Petroplus may sell Reichstett refinery in France

01 April 2010 19:26  [Source: ICIS news]

TORONTO (ICIS news)--Petroplus is considering selling its 85,000 bbl/day Reichstett refinery near Strasbourg in France, part of a strategic evaluation of the facility, the Switzerland-based independent refining major said on Thursday.

The company, which acquired the Reichstett refinery in 2007 from Shell, did not disclose the reasons for the review.

During the evaluation process Petroplus planned to operate the refinery and would make all investments to comply with environmental, health and safety standards, it said.

The news came as some refiners, including Shell, were also seeking to dispose of refining assets in Europe.

Reichstett sources crude oil from Africa, the Baltic region, Latin America, the Middle East and the North Sea. The crude is delivered to the Fos-sur-Mer terminal near Marseille and shipped via pipeline to the refinery.

Petroplus is described as Europe’s largest independent refiner with a combined capacity of 752,000 bbl/day from six refineries.

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By: Stefan Baumgarten
+1 713 525 2653



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