition from privately owned Louis Dreyfus Energy Holdings Ltd. gives Houston-based ConocoPhillips a 275,000 barrel-per-day refinery in the German city of Wilhelmshaven. Also included in the deal were a marine terminal, a tank farm, and rail and truck-loading
     
    “We are pleased to have completed this transaction, and we look forward to the Wilhelmshaven refinery providing a foundation for strengthening ConocoPhillips’ ability to supply products to key export markets and local German customers, including being a valuable supply point for our network of JET gas stations,” said Jim Nokes, executive vice president, refining, marketing, supply and transportation facilities.
     
    As was previously announced, ConocoPhillips will continue to work with the German authorities to secure the necessary support and permits to make further investments in the Wilhelmshaven refinery, including initial expenditures toward a deep conversion project and other capital improvements.

    We expect to begin a deep conversion project that will allow us to improve the Wilhelmshaven refinery to a high complexity refinery, resulting in expanded production of more valuable light end products such as gasoline and sulfur-free diesel,” said Mike Fretwell, president, international downstream.
     
    For ConocoPhillips, the Wilhelmshaven refinery increases the company’s overall European refining capacity from about 372,000 barrels per day to approximately 647,000 barrels per day.
    Adding the European refinery strengthens the ability of ConocoPhillips to supply products to key export markets and German customers. Terms of the Wilhelmshaven deal weren’t disclosed.
    Excluding the refinery in Germany, ConocoPhillips as of Dec. 31 owned all or part of six refineries outside the United States. Refining and marketing in 2005 accounted for nearly a third of the Houston company’s total net income worldwide.
     
    Published February 28, 2006 by the Houston Business Journal

  • #7643

    Charles Randall
    Participant

    COP buys Wilhelmshaven and indicates a deep conversion project will begin – which might mean another coker??
     
    Germany is home to 4 other coking refineries (BP at Lingren & Gelsenkirchen, OMV at Burghausen, and Mineraloe at Karlsrue – ExxonMobil shutdown the Ingolstadt fluid coker), so The Wilhelmshaven needs to play catch up to the complexity of its competitors, using its strength in the coking technology sector.  
    Regards
    Charlie Randall

  • #7635

    Anonymous

    Hello  Gentleman:
     
    I would like to take a few minutes of your valuable time for a mutually beneficial business association.
     
    Sir, we are management consultants in the field of Recruitment and we deliver the best profiles to our client from  the industrial and corporate world  for Senior and Top Management position,be it in the engineering field or in the corporate governance arena.We have a very distinct position in the Process and Infrastructure industry.
     
    I shall  forward the Company Profile and Terms & Conditions for your perusal.if you would be intrested
     
    The list of clients we are serving reflects our experience and ability to get the most suitable profiles as per the standards set by each of our client.We would like an opportunity to meet with you and the senior members of your team for a face to face dialogue.
     
    Sir, I have a masters degree in Electrical Engineering (USA) and have worked in the engineering sector for about 30 years.I had spent 22 years in USA working with Process Industries (Projects of ALCOA,US Steel etc..),Power Sector and Engineering Consultancy firms.This experience has given me a special edge over others in this field and has propelled our company’s success.
     
    We will, without any doubt, be able to deliver the best available profiles in relevant  industries. This includes  but is not limited to EPC,HR,IR,Training, Finance,Projects,Business heads,business development,legal, QA,Corp.Communication,IT professionals….and top engineers form OIL&GAS fields ..  to name a few. We have a professional staff comprising of 24 experienced and very dedicated Recruitment Executives.
     
    Please revert back to us with your thoughts and day & time for a meeting as well.
     
    Regards,
     
    Gautam Shah
    Partner
    Accent World Services
    Vile Parle (East)
    Mumbai
    Cell No. 9320042316 / 9820042316
    http://www.awsglobal.com

  • #7633

    Anonymous

    Dear sir
    we are from RASCO company in Libya and we like to vist a refinery in Germany and qality control laboratory to know about crude oil type and removal of impurities in crude like sulfure for example. would you please help us  and your advise regarding this matter.

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