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Factbox(Reuters)- EU Refineries Sold/For Sale

Home Forums Coking Maintenance Shutdown/Turnaround Factbox(Reuters)- EU Refineries Sold/For Sale

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    basil parmesan

    FACTBOX-European oil refineries sold and up for sale
    Tue Feb 9, 2010 8:04am EST
    6:31am CST (Updates with Shell’s Gothenberg, Eni’s Livorno no longerfor sale) LONDON, Feb 9, 2010 (Reuters) – Many European oil and chemicalfirms have been looking to sell domestic refineries as demandfor fuels and petrochemical products has fallen more sharply inEurope than most other parts of the world, hitting profitmargins. However, some have failed to find buyers. Following are the refineries around Europe that have beensold or are up for sale:  HARBURG, HEIDE, GERMANY STANLOW, UK GOTHENBURG, SWEDEN * Royal Dutch Shell (RDSa.L) said about 560,000 bpd, or 15percent of its global total refinery capacity was under review.[ID:nLDE610168] [ID:nLDE6131AY] * Shell has been in talks with India’s Essar Oil (ESRO.BO)on the sale of the three refineries. [ID:nLU627560] * Essar last year said the exclusive talks would last untilthe end of November but Shell said earlier in February they werestill in talks. [ID:nDEL298848] * Essar has been in talks with UBS, Citigroup and JPMorganfor a loan of up to $750 million if it wins the bidding for thethree refineries, sources said last year. [ID:nBMA005648] * Harburg has a capacity to process 5.2 million tonnes ofcrude oil a year (roughly 110,000 bpd). It is moderately complexand its key units are a catalytic cracker for gasoline makingand lubricant systems. * Heide can process 4.5 million tonnes a year (93,000 bpd).It is an integrated, petrochemical oriented plant. * Stanlow has a capacity to process 267,000 bpd. * Gothenburg has a capacity to process about 78,000 bpd.  LIVORNO, ITALY * Italy’s Eni (ENI.MI) is no longer looking to sell Livorno.[ID:nLDE617172] * Last September it said it was in preliminary talks with UKprivate equity fund Klesch & Co to the refinery. [ID:nL1634701] * Livorno is an 85,000 bpd simple refinery.  ANTWERP, BELGIUM TEESSIDE, UK * Swiss-based refiner Petroplus (PPHN.VX) has agreed to sellthe Antwerp bitumen plant to Vitol. [ID:nLQ83975] * Petroplus idled its 117,000 bpd Teesside plant in Marchlast year. Initially it was seeking a buyer of the simple plant. * Petroplus Chief Executive Thomas O’Malley sold hisprevious venture U.S. refiner Premcor Inc to Valero Energy Corpin 2005 and is now in talks with Valero via PBF Investments tobuy its shuttered 210,000 bpd refinery in Delaware City, theUnited States. [ID:nN22150443]  GRANGEMOUTH, UK * Located in Scotland, the plant processes about 200,000barrels of crude oil per day. * Current operator British chemicals maker Ineos [INEOSP.UL]bought the plant from BP (BP.L) in 2005. * Chinese oil firm PetroChina (601857.SS) is in talks to invest in the Grangemouth refinery. [ID:nSP350411] * Grangemouth is a moderately complex refinery equipped withboth hydrocracking and catalytic cracking systems, giving itflexibility to produce gasoline and middle distillates, such asdiesel, according to market demand. * The plant is connected to the North Sea Forties pipeline,which delivers about 650,000-700,000 bpd of crude oil, roughlyhalf of the UK’s daily production. * Morgan Stanley has a deal with Ineos for product marketingand some crude oil purchase.  VLISSINGEN, THE NETHERLANDS  * Russia’s Lukoil (LKOH.MM) bought a stake in the 153,000bpd Vlissingen refinery in the Netherlands from French majorTotal (TOTF.PA) in June last year, blocking a bid by U.S.refiner Valero (VLO.N) [ID:nLJ579651] [ID:nLR73458] * Total will retain a 55 percent stake in the plant. Lukoilhas acquired 45 percent, which was previously held by DowChemical (DOW.N). * U.S. oil major ConocoPhillips (COP.N) owns 20 percent ofLukoil.  * Vlissingen is a moderately complex, diesel-oriented plant.It is equipped with a hydrocracker, which typically allows arefiner to process relatively heavier, cheaper crude oil such asRussian Urals.

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