Total 'has no plans' to sell Lindsey, UK oil refinery

23 February 2010 12:41  [Source: ICIS news]

LONDON (ICIS news)--Total said on Tuesday that it has no plans to sell its refinery at Lindsey in eastern England, UK, despite media reports suggesting that the French oil giant was working on a sale.

“We are not selling the refinery,” a Total spokesperson said, adding: “If that was the case, I think we would have been made aware of it.”

Workers and subcontactors at Total's French refineries have been striking for seven days over the closure of the company's Dunkirk plant. They have also asked for guarantees over the future of other sites across France.

Media sources suggested that the sale of the Lindsey refinery and closure of Dunkirk would allow Total to reach its target of cutting production capacity by 500,000 bbl/day between 2007 and 2011.

In June last year, construction workers at the 200,000 bbl/day Lindsey site staged a walkout after Total announced job cuts.

To discuss issues facing the chemical industry visit ICIS connect

By: Franco Capaldo
+44 (0)20 8652 3214

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly